Effect of property vesting in an insolvency trustee
106 Effect of property vesting in an insolvency trustee
For the purposes of this Subdivision, a person's property is taken to continue to be the person's property if it vests in any of the following:
in relation to a bankruptcy—the trustee of the estate of the bankrupt;
in relation to a composition or scheme of arrangement under Division 6 of Part IV of the Bankruptcy
Act 1966 of the Commonwealth—the trustee of the composition or scheme of arrangement;
in relation to a deed of assignment, a deed of arrangement or a composition under Part X of the Bankruptcy
Act 1966 of the Commonwealth—the trustee of the deed or the composition;
in relation to the estate of a deceased person in respect of which an order has been made under Part XI of the Bankruptcy
Act 1966 of the Commonwealth—the trustee of the estate.
This Act’s bill:Second reading speech
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