Commonwealth Consolidated Acts

BANKRUPTCY ACT 1966 - SECT 185QA

             (1)  If:

                     (a)  the administrator of a debt agreement notifies the Official Receiver that a designated 6‑month arrears default by the debtor has occurred; and

                     (b)  the Official Receiver is satisfied that the designated 6‑month arrears default has occurred;

the Official Receiver must:

                     (c)  declare in writing that the agreement is terminated; and

                     (d)  record the declaration on the National Personal Insolvency Index.

             (2)  The debt agreement is terminated when the declaration is recorded on the National Personal Insolvency Index.