Commonwealth Consolidated Acts

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BANKRUPTCY ACT 1966 - SECT 185LG

Duties of an administrator in relation to debt agreements--extended meaning

             (1)  For the purposes of this Act, a duty of an administrator under this Act is taken to be a duty of an administrator in relation to a debt agreement, even if the duty does not relate to a particular debt agreement.

             (2)  If a person signs a certificate under subsection 185C(2D) in relation to a debt agreement proposal:

                     (a)  the person must ensure that the certificate is correct; and

                     (b)  for the purposes of this Act, the requirement set out in paragraph (a) is taken to be a duty of an administrator in relation to a debt agreement.

             (3)  For the purposes of this Act, a requirement set out in subsection 185LF(2) or 185N(5) is taken to be a duty of an administrator in relation to a debt agreement.


 



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