Document ID: chunk:federal_register_of_legislation:F2024C01292:reg:54
Version: federal_register_of_legislation:F2024C01292
Segment Type: reg
Provision Reference: reg 54
Character Range: 71605–72211

54  Prescribed information to be supplied to debtor
 (1) For the purposes of paragraph 185C(2D)(b) of the Act, the following information is prescribed:
 (a) information about alternatives to entering into a debt agreement;
 (b) information about the consequences of making a debt agreement proposal;
 (c) information about sources of financial advice and guidance to persons facing or contemplating entering into a debt agreement;
 (d) a statement that it is an act of bankruptcy for a debtor to give a debt agreement proposal to the Official Receiver.
 (2) The information must be factual and objective.