Document ID: chunk:federal_register_of_legislation:C2004A00599:clause:1_1
Version: federal_register_of_legislation:C2004A00599
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 2884–4022

1  Subsection 4(1)
Insert:

insolvent under administration means a person who:
 (a) under the Bankruptcy Act 1966 or the law of an external Territory, is a bankrupt in respect of a bankruptcy from which the person has not been discharged; or
 (b) under the law of an external Territory or the law of a foreign country, has the status of an undischarged bankrupt;
and includes:
 (c) a person any of whose property is subject to control under:
 (i) section 50 or Division 2 of Part X of the Bankruptcy Act 1966; or
 (ii) a corresponding provision of the law of an external Territory or the law of a foreign country; or
 (d) a person who has, at any time during the preceding 3 years, executed a deed of assignment or a deed of arrangement under:
 (i) Part X of the Bankruptcy Act 1966; or
 (ii) the corresponding provisions of the law of an external Territory or the law of a foreign country; or
 (e) a person whose creditors have, within the preceding 3 years, accepted a composition under:
 (i) Part X of the Bankruptcy Act 1966; or
 (ii) the corresponding provisions of the law of an external Territory or the law of a foreign country.