Presentation of debt agreement proposal
55 Presentation of debt agreement proposal
This section applies if a debtor intends to give the Official Receiver a debt agreement proposal under subsection 185C(1) of the Act and the debtor is:
unable to read the relevant material, because the debtor:
is blind or has low vision; or
is illiterate or partially literate; or
is insufficiently familiar with the English language; or
unable to sign the debt agreement proposal because of a physical incapacity.
The debt agreement proposal may be signed on behalf of the debtor by another person, who must also sign a statement:
if subparagraph (1)(a)(i) or (ii) applies—that the person has read the relevant material to the debtor; or
if subparagraph (1)(a)(iii) applies—that the person has interpreted the relevant material to the debtor in a language with which the person and the debtor are familiar; or
if paragraph (1)(b) applies—that the person believes that the debtor has read and understood the relevant material.
In this section:
relevant material means the debt agreement proposal and the information prescribed by section 54.
This Act’s bill:Explanatory statement
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