Document ID: chunk:federal_register_of_legislation:C2025C00167:section:185h
Version: federal_register_of_legislation:C2025C00167
Segment Type: section
Provision Reference: s 185H
Character Range: 578642–579846

185H  Making a debt agreement
 (1) This section sets out the 2 situations in which a debt agreement is made.

Unconditional debt agreement proposals
 (2) If:
 (a) a debt agreement proposal is accepted; and
 (b) the proposal is not expressed to be subject to the occurrence of a specified event within a specified period after the proposal is accepted;
then:
 (c) the Official Receiver must enter details of the debt agreement concerned on the National Personal Insolvency Index; and
 (d) the debt agreement is made in the terms of the proposal when those details are so entered.
Note: Section 185EC explains how a proposal is accepted.

Conditional debt agreement proposals
 (3) If:
 (a) a debt agreement proposal is accepted; and
 (b) the proposal is expressed to be subject to the occurrence of a specified event within a specified period after the proposal is accepted; and
 (c) the event occurs within that period;
then:
 (d) the Official Receiver must enter details of the debt agreement concerned on the National Personal Insolvency Index; and
 (e) the debt agreement is made in the terms of the proposal when those details are so entered.
Note: Section 185EC explains how a proposal is accepted.