CTHIn ForceAct
Bankruptcy Act 1966
Part 5body corporate has the same meaning as in the Corporations Act 2001.
Start here
Get a plain-English read of Part 5
Turn the raw legal text into a practical explanation grounded in Bankruptcy Act 1966.
Chapter 5 body corporate has the same meaning as in the Corporations Act 2001.
debt agreement activities of a company means the activities of the company in connection with:
(a) debt agreement proposals for which the company is to be the administrator; and
(b) debt agreements for which the company is the administrator.
designated 6‑month arrears default has the meaning given by subsection 185LC(3).
frozen debt means a debt that:
(a) is owed by a debtor who has given a debt agreement proposal that has been accepted by the Official Receiver for processing; and
(b) would be a provable debt in relation to the proposed debt agreement if it were made;
but does not include a debt arising under a maintenance agreement or maintenance order (whenever entered into or made).
proposed administrator, in relation to a debt agreement proposal, means the person specified under paragraph 185C(2)(c).
provable debt, in relation to a debt agreement, means a debt that would have been provable in bankruptcy if the debtor had become a bankrupt when the acceptance of the relevant debt agreement proposal for processing was recorded in the National Personal Insolvency Index.
registered debt agreement administrator means a person who is registered under section 186D as a debt agreement administrator.