Bankruptcy Act 1966

PART VI - ADMINISTRATION OF PROPERTY

Division 3 - Property available for payment of debts

Subdivision B - Superannuation contributions

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SECTION 128A

128A SIMPLIFIED OUTLINE

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The following is a simplified outline of this Subdivision:

• This Subdivision enables the recovery of superannuation contributions made to defeat the bankrupt ' s creditors.

• There are 2 types of recoverable contributions:

(a) contributions made by a person who later becomes a bankrupt (see section 128B );

(b) contributions made by a third party for the benefit of a person who later becomes a bankrupt (see section 128C ).

• Superannuation accounts may be frozen for up to 180 days pending the taking of recovery action under section 139ZQ or 139ZU .