INTERPRETATION ACT 1984 - SECT 13D

INTERPRETATION ACT 1984 - SECT 13D

13D .         Bankrupt and related expressions, references to

        (1)         A reference in a written law to a person being a bankrupt means that the person is a bankrupt as defined in the Bankruptcy Act 1966 (Commonwealth) or has a substantially similar status under a law applicable in a place where that Act does not apply.

        (2)         A reference in a written law to a person being a bankrupt or a person whose affairs are under insolvency laws means that —

            (a)         the person is a bankrupt as described in subsection (1); or

            (b)         the person is a party, as a debtor, to a debt agreement under the Bankruptcy Act 1966 (Commonwealth); or

            (c)         the person has, as a debtor, entered into a personal insolvency agreement under Part X of the Bankruptcy Act 1966 (Commonwealth) and obligations created by the agreement remain to be discharged; or

            (d)         the person has not yet entered a personal insolvency agreement under Part X of the Bankruptcy Act 1966 (Commonwealth) but has authorised a controlling trustee to perform functions under that Part,

                or that the person has a substantially similar status under a law applicable in a place where the Bankruptcy Act 1966 (Commonwealth) does not apply.

        [Section 13D inserted: No. 18 of 2009 s. 5.]