BANKRUPTCY ACT 1966

PART IX - DEBT AGREEMENTS  

Division 7 - General provisions relating to debt agreements  

SECTION 185ZCA   COURT MAY ORDER ADMINISTRATOR TO MAKE GOOD LOSS CAUSED BY BREACH OF DUTY  

185ZCA(1)   [ Where a breach of duty committed]  

This section applies if, on application by:


(a) the Inspector-General; or


(b) a creditor who is or has been a party to a debt agreement;

the Court is satisfied that a person who is or has been an administrator of the debt agreement has committed a breach of duty in relation to the debt agreement.

185ZCA(2)   [ Orders available to Court]  

The Court may make any one or more of the following orders:


(a) an order directing the person to make good any loss that a creditor has sustained because of the person ' s breach of duty;


(b) if the person is a registered debt agreement administrator - an order directing the Inspector-General to cancel the person ' s registration as a debt agreement administrator;


(c) any other order that the Court considers just and equitable in the circumstances.




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