Civil Law and Justice Legislation Amendment Act 2015 (113 of 2015)

Schedule 1   Bankruptcy

Bankruptcy Act 1966

2   After subsection 18(2)

Insert:

Extra function of Official Trustee

(3) The functions of the Official Trustee include acting in accordance with an order of a court relating to the payment of a debt due by a person to the Commonwealth or a Commonwealth authority.

Example: Such an order may, for example, provide for the Official Trustee to:

(a) take custody of, control and own property as security for payment of such a debt; and

(b) sell the property; and

(c) apply the proceeds of the sale wholly or partly towards the payment of the debt.

Note: Other provisions of this Act and other laws of the Commonwealth confer other functions on the Official Trustee.

Official Trustee's seals


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