BANKRUPTCY ACT 1966 - SECT 224 Validity of acts if personal insolvency agreement set aside or terminated
BANKRUPTCY ACT 1966 - SECT 224
Validity of acts if personal insolvency agreement set aside or terminated(1) This section applies if a personal insolvency agreement is:
(a) set aside by the Court; or
(2) All payments made, acts and things done and transactions entered into in good faith under, or for the purposes of, the agreement by:
(a) the trustee; or
before he or she had notice of the order of the Court or of the termination of
the agreement, as the case may be, are valid and effectual and are not liable
to be set aside by the trustee of a later personal insolvency agreement or in
a subsequent bankruptcy.