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COMMONWEALTHAct
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s 139EA

Order relating to increase in value of property of natural person

In force
Part VIAdministration of property
Division 4AOrders in relation to property of entity controlled by bankrupt or from which bankrupt derived a benefit

139EA Order relating to increase in value of property of natural person

If, on an application under section 139A for an order in relation to a respondent entity that is a natural person, the Court is satisfied that:

(a)

during the examinable period, the value of the entity’s interest in particular property increased as a direct or indirect result of financial contributions made by the bankrupt during that period; and

(b)

the bankrupt used, or derived (whether directly or indirectly) a benefit from, the property at a time or times during the examinable period;

the Court may, by order, direct the entity to pay to the applicant a specified amount not exceeding the amount by which the value of the entity’s interest in the property increased as a result of the financial contributions made by the bankrupt.

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