Document ID: chunk:federal_register_of_legislation:C2025C00167:section:128a
Version: federal_register_of_legislation:C2025C00167
Segment Type: section
Provision Reference: s 128A
Character Range: 358415–359058

128A  Simplified outline
  The following is a simplified outline of this Subdivision:

         • This Subdivision enables the recovery of superannuation contributions made to defeat the bankrupt's creditors.
         • There are 2 types of recoverable contributions:

                (a) contributions made by a person who later becomes a bankrupt (see section 128B);
                (b) contributions made by a third party for the benefit of a person who later becomes a bankrupt (see section 128C).

         • Superannuation accounts may be frozen for up to 180 days pending the taking of recovery action under section 139ZQ or 139ZU.