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 114C   114C   DIRECTOR OF PUBLIC PROSECUTIONS OR COMMISSIONER OF THE AUSTRALIAN FEDERAL POLICE MUST NOTIFY THE TRUSTEE OF CERTAIN MATTERS  


If circumstances arise as a result of which:


(a) this Subdivision prevents Subdivision A from being applied to the proceeds of property of a bankrupt; or


(b) this Subdivision no longer prevents Subdivision A from being applied to the proceeds of property of a bankrupt;

the Director of Public Prosecutions (or the Commissioner of the Australian Federal Police, if the Commissioner is the Commonwealth proceeds of crime authority that is the responsible authority for the order under the Proceeds of Crime Act 2002 ) must, as soon as practicable, give the trustee written notice of the existence of the circumstances.




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