Commonwealth Consolidated Acts

BANKRUPTCY ACT 1966 - SECT 153B

             (1)  If the Court is satisfied that a sequestration order ought not to have been made or, in the case of a debtor's petition, that the petition ought not to have been presented or ought not to have been accepted by the Official Receiver, the Court may make an order annulling the bankruptcy.

             (2)  In the case of a debtor's petition, the order may be made whether or not the bankrupt was insolvent when the petition was presented.