Bankruptcy Act 1966
PART IX
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DEBT AGREEMENTS
Division 6
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Voiding a debt agreement
SECTION 185V
185V
VALIDITY OF THINGS DONE UNDER A DEBT AGREEMENT THAT WAS DECLARED VOID
If a debt agreement is declared void, anything that was done in good faith under the agreement by a person before the person had notice of the declaration:
(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 231(2) ).
View history note
Hide history noteIf a debt agreement is declared void, anything that was done in good faith under the agreement by a person before the person had notice of the declaration:
(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 231(2) ).
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