s 185QA
In forceTerminating a debt agreement—designated 6‑month arrears default
Part IXDebt agreements
Division 5Ending a debt agreement
185QA Terminating a debt agreement—designated 6‑month arrears default
(1)
If:
(a)
the administrator of a debt agreement notifies the Official Receiver that a designated 6‑month arrears default by the debtor has occurred; and
(b)
the Official Receiver is satisfied that the designated 6‑month arrears default has occurred;
the Official Receiver must:
(c)
declare in writing that the agreement is terminated; and
(d)
record the declaration on the National Personal Insolvency Index.
(2)
The debt agreement is terminated when the declaration is recorded on the National Personal Insolvency Index.
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