Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) For the purposes of paragraph 185C(2D)(b) of the Act, the following information is prescribed:
(a) information about alternatives to entering into a debt agreement;
(b) information about the consequences of making a debt agreement proposa l;
(c) information about sources of financial advice and guidance to persons facing or contemplating entering into a debt agreement;
(d) a statement that it is an act of bankruptcy for a debtor to give a debt agreement proposal to the Official Receiver.
(2) The information must be factual and objective.