Document ID: chunk:federal_register_of_legislation:C2007A00044:clause:2_185qa
Version: federal_register_of_legislation:C2007A00044
Segment Type: clause
Provision Reference: sch 2 cl 185QA
Character Range: 67773–68377

185QA  Terminating a debt agreement—designated 6‑month arrears default

 (1) If:
 (a) the administrator of a debt agreement notifies the Official Receiver that a designated 6‑month arrears default by the debtor has occurred; and
 (b) the Official Receiver is satisfied that the designated 6‑month arrears default has occurred;
the Official Receiver must:
 (c) declare in writing that the agreement is terminated; and
 (d) record the declaration on the National Personal Insolvency Index.

 (2) The debt agreement is terminated when the declaration is recorded on the National Personal Insolvency Index.