Queensland Numbered Acts Queensland Numbered Acts(1) A person can not be a councillor while the person is a bankrupt.
(2) A person is a bankrupt if, under a bankruptcy law--
(a) the person is an undischarged bankrupt; or
(b) the person has executed a deed of arrangement, and the terms of the deed have not been fully complied with; or
(c) the person's creditors have accepted a composition, and a final payment has not been made under the composition.
(3) A bankruptcy law is--
(a) the Bankruptcy Act 1966 (Cwlth); or
(b) a corresponding law of another jurisdiction, including a jurisdiction outside Australia.
(4) A person automatically stops being a councillor when the person becomes a bankrupt.