Document ID: chunk:federal_register_of_legislation:C2025C00125:section:106ya:p3
Version: federal_register_of_legislation:C2025C00125
Segment Type: section
Provision Reference: s 106YA (pt 3/3)
Character Range: 251840–252943

a time (the discharge time) on or after the bankruptcy date, the unpaid part of those debts (the discharged amount) was discharged because of the operation of section 106O;
then:
 (c) if the bankrupt did not have an accumulated HEC debt immediately before the discharge time—the pre‑bankruptcy part of the bankrupt's accumulated HEC debt is equal to the discharged amount; or
 (d) otherwise—the pre‑bankruptcy part of the bankrupt's accumulated HEC debt is taken to be increased at the discharge time by an amount equal to the discharged amount.
 (10) In this section:
bankrupt has the same meaning as in the Bankruptcy Act.
bankruptcy has the same meaning as in the Bankruptcy Act.
Bankruptcy Act means the Bankruptcy Act 1966.
bankruptcy date, in relation to a bankrupt, means the date of the bankruptcy of the bankrupt (within the meaning of the Bankruptcy Act).
dividend has the same meaning as in the Bankruptcy Act.
pre‑bankruptcy part, in relation to a bankrupt's accumulated HEC debt, has the meaning given by subsections (8) and (9).
provable debt has the same meaning as in the Bankruptcy Act.