BANKRUPTCY ACT 1966

PART X - PERSONAL INSOLVENCY AGREEMENTS  

Division 3 - General provisions  

SECTION 218   NOTICE OF EXECUTION OF PERSONAL INSOLVENCY AGREEMENT  

218(1)   [Personal insolvency agreement]  

The trustee of a personal insolvency agreement entered into in pursuance of this Part shall:


(a) notify each creditor of the debtor as soon as practicable after the debtor and the trustee have executed the agreement; and


(b) within 2 days after the execution of the agreement by the debtor and the trustee - file a copy of the agreement in the office of the Official Receiver.

218(2)  


The trustee commits an offence if the trustee fails to comply with a requirement under paragraph (1)(b).

Penalty: 5 penalty units.

Note:

See also section 277B (about infringement notices).

218(2A)  


Subsection (2) is an offence of strict liability.
Note:

For strict liability, see section 6.1 of the Criminal Code .

218(3)   [Regulations]  

A trustee must notify creditors under paragraph (1)(a) in the way prescribed by the regulations.




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