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StatuteBankruptcy Act 1966

Section 185LA — Bankruptcy Act 1966: Duties of an administrator—general

Text of the provision Official document

(1) The duties of an administrator of a debt agreement include: (a) dealing with the debtor’s property in the manner specified in the debt agreement; and (b) giving information about the administration of the debt agreement to the debtor if the debtor makes a reasonable request for the information; and (c) giving information about the administration of the debt agreement to a creditor who: (i) is a party to the debt agreement; and (ii) makes a reasonable request for the information; and (d) considering whether the debtor has committed an offence against this Act; and (e) referring to the Inspector-General or to relevant law enforcement authorities any evidence of an offence by the debtor against this Act. (2) An administrator of a debt agreement has a duty not to be reimbursed for expenses the administrator incurred in administering the debt agreement unless those expenses are of a kind specified in the relevant debt agreement proposal as mentioned in subsection 185C(3B). (3) If an administrator of a debt agreement signs a certificate under paragraph 185M(1DB)(a) or subsection 185M(1F) in relation to a proposal to vary the agreement, the administrator has a duty to ensure that the certificate is correct.

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.