Section 139ZID — Bankruptcy Act 1966 (Cth)

(1) If a determination is in force under subsection 139ZIC(1) in relation to a bankrupt, the trustee may, by written notice given to the bankrupt, revoke the determination.

(2) The trustee must not revoke the determination unless the trustee is satisfied, having regard to:

(a) the past payment record of the bankrupt; and

(b) any other relevant matters;

that the bankrupt will pay the whole of any current or future contributions or instalments of contributions at or before the time when they become payable.

(3) The power conferred on the trustee by subsection (1) may be exercised:

(a) on his or her own initiative; or

(b) on the application of the bankrupt.

(4) If, following the bankrupt’s application, the trustee refuses to revoke the determination, the trustee must give the bankrupt written notice of the refusal.

(5) A notice under subsection (1) must be in the approved form.

Related sections

• s 139ZIA — Objects
• s 139ZIB — Definitions
• s 139ZIC — Trustee may determine that the supervised account regime applies to the bankrupt
• s 139ZIDA — When determination ceases to be in force
• s 139ZIE — Bankrupt must open and maintain supervised account
• s 139ZIEA — New supervised account

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