BANKRUPTCY ACT 1966

PART VI - ADMINISTRATION OF PROPERTY  

Division 3 - Property available for payment of debts  

Subdivision B - Superannuation contributions  

SECTION 128A   128A   SIMPLIFIED OUTLINE  


The following is a simplified outline of this Subdivision:

  • · This Subdivision enables the recovery of superannuation contributions made to defeat the bankrupt ' s creditors.
  • · There are 2 types of recoverable contributions:
  • (a) contributions made by a person who later becomes a bankrupt (see section 128B );
  • (b) contributions made by a third party for the benefit of a person who later becomes a bankrupt (see section 128C ).
  • · Superannuation accounts may be frozen for up to 180 days pending the taking of recovery action under section 139ZQ or 139ZU .



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