BANKRUPTCY ACT 1966

PART IX - DEBT AGREEMENTS  

Division 3A - Duties of administrators  

SECTION 185LG   DUTIES OF AN ADMINISTRATOR IN RELATION TO DEBT AGREEMENTS - EXTENDED MEANING  

185LG(1)  
For the purposes of this Act, a duty of an administrator under this Act is taken to be a duty of an administrator in relation to a debt agreement, even if the duty does not relate to a particular debt agreement.

185LG(1A)  


Before a person signs a certificate under paragraph 185C(4C)(b) in relation to a debt agreement proposal, the person must:


(a) make reasonable inquiries about the debtor ' s financial situation; and


(b) take reasonable steps to verify the debtor ' s financial situation.

For the purposes of this Act, the requirements set out in paragraphs (a) and (b) are taken to be duties of an administrator in relation to a debt agreement.

185LG(2)  


If a person signs a certificate under subsection 185C(2D) or paragraph 185C(4C)(b) in relation to a debt agreement proposal:


(a) the person must ensure that the certificate is correct; and


(b) for the purposes of this Act, the requirement set out in paragraph (a) is taken to be a duty of an administrator in relation to a debt agreement.

185LG(3)  
For the purposes of this Act, a requirement set out in subsection 185LF(2) or 185N(5) is taken to be a duty of an administrator in relation to a debt agreement.




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