Division 2 - Key definitions relating to credit reporting  

Subdivision B - Other definitions  


Personal insolvency information about an individual is information:

(a) that is entered or recorded in the National Personal Insolvency Index; and

(b) that relates to:

(i) a bankruptcy of the individual; or

(ii) a debt agreement proposal given by the individual; or

(iii) a debt agreement made by the individual; or

(iv) a personal insolvency agreement executed by the individual; or

(v) a direction given, or an order made, under section 50 of the Bankruptcy Act that relates to the property of the individual; or

(vi) an authority signed under section 188 of that Act that relates to the property of the individual.

Despite subparagraph (1)(b)(i), personal insolvency information about an individual must not relate to:

(a) the presentation of a creditor ' s petition against the individual; or

(b) an administration under Part XI of the Bankruptcy Act of the individual ' s estate.

An expression used in paragraph (1)(b) or (2)(a) that is also used in the Bankruptcy Act has the same meaning in that paragraph as it has in that Act.


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