Insolvency Law Reform Act 2016 (11 of 2016)

Schedule 1   Amendments relating to the Insolvency Practice Schedule (Bankruptcy)

Part 3   Transition to the Insolvency Practice Schedule (Bankruptcy)

Division 3   Application of Part 3 of the Insolvency Practice Schedule (Bankruptcy) and related consequential amendments

Subdivision D   Funds handling

135   Paying money into administration account

Application of the Insolvency Practice Schedule (Bankruptcy)

(1) Sections 65-5 and 65-15 of the Insolvency Practice Schedule (Bankruptcy) do not apply in relation to money received before the commencement day.

Old Act continues to apply to money received before commencement

(2) Despite its repeal by this Schedule, subsection 169(2) of the old Act continues to apply in relation to money received before the commencement day.