BANKRUPTCY ACT 1966

PART VI - ADMINISTRATION OF PROPERTY  

Division 4B - Contribution by bankrupt and recovery of property  

Subdivision HA - Supervised account regime  

SECTION 139ZIA   139ZIA   OBJECTS  


The objects of this Subdivision are:


(a) to improve the likelihood that a bankrupt will have sufficient money to pay contributions or instalments of contributions; and


(b) to ensure that all monetary income received by the bankrupt is deposited to a single account (the supervised account ); and


(c) to enable the trustee to supervise withdrawals from the account.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.