When debtor disqualified from presenting declaration
A debtor is not entitled to present a declaration under section 54A: (a) when the debtor is not entitled, except with the leave of the Court, to present a petition under section 55; (b) after a creditor’s petition presented against the debtor is served on the debtor and before: (i) a sequestration order is made on the petition; (ii) the petition is withdrawn or dismissed; or (iii) the petition lapses under subsection 52(4); (c) after a debtor’s petition is presented against the debtor and before the petition is accepted or rejected; (d) while the debtor’s property is subject to control under Division 2 of Part X; (e) within 6 months after the debtor signs an authority under section 188; or (f) within 12 months after a declaration presented by the debtor under section 54A is accepted under section 54C.
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.
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