Bankruptcy Act 1966

Submitted by Richard_Li on Fri, 02/17/2023 - 00:42

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Bankruptcy Act 1966

Enables

Distinguished Terms in this instrument

Term(s)	Definition	Defined in Legislation	See Section(s)
stepchild	: without limiting who is a stepchild of a person for the purposes of this Act, someone is the stepchild of a person if he or she would be the personâs stepchild except that the person is not legally married to the personâs de facto partner.	Bankruptcy Act 1966	Bankruptcy Act 1966 - 5 - 30 Persons with a financial interest in the administration of a regulated debtorâs estate
subsequent assessment	, in relation to a contribution assessment period, means an assessment made by the trustee under subsection 139W(2) in respect of that period.	Bankruptcy Act 1966	Bankruptcy Act 1966 - 139K Definitions Bankruptcy Act 1966 - 139W Assessment of bankruptâs income and contribution
superannuation account‐freezing notice	means a notice under section 128E.	Bankruptcy Act 1966	Bankruptcy Act 1966 - 128N Definitions Bankruptcy Act 1966 - 128E Superannuation account - freezing notice
superannuation interest	means an interest in an eligible superannuation plan, but does not include a reversionary interest.	Bankruptcy Act 1966	Bankruptcy Act 1966 - 128N Definitions Bankruptcy Act 1966 - 139ZW Definitions
supervised account	, in relation to a bankrupt to whom the supervised account regime applies, means an account maintained by the bankrupt in accordance with a supervised account notice that is in force in relation to the bankrupt.	Bankruptcy Act 1966	Bankruptcy Act 1966 - 139ZIB Definitions
supervised account notice	has the meaning given by subsection 139ZIE(1).	Bankruptcy Act 1966	Bankruptcy Act 1966 - 139ZIB Definitions Bankruptcy Act 1966 - 139ZIE Bankrupt must open and maintain supervised account
Territory	, except in the expression âTerritory of the Commonwealthâ, means the Australian Capital Territory or the Northern Territory of Australia.	Bankruptcy Act 1966	Bankruptcy Act 1966 - 5 - 30 Persons with a financial interest in the administration of a regulated debtorâs estate
Territory of the Commonwealth	means a Territory referred to in section 122 of the Constitution, other than Norfolk Island.	Bankruptcy Act 1966	Bankruptcy Act 1966 - 5 - 30 Persons with a financial interest in the administration of a regulated debtorâs estate
the commencement of the bankruptcy	, in relation to a bankrupt, means the time at which his or her bankruptcy is, by virtue of section 115, to be deemed to have commenced.	Bankruptcy Act 1966	Bankruptcy Act 1966 - 5 - 30 Persons with a financial interest in the administration of a regulated debtorâs estate
the Court	means a Court having jurisdiction in bankruptcy under this Act.	Bankruptcy Act 1966	Bankruptcy Act 1966 - 5 - 30 Persons with a financial interest in the administration of a regulated debtorâs estate
the date of the bankruptcy	, in relation to a bankrupt, means the date on which a sequestration order was made against his or her estate or, if he or she became a bankrupt by virtue of the presentation of a debtorâs petition, the date on which he or she became a bankrupt by force of section 55, 56E or 57, as the case re	Bankruptcy Act 1966	Bankruptcy Act 1966 - 5 - 30 Persons with a financial interest in the administration of a regulated debtorâs estate
the Family Court	means the Family Court of Australia.	Bankruptcy Act 1966	Bankruptcy Act 1966 - 5 - 30 Persons with a financial interest in the administration of a regulated debtorâs estate
the Federal Court	means the Federal Court of Australia.	Bankruptcy Act 1966	Bankruptcy Act 1966 - 5 - 30 Persons with a financial interest in the administration of a regulated debtorâs estate
the Official Receiver	means any Official Receiver.	Bankruptcy Act 1966	Bankruptcy Act 1966 - 5 - 30 Persons with a financial interest in the administration of a regulated debtorâs estate
the property of the bankrupt	, in relation to a bankrupt, means:	Bankruptcy Act 1966	Bankruptcy Act 1966 - 5 - 30 Persons with a financial interest in the administration of a regulated debtorâs estate Bankruptcy Act 1966 - 58 Vesting of property upon bankruptcyâgeneral rule
the trustee	means:	Bankruptcy Act 1966	Bankruptcy Act 1966 - 5 - 30 Persons with a financial interest in the administration of a regulated debtorâs estate
this Act	includes the regulations and the Insolvency Practice Rules .	Bankruptcy Act 1966	Bankruptcy Act 1966 - 5 - 30 Persons with a financial interest in the administration of a regulated debtorâs estate
time fixed	, for compliance with a bankruptcy notice, means the period specified in the notice (as required by subsection 41(2A)).	Bankruptcy Act 1966	Bankruptcy Act 1966 - 5 - 30 Persons with a financial interest in the administration of a regulated debtorâs estate Bankruptcy Act 1966 - 41 Bankruptcy notices Bankruptcy Act 1966 - 1 - 5 Simplified outline of this Schedule
trustee	, in relation to an eligible superannuation plan, means:	Bankruptcy Act 1966	Bankruptcy Act 1966 - 128N Definitions Bankruptcy Act 1966 - 139ZW Definitions
value	, in relation to property referred to in a notice, means the market value of the property when the notice is given.	Bankruptcy Act 1966	Bankruptcy Act 1966 - 139K Definitions