Document ID: chunk:federal_register_of_legislation:C2015C00053:clause:2_5
Version: federal_register_of_legislation:C2015C00053
Segment Type: clause
Provision Reference: sch 2 cl 5
Character Range: 144248–145993

5     a debt agreement that ends under section 185N of the Bankruptcy Act                                                         (a) the period of 5 years that starts on the day on which the agreement is made;
                                                                                                                                  (b) the period that ends on the day on which the agreement ends.

Debt agreement proposals
 (2) If personal insolvency information relates to a debt agreement proposal, the retention period for the information is the period that ends on the day on which:
 (a) the proposal is withdrawn; or
 (b) the proposal is not accepted under section 185EC of the Bankruptcy Act; or
 (c) the acceptance of the proposal for processing is cancelled under section 185ED of that Act; or
 (d) the proposal lapses under section 185G of that Act.

Control of property
 (3) If personal insolvency information relates to a direction given, or an order made, under section 50 of the Bankruptcy Act, the retention period for the information is the period that ends on the day on which the control of the property to which the direction or order relates ends.
Note: See subsection 50(1B) of the Bankruptcy Act for when the control of the property ends.
 (4) If the personal insolvency information relates to an authority signed under section 188 of the Bankruptcy Act, the retention period for the information is the period that ends on the day on which the property to which the authority relates is no longer subject to control under Division 2 of Part X of that Act.

Interpretation
 (5) An expression used in this section that is also used in the Bankruptcy Act has the same meaning in this section as it has in that Act.