Bankruptcy Act 1966

PART VI - ADMINISTRATION OF PROPERTY  

Division 4B - Contribution by bankrupt and recovery of property  

Subdivision HA - Supervised account regime  

SECTION 139ZID   REVOCATION OF DETERMINATION  

139ZID(1)   [ Revocation by notice ]  

If a determination is in force under subsection 139ZIC(1) in relation to a bankrupt, the trustee may, by written notice given to the bankrupt, revoke the determination.

139ZID(2)   [ Current and future payments ]  

The trustee must not revoke the determination unless the trustee is satisfied, having regard to:

(a) the past payment record of the bankrupt; and

(b) any other relevant matters;

that the bankrupt will pay the whole of any current or future contributions or instalments of contributions at or before the time when they become payable.

139ZID(3)   [ Initiation of power ]  

The power conferred on the trustee by subsection (1) may be exercised:

(a) on his or her own initiative; or

(b) on the application of the bankrupt.

139ZID(4)   [ Notice of refusal to revoke ]  

If, following the bankrupt ' s application, the trustee refuses to revoke the determination, the trustee must give the bankrupt written notice of the refusal.

139ZID(5)   [ Notice ]  

A notice under subsection (1) must be in the approved form.