Bankruptcy Legislation Amendment (Debt Agreements) Act 2007 (44 of 2007)
Schedule 2 Amendments commencing on 1 July 2007
Bankruptcy Act 1966
8 Subsection 185(1)
Insert:
applicable deadline :
(a) in relation to a debt agreement proposal, means:
(i) if Official Receiver accepted the proposal for processing in December - the end of the 42nd day after the acceptance; or
(ii) otherwise - the end of the 35th day after the Official Receiver accepted the proposal for processing; or
(b) in relation to a proposal to vary a debt agreement, means:
(i) if the proposal was given to the Official Receiver in December - the end of the 42nd day after the proposal was given; or
(ii) otherwise - the end of the 35th day after the proposal was given to the Official Receiver; or
(c) in relation to a proposal to terminate a debt agreement, means:
(i) if the proposal was given to the Official Receiver in December - the end of the 21st day after the proposal was given; or
(ii) otherwise - the end of the 14th day after the proposal was given to the Official Receiver.
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