Commonwealth Numbered Acts

BANKRUPTCY (ESTATE CHARGES) AMENDMENT ACT 2007 (NO. 43, 2007) - SCHEDULE 1

Bankruptcy (Estate Charges) Act 1997

1  Subsection 5(1)

After "169(1B)", insert "or 185LD(3)".

2  After paragraph 6(1)(aa)

Insert:

                    (ab)  is the administrator of a debt agreement under Part IX of the Bankruptcy Act 1966 ; or

3  After subsection 6(1A)

Insert:

          (1B)  Charge is not payable by a person in the person's capacity as administrator of a debt agreement under Part IX of the Bankruptcy Act 1966 if the person is the debtor to whom the debt agreement relates.

4  Application of amendments

The amendments made by this Schedule apply in relation to a debt agreement made as the result of the acceptance of a debt agreement proposal given to the Official Receiver on or after 1 July 2007.