Bankruptcy Act 1966

While a debt agreement is in force and details of it are entered on the National Personal Insolvency Index, a creditor cannot:

present a creditor’s petition against the debtor; or

proceed further with a creditor’s petition that was presented against the debtor before details of the debt agreement were entered in the Index; or

enforce a remedy against the debtor’s person or property, or start or take a fresh step in legal proceedings, in respect of a provable debt.

Paragraph (1)(c) does not prevent a creditor from enforcing a remedy against the debtor or the debtor’s property for a liability under one or more of the following:

a maintenance agreement;

a maintenance order;

a proceeds of crime law.

While a debt agreement is in force and details of it are entered on the National Personal Insolvency Index:

a sheriff must not take action, or further action, to execute, or sell property under, any process issued by a court to enforce payment of a provable debt owed by the debtor; and

a person who is entitled under a law of the Commonwealth, or of a State or Territory, to retain or deduct money from money that is or will be owing or payable to the debtor must not retain or deduct money.