Document ID: chunk:federal_register_of_legislation:C2016A00011:clause:2_134
Version: federal_register_of_legislation:C2016A00011
Segment Type: clause
Provision Reference: sch 2 cl 134
Character Range: 197916–198460

134  Administration account
If, immediately before the commencement day, a person has an account that complies with the requirements (if any) specified in the old regulations in relation to the administration of:
 (a) an estate of a bankrupt; or
 (b) more than one estate of a bankrupt or bankrupts;
the account is taken on and after the commencement day to be an administration account for the relevant estate for the purposes of section 65‑5 of the Insolvency Practice Schedule (Bankruptcy) and subsection 280(5) of the Bankruptcy Act 1966.