18Notification of circumstances preventing or affecting compliance

18 Notification of circumstances preventing or affecting compliance

(1) A person must notify the Secretary of any circumstance preventing or affecting the person’s capacity to comply with the requirements in a financial improvement agreement that is in force in relation to a person.

Note: For the consequences of failing to comply with this section, see sections 71 and 72.

(2) The person must notify the Secretary under subsection (1) within 14 days of the circumstance occurring. (3) The Secretary may determine, in writing, that this section does not apply if the Secretary is satisfied that in those circumstances it would be unreasonable to expect the person to give the notification.