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StatuteBankruptcy Act 1966

Section 139ZIDA — Bankruptcy Act 1966: When determination ceases to be in force

Text of the provision Official document

Annulment (1) If: (a) a determination is in force under subsection 139ZIC(1) in relation to a bankrupt; and (b) the bankruptcy is annulled; the determination ceases to be in force on the date of the annulment. Discharge—no liability to pay contributions (2) If: (a) a determination is in force under subsection 139ZIC(1) in relation to a bankrupt; and (b) the bankrupt is discharged from the bankruptcy; and (c) at the time of the discharge, the bankrupt is not liable to pay a contribution; the determination ceases to be in force at the time of the discharge. Discharge—continuing liability to pay contributions (3) If: (a) a determination is in force under subsection 139ZIC(1) in relation to a bankrupt; and (b) the bankrupt is discharged from the bankruptcy; and (c) at the time of the discharge, the bankrupt is liable to pay a contribution; the determination ceases to be in force when the bankrupt is no longer liable to pay a contribution.

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.