Bankruptcy Act 1966

The trustee of a bankrupt’s estate may, by written notice given to the bankrupt, determine that the supervised account regime applies to the bankrupt.

The trustee must not make a determination under subsection (1) in relation to the bankrupt unless, at the time the determination is made:

the bankrupt is liable to pay a contribution; and

either:

if the trustee has made a determination under section 139ZG permitting the contribution to be paid by instalments—the bankrupt has not paid the whole of an instalment at or before the time when it became payable; or

if the trustee has made a determination under section 139ZG requiring the bankrupt to pay the contribution at a specified time—the bankrupt has not paid the whole of the contribution at or before the time when it became payable.

A notice under subsection (1) must be in the approved form.

A notice under subsection (1) must be accompanied by:

a supervised account notice relating to the bankrupt concerned; and

a statement setting out:

the effect of sections 139ZIE to 139ZIT; and

such other information (if any) as is specified in the regulations.