PRIVACY ACT 1988 - SECT 6U Meaning of personal insolvency information

PRIVACY ACT 1988 - SECT 6U

  (1)   Personal insolvency information about an individual is information:

  (a)   that is entered or recorded in the National Personal Insolvency Index; and

  (b)   that relates to:

  (i)   a bankruptcy of the individual; or

  (ii)   a debt agreement proposal given by the individual; or

  (iii)   a debt agreement made by the individual; or

  (iv)   a personal insolvency agreement executed by the individual; or

  (v)   a direction given, or an order made, under section   50 of the Bankruptcy Act that relates to the property of the individual; or

  (vi)   an authority signed under section   188 of that Act that relates to the property of the individual.

  (2)   Despite subparagraph   (1)(b)(i), personal insolvency information about an individual must not relate to:

  (a)   the presentation of a creditor's petition against the individual; or

  (b)   an administration under Part   XI of the Bankruptcy Act of the individual's estate.

  (3)   An expression used in paragraph   (1)(b) or (2)(a) that is also used in the Bankruptcy Act has the same meaning in that paragraph as it has in that Act.