CTHRepealedAct
Bankruptcy Act 1924
Jurisdiction to make sequestration orderJurisdiction to make sequestration order.
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### Jurisdiction to make sequestration order.
E.B.A., s. 3.
N.S.W., s. 5.
Vic., s. 52.
S.A., Part IV.
W.A., s. 5.
Q., ss. 43, 44.
Tas. s. 7.
54.—(1.) Subject to the provisions hereinafter specified, if a debtor commits an act of bankruptcy the Court may, on a bankruptcy petition being presented either by a creditor or by the debtor, make an order, in this Act called a sequestration order.
(2.) When a sequestration order has been made, the debtor thereby becomes a bankrupt, and continues a bankrupt until an order of discharge has been issued to him or the sequestration order has been annulled.