Section 54B — Bankruptcy Act 1966: When debtor disqualified from presenting declaration

A debtor is not entitled to present a declaration under section 54A: (a) when the debtor is not entitled, except with the leave of the Court, to present a petition under section 55; (b) after a creditor’s petition presented against the debtor is served on the debtor and before: (i) a sequestration order is made on the petition; (ii) the petition is withdrawn or dismissed; or (iii) the petition lapses under subsection 52(4); (c) after a debtor’s petition is presented against the debtor and before the petition is accepted or rejected; (d) while the debtor’s property is subject to control under Division 2 of Part X; (e) within 6 months after the debtor signs an authority under section 188; or (f) within 12 months after a declaration presented by the debtor under section 54A is accepted under section 54C.