Bankruptcy Act 1966
PART IX
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DEBT AGREEMENTS
Division 5
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Ending a debt agreement
SECTION 185S
185S
VALIDITY OF THINGS DONE UNDER A DEBT AGREEMENT THAT WAS TERMINATED
If a debt agreement is terminated under section 185P , 185Q , 185QA or 185R , anything that was done in good faith under the agreement by a person before the person had notice of the termination:
(a) is valid; and
(b) cannot be voided by a trustee under section 120 , 121 or 122 (whether applying of its own force or under subsection 188A(4) ).
View history note
Hide history noteIf a debt agreement is terminated under section 185P , 185Q , 185QA or 185R , anything that was done in good faith under the agreement by a person before the person had notice of the termination:
(a) is valid; and
(b) cannot be voided by a trustee under section 120 , 121 or 122 (whether applying of its own force or under subsection 188A(4) ).