Document ID: chunk:federal_register_of_legislation:C2005A00020:clause:2_139zib
Version: federal_register_of_legislation:C2005A00020
Segment Type: clause
Provision Reference: sch 2 cl 139ZIB
Character Range: 33084–35662

139ZIB  Definitions

  In this Subdivision:

bankrupt includes a person who has been discharged from bankruptcy.

bankrupt to whom the supervised account regime applies means a bankrupt in respect of whom a determination under subsection 139ZIC(1) is in force.

constructive income receipt arrangement means an arrangement the effect of which is that income derived by a bankrupt is not actually received by the bankrupt because it is:
 (a) reinvested, accumulated or capitalised; or
 (b) dealt with on behalf of the bankrupt or as the bankrupt directs.

contribution means a contribution that a bankrupt is liable to pay under subsection 139P(1) or 139Q(1).

engage in conduct means:
 (a) do an act; or
 (b) omit to perform an act.

non‑monetary income receipt arrangement means an arrangement the effect of which is that income derived by a bankrupt is not actually received by the bankrupt in monetary form because it is derived in a non‑monetary form.

reviewable decision means a decision of the trustee of a bankrupt's estate:
 (a) to make a subsection 139ZIC(1) determination; or
 (b) to refuse to revoke a subsection 139ZIC(1) determination; or
 (c) to specify a period in a supervised account notice for the purposes of subparagraph 139ZIE(1)(a)(ii); or
 (d) to refuse to specify a period in a supervised account notice for the purposes of subparagraph 139ZIE(1)(a)(ii); or
 (e) to specify requirements in a supervised account notice for the purposes of subparagraph 139ZIE(1)(a)(ix); or
 (f) to refuse to exercise the powers conferred by subsection 139ZIEA(1); or
 (g) to refuse to give a consent under subsection 139ZIG(3), 139ZIH(5), 139ZIHA(5) or 139ZII(3); or
 (h) to vary a consent given under subsection 139ZIG(3), 139ZIH(5), 139ZIHA(5) or 139ZII(3); or
 (i) to refuse to vary a consent given under subsection 139ZIG(3), 139ZIH(5), 139ZIHA(5) or 139ZII(3); or
 (j) to revoke a consent given under subsection 139ZIG(3), 139ZIH(5), 139ZIHA(5) or 139ZII(3).

supervised account, in relation to a bankrupt to whom the supervised account regime applies, means an account maintained by the bankrupt in accordance with a supervised account notice that is in force in relation to the bankrupt.

supervised account notice has the meaning given by subsection 139ZIE(1).

withdraw, in relation to an account, includes:
 (a) transfer out of; and
 (b) draw a cheque on; and
 (c) do any other thing that results in a debit from.

working day, in relation to a bankrupt, means a day that is not a Saturday, Sunday or a public holiday in the place where the bankrupt resides.