Section 209 — Bankruptcy Act 1966 (Cth)

Where:

(a) a debtor signs an authority under section 188; and

(b) subsequently a personal insolvency agreement is entered into by the debtor or the debtor becomes a bankrupt;

all payments made, acts and things done, transactions entered into and liabilities incurred by the controlling trustee in good faith in exercise of his or her powers under this Part are binding on the trustee of the personal insolvency agreement or in the bankruptcy, as the case may be.

Related sections

• s 206 — Court may adjourn hearing of petition where creditors have passed resolution for personal insolvency agreement
• s 207 — Surrender of security etc. where secured creditor has voted
• s 208 — Termination of control of debtor’s property by the Court
• s 210 — Other provisions about controlling trustee
• s 211 — Other provisions about debtor
• s 215 — Eligibility to be trustee of personal insolvency agreement

Research how courts apply s 209

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.