Commonwealth Numbered Acts

BANKRUPTCY AMENDMENT ACT 1987 No. 119 of 1987 - SECT 9

9. (1) Section 12 of the Principal Act is amended:

   (a)  by omitting from paragraph (1) (ba) "the conduct, trade dealings,
property and affairs" and substituting " so much of the conduct and examinable
affairs";

   (b)  by omitting subparagraph (1) (ba) (iii) and substituting the
        following:

"(iii) a debtor under a deed of assignment, deed of arrangement, or
composition, under Part X;
as is relevant to the bankruptcy, deed of assignment, scheme or deed of
arrangement, or composition, as the case may be;"; and

   (c)  by inserting after subsection (1A) the following subsection:

"(1BA) The Inspector-General may make an inquiry or investigation under
paragraph (1) (b) or (ba) at any time, whether before or after the end of the
bankruptcy, deed of assignment, scheme or deed of arrangement, composition or
administration concerned.".

(2) The amendments made by subsection (1):

   (a)  apply in relation to a bankrupt in respect of a bankruptcy if, and
        only if, the date of the bankruptcy occurs on or after the day of
        commencement of this section;

   (b)  apply in relation to a bankrupt or debtor under a composition or
        scheme of arrangement under Division 6 of Part IV of the Bankruptcy
        Act 1966 if, and only if, the composition or scheme is approved by the
        Court on or after the day of that commencement; and

   (c)  apply in relation to a debtor under a deed of assignment, deed of
        arrangement, or composition, under Part X of the Bankruptcy Act 1966
        if, and only if, the deed is executed or the composition is accepted,
        as the case may be, on or after the day of that commencement.