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COMMONWEALTHAct
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s 139ZIA

Objects

In force
Part VIAdministration of property
Division 4BContribution by bankrupt and recovery of property
Subdivision HASupervised account regime

139ZIA Objects

The objects of this Subdivision are:

(a)

to improve the likelihood that a bankrupt will have sufficient money to pay contributions or instalments of contributions; and

(b)

to ensure that all monetary income received by the bankrupt is deposited to a single account (the supervised account); and

(c)

to enable the trustee to supervise withdrawals from the account.

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Section 139ZIA — Objects — Bankruptcy Act 1966 (Commonwealth) — Barrister AI