BANKRUPTCY ACT 1966

PART VI - ADMINISTRATION OF PROPERTY  

Division 4B - Contribution by bankrupt and recovery of property  

Subdivision HA - Supervised account regime  

SECTION 139ZIDA   WHEN DETERMINATION CEASES TO BE IN FORCE  

139ZIDA(1)   Annulment.  

If:


(a) a determination is in force under subsection 139ZIC(1) in relation to a bankrupt; and


(b) the bankruptcy is annulled;

the determination ceases to be in force on the date of the annulment.

139ZIDA(2)   Discharge - no liability to pay contributions.  

If:


(a) a determination is in force under subsection 139ZIC(1) in relation to a bankrupt; and


(b) the bankrupt is discharged from the bankruptcy; and


(c) at the time of the discharge, the bankrupt is not liable to pay a contribution;

the determination ceases to be in force at the time of the discharge.

139ZIDA(3)   Discharge - continuing liability to pay contributions.  

If:


(a) a determination is in force under subsection 139ZIC(1) in relation to a bankrupt; and


(b) the bankrupt is discharged from the bankruptcy; and


(c) at the time of the discharge, the bankrupt is liable to pay a contribution;

the determination ceases to be in force when the bankrupt is no longer liable to pay a contribution.




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