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BANKRUPTCY ACT 1966 - SECT 139ZIB

Definitions

                   In this Subdivision:

"bankrupt " includes a person who has been discharged from bankruptcy.

"bankrupt to whom the supervised account regime applies " means a bankrupt in respect of whom a determination under subsection 139ZIC(1) is in force.

"constructive income receipt arrangement " means an arrangement the effect of which is that income derived by a bankrupt is not actually received by the bankrupt because it is:

                     (a)  reinvested, accumulated or capitalised; or

                     (b)  dealt with on behalf of the bankrupt or as the bankrupt directs.

"contribution " means a contribution that a bankrupt is liable to pay under subsection 139P(1) or 139Q(1).

"engage in conduct " means:

                     (a)  do an act; or

                     (b)  omit to perform an act.

"non-monetary income receipt arrangement " means an arrangement the effect of which is that income derived by a bankrupt is not actually received by the bankrupt in monetary form because it is derived in a non-monetary form.

"reviewable decision " means a decision of the trustee of a bankrupt's estate:

                     (a)  to make a subsection 139ZIC(1) determination; or

                     (b)  to refuse to revoke a subsection 139ZIC(1) determination; or

                     (c)  to specify a period in a supervised account notice for the purposes of subparagraph 139ZIE(1)(a)(ii); or

                     (d)  to refuse to specify a period in a supervised account notice for the purposes of subparagraph 139ZIE(1)(a)(ii); or

                     (e)  to specify requirements in a supervised account notice for the purposes of subparagraph 139ZIE(1)(a)(ix); or

                      (f)  to refuse to exercise the powers conferred by subsection 139ZIEA(1); or

                     (g)  to refuse to give a consent under subsection 139ZIG(3), 139ZIH(5), 139ZIHA(5) or 139ZII(3); or

                     (h)  to vary a consent given under subsection 139ZIG(3), 139ZIH(5), 139ZIHA(5) or 139ZII(3); or

                      (i)  to refuse to vary a consent given under subsection 139ZIG(3), 139ZIH(5), 139ZIHA(5) or 139ZII(3); or

                      (j)  to revoke a consent given under subsection 139ZIG(3), 139ZIH(5), 139ZIHA(5) or 139ZII(3).

"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.

"supervised account notice " has the meaning given by subsection 139ZIE(1).

"withdraw " , in relation to an account, includes:

                     (a)  transfer out of; and

                     (b)  draw a cheque on; and

                     (c)  do any other thing that results in a debit from.



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