Bankruptcy Legislation Amendment Act 2004 (80 of 2004)

Schedule 2   Amendments relating to compositions and schemes of arrangement

Bankruptcy Act 1966

4   After subsection 73(1)

Insert:

(1A) The trustee must, within 2 working days after receiving the proposal, give a copy of the proposal to the Official Receiver for the District in which the bankrupt resides.

(1B) For the purposes of subsection (1A), a working day is a day that is not a Saturday, Sunday or public holiday in the District in which the bankrupt resides.