Document ID: chunk:federal_register_of_legislation:F2024C01292:clause:3_34
Version: federal_register_of_legislation:F2024C01292
Segment Type: clause
Provision Reference: sch 3 cl 34
Character Range: 206703–207318

34  At the end of section 134
Add:
 (4) If a personal insolvency agreement provides for the business of the debtor to be assigned to the trustee, the agreement may:
 (a) authorise the trustee to carry on a business of a debtor; and
 (b) specify the period during which, and the conditions (if any) subject to which, the trustee may carry on the business.
 (5) The creditors may vary or terminate an authority under subsection (4) by passing a special resolution to that effect at a meeting.
 (6) This section extends only in relation to property of the debtor that is subject to the personal insolvency agreement.