BANKRUPTCY ACT 1966

PART VI - ADMINISTRATION OF PROPERTY  

Division 4B - Contribution by bankrupt and recovery of property  

Subdivision HA - Supervised account regime  

SECTION 139ZID   REVOCATION OF DETERMINATION  

139ZID(1)   [Revocation by notice]  

If a determination is in force under subsection 139ZIC(1) in relation to a bankrupt, the trustee may, by written notice given to the bankrupt, revoke the determination.

139ZID(2)   [Current and future payments]  

The trustee must not revoke the determination unless the trustee is satisfied, having regard to:


(a) the past payment record of the bankrupt; and


(b) any other relevant matters;

that the bankrupt will pay the whole of any current or future contributions or instalments of contributions at or before the time when they become payable.

139ZID(3)   [Initiation of power]  

The power conferred on the trustee by subsection (1) may be exercised:


(a) on his or her own initiative; or


(b) on the application of the bankrupt.

139ZID(4)   [Notice of refusal to revoke]  

If, following the bankrupt ' s application, the trustee refuses to revoke the determination, the trustee must give the bankrupt written notice of the refusal.

139ZID(5)   [Notice]  

A notice under subsection (1) must be in the approved form.




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