BANKRUPTCY ACT 1966

PART VI - ADMINISTRATION OF PROPERTY  

Division 4B - Contribution by bankrupt and recovery of property  

Subdivision HA - Supervised account regime  

SECTION 139ZIB   139ZIB   DEFINITIONS  


In this Subdivision:

bankrupt
includes a person who has been discharged from bankruptcy.

bankrupt to whom the supervised account regime applies
means a bankrupt in respect of whom a determination under subsection 139ZIC(1) is in force.

constructive income receipt arrangement
means an arrangement the effect of which is that income derived by a bankrupt is not actually received by the bankrupt because it is:


(a) reinvested, accumulated or capitalised; or


(b) dealt with on behalf of the bankrupt or as the bankrupt directs.

contribution
means a contribution that a bankrupt is liable to pay under subsection 139P(1) or 139Q(1) .

engage in conduct
means:


(a) do an act; or


(b) omit to perform an act.

non-monetary income receipt arrangement
means an arrangement the effect of which is that income derived by a bankrupt is not actually received by the bankrupt in monetary form because it is derived in a non-monetary form.

reviewable decision
means a decision of the trustee of a bankrupt ' s estate:


(a) to make a subsection 139ZIC(1) determination; or


(b) to refuse to revoke a subsection 139ZIC(1) determination; or


(c) to specify a period in a supervised account notice for the purposes of subparagraph 139ZIE(1) (a)(ii); or


(d) to refuse to specify a period in a supervised account notice for the purposes of subparagraph 139ZIE(1) (a)(ii); or


(e) to specify requirements in a supervised account notice for the purposes of subparagraph 139ZIE(1) (a)(ix); or


(f) to refuse to exercise the powers conferred by subsection 139ZIEA(1) ; or


(g) to refuse to give a consent under subsection 139ZIG(3) , 139ZIH(5) , 139ZIHA(5) or 139ZII(3) ; or


(h) to vary a consent given under subsection 139ZIG(3) , 139ZIH(5) , 139ZIHA(5) or 139ZII(3) ; or


(i) to refuse to vary a consent given under subsection 139ZIG(3) , 139ZIH(5) , 139ZIHA(5) or 139ZII(3) ; or


(j) to revoke a consent given under subsection 139ZIG(3) , 139ZIH(5) , 139ZIHA(5) or 139ZII(3) .

supervised account
, in relation to a bankrupt to whom the supervised account regime applies, means an account maintained by the bankrupt in accordance with a supervised account notice that is in force in relation to the bankrupt.

supervised account notice
has the meaning given by subsection 139ZIE(1) .

withdraw
, in relation to an account, includes:


(a) transfer out of; and


(b) draw a cheque on; and


(c) do any other thing that results in a debit from.

working day
(Repealed by No 11 of 2016)




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