Section 139ZIDA — Bankruptcy Act 1966 (Cth)

Annulment

(1) If:

(a) a determination is in force under subsection 139ZIC(1) in relation to a bankrupt; and

(b) the bankruptcy is annulled;

the determination ceases to be in force on the date of the annulment.

Discharge—no liability to pay contributions

(2) If:

(a) a determination is in force under subsection 139ZIC(1) in relation to a bankrupt; and

(b) the bankrupt is discharged from the bankruptcy; and

(c) at the time of the discharge, the bankrupt is not liable to pay a contribution;

the determination ceases to be in force at the time of the discharge.

Discharge—continuing liability to pay contributions

(3) If:

(a) a determination is in force under subsection 139ZIC(1) in relation to a bankrupt; and

(b) the bankrupt is discharged from the bankruptcy; and

(c) at the time of the discharge, the bankrupt is liable to pay a contribution;

the determination ceases to be in force when the bankrupt is no longer liable to pay a contribution.

Related sections

• s 139ZIB — Definitions
• s 139ZIC — Trustee may determine that the supervised account regime applies to the bankrupt
• s 139ZID — Revocation of determination
• s 139ZIE — Bankrupt must open and maintain supervised account
• s 139ZIEA — New supervised account
• s 139ZIF — Bankrupt’s monetary income to be deposited to supervised account

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