Section 185ZCA — Bankruptcy Act 1966: Court may order administrator to make good loss caused by breach of duty
Text of the provision Official document
(1) This section applies if, on application by: (a) the Inspector-General; or (b) a creditor who is or has been a party to a debt agreement; the Court is satisfied that a person who is or has been an administrator of the debt agreement has committed a breach of duty in relation to the debt agreement. (2) The Court may make any one or more of the following orders: (a) an order directing the person to make good any loss that a creditor has sustained because of the person’s breach of duty; (b) if the person is a registered debt agreement administrator—an order directing the Inspector-General to cancel the person’s registration as a debt agreement administrator; (c) any other order that the Court considers just and equitable in the circumstances.
Official source: Federal Register of Legislation
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