Document ID: chunk:federal_register_of_legislation:C2007A00044:clause:2_185lf
Version: federal_register_of_legislation:C2007A00044
Segment Type: clause
Provision Reference: sch 2 cl 185LF
Character Range: 55642–56484

185LF  Succession of administrator

Scope

 (1) This section applies if:
 (a) a person (the earlier administrator) ceases to be the administrator of a debt agreement; and
 (b) another person (the later administrator) becomes the administrator of the debt agreement in place of the earlier administrator.

Duty

 (2) The earlier administrator must:
 (a) prepare an account of:
 (i) money received by the earlier administrator from the debtor in relation to the debt agreement; and
 (ii) payments made by the earlier administrator in relation to the debt agreement; and
 (b) keep a copy of the account; and
 (c) give the later administrator:
 (i) a copy of the account; and
 (ii) a copy of any other accounts the earlier administrator received from a person who was the administrator of the debt agreement before the earlier administrator.