Insolvency Law Reform Act 2016 (11 of 2016)

Schedule 1   Amendments relating to the Insolvency Practice Schedule (Bankruptcy)

Part 3   Transition to the Insolvency Practice Schedule (Bankruptcy)

Division 3   Application of Part 3 of the Insolvency Practice Schedule (Bankruptcy) and related consequential amendments

Subdivision E   Information

144   Books when trading

Application of the Insolvency Practice Schedule (Bankruptcy)

(1) Section 70-11 of the Insolvency Practice Schedule (Bankruptcy) does not apply in relation to events:

(a) that occur before the commencement day; and

(b) in respect of which, or because of which, entries in books are to be made.

Old Act continues to apply to events etc. before commencement day

(2) Despite the repeal of section 174 of the old Act by this Schedule, that section continues to apply in relation to events:

(a) that occur before the commencement day; and

(b) in respect of which, or because of which, accounts and records must be kept.