BANKRUPTCY ACT 1966

PART IX - DEBT AGREEMENTS  

Division 5 - Ending a debt agreement  

SECTION 185S   185S   VALIDITY OF THINGS DONE UNDER A DEBT AGREEMENT THAT WAS TERMINATED  


If a debt agreement is terminated under section 185P , 185Q , 185QA or 185R , anything that was done in good faith under the agreement by a person before the person had notice of the termination:


(a) is valid; and


(b) cannot be voided by a trustee under section 120 , 121 or 122 (whether applying of its own force or under subsection 188A(4) ).




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