BANKRUPTCY ACT 1966

PART IX - DEBT AGREEMENTS  

Division 3A - Duties of administrators  

SECTION 185LA   DUTIES OF AN ADMINISTRATOR - GENERAL  

185LA(1)  
The duties of an administrator of a debt agreement include:


(a) dealing with the debtor ' s property in the manner specified in the debt agreement; and


(b) giving information about the administration of the debt agreement to the debtor if the debtor makes a reasonable request for the information; and


(c) giving information about the administration of the debt agreement to a creditor who:


(i) is a party to the debt agreement; and

(ii) makes a reasonable request for the information; and


(d) considering whether the debtor has committed an offence against this Act; and


(e) referring to the Inspector-General or to relevant law enforcement authorities any evidence of an offence by the debtor against this Act.

185LA(2)  


An administrator of a debt agreement has a duty not to be reimbursed for expenses the administrator incurred in administering the debt agreement unless those expenses are of a kind specified in the relevant debt agreement proposal as mentioned in subsection 185C(3B) .

185LA(3)  


If an administrator of a debt agreement signs a certificate under paragraph 185M(1DB)(a) or subsection 185M(1F) in relation to a proposal to vary the agreement, the administrator has a duty to ensure that the certificate is correct.



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