Section 139ZIB — Bankruptcy Act 1966: Definitions

In this Subdivision: bankrupt includes a person who has been discharged from bankruptcy. bankrupt to whom the supervised account regime applies means a bankrupt in respect of whom a determination under subsection 139ZIC(1) is in force. constructive income receipt arrangement means an arrangement the effect of which is that income derived by a bankrupt is not actually received by the bankrupt because it is: (a) reinvested, accumulated or capitalised; or (b) dealt with on behalf of the bankrupt or as the bankrupt directs. contribution means a contribution that a bankrupt is liable to pay under subsection 139P(1) or 139Q(1). engage in conduct means: (a) do an act; or (b) omit to perform an act. non-monetary income receipt arrangement means an arrangement the effect of which is that income derived by a bankrupt is not actually received by the bankrupt in monetary form because it is derived in a non-monetary form. reviewable decision means a decision of the trustee of a bankrupt’s estate: (a) to make a subsection 139ZIC(1) determination; or (b) to refuse to revoke a subsection 139ZIC(1) determination; or (c) to specify a period in a supervised account notice for the purposes of subparagraph 139ZIE(1)(a)(ii); or (d) to refuse to specify a period in a supervised account notice for the purposes of subparagraph 139ZIE(1)(a)(ii); or (e) to specify requirements in a supervised account notice for the purposes of subparagraph 139ZIE(1)(a)(ix); or (f) to refuse to exercise the powers conferred by subsection 139ZIEA(1); or (g) to refuse to give a consent under subsection 139ZIG(3), 139ZIH(5), 139ZIHA(5) or 139ZII(3); or (h) to vary a consent given under subsection 139ZIG(3), 139ZIH(5), 139ZIHA(5) or 139ZII(3); or (i) to refuse to vary a consent given under subsection 139ZIG(3), 139ZIH(5), 139ZIHA(5) or 139ZII(3); or (j) to revoke a consent given under subsection 139ZIG(3), 139ZIH(5), 139ZIHA(5) or 139ZII(3). supervised account, in relation to a bankrupt to whom the supervised account regime applies, means an account maintained by the bankrupt in accordance with a supervised account notice that is in force in relation to the bankrupt. supervised account notice has the meaning given by subsection 139ZIE(1). withdraw, in relation to an account, includes: (a) transfer out of; and (b) draw a cheque on; and (c) do any other thing that results in a debit from.