Document ID: chunk:federal_register_of_legislation:C2004A00828:clause:1_87b
Version: federal_register_of_legislation:C2004A00828
Segment Type: clause
Provision Reference: sch 1 cl 87B
Character Range: 18299–19236

87B  When is an individual under insolvency administration?

  An individual is under insolvency administration only if:
 (a) the individual is in any of the following situations under the Bankruptcy Act 1966:
 (i) the individual is a bankrupt in respect of a bankruptcy from which he or she has not been discharged;
 (ii) property of the individual is subject to control under section 50 or Division 2 of Part X of that Act;
 (iii) the individual has, in the previous 3 years, executed a deed of assignment or deed of arrangement under Part X of that Act;
 (iv) creditors of the individual have, in the previous 3 years, accepted a composition under Part X of that Act; or
 (b) the individual is in a situation of a kind referred to in paragraph (a) under the law of an external Territory or a foreign country.

Note: For external Territory and foreign country see sections 17 and 22 respectively of the Acts Interpretation Act 1901.