BANKRUPTCY ACT 1966

PART IX - DEBT AGREEMENTS  

Division 3A - Duties of administrators  

SECTION 185LF   SUCCESSION OF ADMINISTRATOR  

185LF(1)   Scope.  

This section applies if:


(a) a person (the earlier administrator ) ceases to be the administrator of a debt agreement; and


(b) another person (the later administrator ) becomes the administrator of the debt agreement in place of the earlier administrator.

185LF(2)   Duty.  

The earlier administrator must:


(a) prepare an account of:


(i) money received by the earlier administrator from the debtor in relation to the debt agreement; and

(ii) payments made by the earlier administrator in relation to the debt agreement; and


(b) keep a copy of the account; and


(c) give the later administrator:


(i) a copy of the account; and

(ii) a copy of any other accounts the earlier administrator received from a person who was the administrator of the debt agreement before the earlier administrator.




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