Section 47 — Bankruptcy Act 1966 (Cth)

Requirements as to creditor’s petition

(1) A creditor’s petition must be verified by an affidavit of a person who knows the relevant facts.

(1A) If the rules of court prescribe a form for the purposes of this subsection, the petition must be in the form prescribed.

(2) Except with the leave of the Court, a creditor’s petition shall not be withdrawn after presentation.

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 44 — Conditions on which creditor may petition
s 45 — Creditor’s petition against partnership
s 46 — Petition against 2 or more joint debtors
s 49 — Change of petitioners
s 50 — Taking control of debtor’s property before sequestration
s 51 — Costs of prosecuting creditor’s petition

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