Control of debtor’s property before sequestration
14 Control of debtor’s property before sequestration
If the Court gives a direction, or makes another order, under subsection 50(1) of the Act in relation to a debtor, the creditor who applied under subsection 50(1A) of the Act for the Court to make a direction must:
serve the documents specified in subsection (2) of this section on both of the following:
the trustee who the Court has directed to take control of the debtor’s property;
the Official Receiver; and
do so within 2 business days after the Court gives the direction or makes the order as the case may be.
A direction under subsection 50(1) of the Act may be given to the Official Trustee or a registered trustee.
The following documents are specified:
a copy of the application;
a copy of any affidavit filed in support of the application;
a certified copy of the direction or order as the case may be.
This Act’s bill:Explanatory statement
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.