BANKRUPTCY ACT 1966
Where, during the stay period in relation to a declaration of intention presented by a debtor, a copy of the declaration signed by the Official Receiver who accepted it is produced to a person who is entitled under a law of the Commonwealth, of a State, or of a Territory of the Commonwealth:
(a) to retain or deduct money from money payable or owing, or to become payable or owing, to the debtor; and
(b) to apply the retained or deducted money toward discharging a frozen debt owed by the debtor to any person;
subsections (2) and (3) apply.
(a) refrain from so retaining or deducting money; and
(b) refrain from paying to a person (other than the debtor), or otherwise applying, money that was so retained or deducted before the signed copy was produced to the person.
Nothing in this section affects a person ' s liability to pay money to the debtor.
(Omitted by No 44 of 1996, Sch 1, Pt 1(143).)