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StatuteBankruptcy Act 1966

Section 114A — Bankruptcy Act 1966: The effect of proceeds of crime orders

Text of the provision Official document

(1) If property of a bankrupt is covered by a restraining order, or a forfeiture order, made on or after the date of the bankruptcy, proceeds of property that is covered by the order must not be applied under Subdivision A while that property is so covered. (2) If a pecuniary penalty order is made against a bankrupt on or after the date of the bankruptcy, proceeds of any of the property of the bankrupt must not be applied under Subdivision A while the order is in force. Note: For proceeds of crime orders made before the date of the bankruptcy, see section 58A.

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.