BANKRUPTCY ACT 1966

PART XV - PROVISIONS RELATING TO THE BANKRUPTCY (ESTATE CHARGES) ACT 1997  

SECTION 282   EXTENSION OF TIME FOR PAYMENT - INTEREST CHARGE AND REALISATIONS CHARGE  

282(1)   [Inspector-General may extend time]  

The Inspector-General may, in a particular case, extend the time for payment of interest charge or realisations charge.

282(2)   [Applications for extension]  

The following provisions apply in relation to extensions of time under subsection (1):


(a) the person liable to pay the charge may apply for an extension;


(b) an application is to be in writing, setting out the reasons for the application, and is to be made to the Inspector-General before the original time for payment;


(c) the Inspector-General ' s decision on an application is to be in writing;


(d) application may be made to the Administrative Appeals Tribunal for review of a decision to refuse an application, or to grant a lesser extension than was applied for.

Note:

Section 27A of the Administrative Appeals Tribunal Act 1975 requires notification of a decision that is reviewable.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.