BANKRUPTCY ACT 1966

PART VI - ADMINISTRATION OF PROPERTY  

Division 2 - Order of payment of debts  

Subdivision B - The effect of proceeds of crime orders and applications for proceeds of crime orders  

SECTION 114A   THE EFFECT OF PROCEEDS OF CRIME ORDERS  

114A(1)   [Restraining or forfeiture order]  

If property of a bankrupt is covered by a restraining order, or a forfeiture order, made on or after the date of the bankruptcy, proceeds of property that is covered by the order must not be applied under Subdivision A while that property is so covered.

114A(2)   [Pecuniary penalty order]  

If a pecuniary penalty order is made against a bankrupt on or after the date of the bankruptcy, proceeds of any of the property of the bankrupt must not be applied under Subdivision A while the order is in force.

Note:

For proceeds of crime orders made before the date of the bankruptcy, see section 58A.




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