Bankruptcy Act 1966

PART IX - DEBT AGREEMENTS  

 View history note

 Hide history note

History

Pt IX - Debt agreements inserted by No 44 of 1996, Sch 1, Pt 1(320).

Pt IX - Small Bankruptcies repealed by No 12 of 1980, s 99.

Division 5 - Ending a debt agreement  

SECTION 185S  

185S   VALIDITY OF THINGS DONE UNDER A DEBT AGREEMENT THAT WAS TERMINATED  

View history reference

If a debt agreement is terminated under section 185P , 185Q , 185QA or 185R , anything that was done in good faith under the agreement by a person before the person had notice of the termination:

(a) is valid; and

(b) cannot be voided by a trustee under section 120 , 121 or 122 (whether applying of its own force or under subsection 188A(4) ).

View history reference

 View history note

 Hide history note

History

S 185S amended by No 44 of 2007, s 3 and Sch 2 item 57, by repealing the note, applicable in relation to:

(a) a debt agreement proposal given to the Official Receiver on or after 1 July 2007; and

(b) a debt agreement made as the result of the acceptance of a debt agreement proposal given to the Official Receiver on or after 1 July 2007.

The note formerly read:

Note:

This section does not preserve a release from debts under a debt agreement that is terminated: see paragraph 185J(2)(a).

S 185S amended by No 80 of 2004, s 3 and Sch 1 item 43, by substituting " 188A(4) " for " 231(2) " , effective 1 December 2004. For transitional provisions, see note under Part X heading.

S 185S amended by No 86 of 2002, s 3 and Sch 4 item 25, by inserting " , 185QA " after " 185Q " , effective 1 January 2003.

S 185S inserted by No 44 of 1996, Sch 1, Pt 1(320).

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.