Bankruptcy Amendment (Debt Agreement Reform) Act 2018 (118 of 2018)

Schedule 3   Registered debt agreement administrators

Part 1   Applications for registration

Bankruptcy Act 1966

6   After paragraph 186C(2)(e)

Insert:

(f) has produced evidence in writing to the Inspector-General that the applicant has taken out:

(i) adequate and appropriate professional indemnity insurance; and

(ii) adequate and appropriate fidelity insurance;

against the liabilities that the applicant may incur working as a registered debt agreement administrator; and

(g) is a fit and proper person.