Document ID: chunk:federal_register_of_legislation:F2020L01668:body:0:p17
Version: federal_register_of_legislation:F2020L01668
Segment Type: other
Provision Reference: 
Character Range: 43570–44854

payment to income ratio (a new debt agreement eligibility requirement). If this instrument is made, these Guidelines will be updated to reflect the relevant amendments becoming operative.
[3] Prior to 27 June 2019, an administrator was not required to be registered if they were nominated as an administrator for five debt agreements or less. From 27 June 2019, this exemption has ceased.
[4] This will serve as a ground for cancellation where the practitioner was registered as a result of an application for registration or renewal made on or after 27 June 2019.
[5] This requirement applies to practitioners who were registered as a result of an application for registration or renewal made on or after 27 June 2019.
[6] Bankruptcy (Registered Debt Agreement Administrator Conditions) Determination 2020.
[7] The failure to hold adequate and appropriate professional indemnity or fidelity insurance, or to be a fit and proper person, are grounds for cancellation of registration where the practitioner was registered as a result of an application for registration or renewal made on or after 27 June 2019.
[8] This will serve as a ground for cancellation where the practitioner was registered as a result of an application for registration or renewal made on or after 27 June 2019.