Section 185Y — Bankruptcy Act 1966 (Cth)

Money received by administrator to be held on trust

If the administrator of a debt agreement receives money from the debtor under the agreement, the money is taken to have been received by the administrator on trust to be dealt with in the way specified in the debt agreement.

Sourced from the Federal Register of Legislation at 26 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 185W — Court directions to the Official Receiver
s 185X — No stamp duty payable on a debt agreement
s 185XA — Secured creditors
s 185Z — Remuneration of administrator
s 185ZA — Notification of death of administrator
s 185ZB — Official Trustee to replace an administrator who dies etc.

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