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BANKRUPTCY ACT 1966 - SECT 185S Validity of things done under a debt agreement that was terminated

BANKRUPTCY ACT 1966 - SECT 185S

Validity of things done under a debt agreement that was terminated

    If a debt agreement is terminated under section   185P, 185Q, 185QA or 185R, anything that was done in good faith under the agreement by a person before the person had notice of the termination:

  (a)   is valid; and

  (b)   cannot be voided by a trustee under section   120, 121 or 122 (whether applying of its own force or under subsection   188A(4)).