Bankruptcy Act 1966

PART VI - ADMINISTRATION OF PROPERTY  

Division 4A - Orders in relation to property of entity controlled by bankrupt or from which bankrupt derived a benefit  

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History

Div 4A heading amended by No 33 of 2006, s 3 and Sch 1 item 16, by inserting " or from which bankrupt derived a benefit " at the end, applicable in relation to an examinable period that commences on or after 31 May 2006.

Div 4A inserted by No 119 of 1987, s 51(1).

SECTION 139EA  

139EA   ORDER RELATING TO INCREASE IN VALUE OF PROPERTY OF NATURAL PERSON  

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If, on an application under section 139A for an order in relation to a respondent entity that is a natural person, the Court is satisfied that:

(a) during the examinable period, the value of the entity ' s interest in particular property increased as a direct or indirect result of financial contributions made by the bankrupt during that period; and

(b) the bankrupt used, or derived (whether directly or indirectly) a benefit from, the property at a time or times during the examinable period;

the Court may, by order, direct the entity to pay to the applicant a specified amount not exceeding the amount by which the value of the entity ' s interest in the property increased as a result of the financial contributions made by the bankrupt.

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History

S 139EA inserted by No 33 of 2006, s 3 and Sch 1 item 22, applicable in relation to an examinable period that commences on or after 31 May 2006.

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