Bankruptcy Act 1966

This section applies if:

a person (the earlier administrator) ceases to be the administrator of a debt agreement; and

another person (the later administrator) becomes the administrator of the debt agreement in place of the earlier administrator.

The earlier administrator must:

prepare an account of:

money received by the earlier administrator from the debtor in relation to the debt agreement; and

payments made by the earlier administrator in relation to the debt agreement; and

keep a copy of the account; and

give the later administrator:

a copy of the account; and

a copy of any other accounts the earlier administrator received from a person who was the administrator of the debt agreement before the earlier administrator.