Australian Capital Territory Repealed Acts

This legislation has been repealed.

PROCEEDS OF CRIME ACT 1991 NO 103 (REPEALED) - SECT 57

    (1)         Where, after the public trustee has been directed by an order under section 53 (1) or (2) to pay an amount to the Territory out of property of a person, the public trustee is given written notice of the presentation of a creditor's petition against the person, the public trustee—

        (a)     shall refrain from taking action to sell the property under any direction to do so contained in an order under section 53; and

        (b)     shall not pay any money under the direction to do so contained in the firstmentioned order;

until the petition has been dealt with by a bankruptcy court, has been withdrawn or has lapsed.

    (2)         Where, after the public trustee has been directed by an order under section 53 (1) or (2) to pay an amount to the Territory out of property of a person, the public trustee is given notice in writing of the reference to a bankruptcy court of a debtor's petition against the person, the public trustee—

        (a)     shall refrain from taking action to sell the property under any direction to do so contained in an order under section 53; and

        (b)     shall not pay any money under the direction to do so contained in the firstmentioned order;

until the petition has been dealt with by a bankruptcy court.

    (3)         In this section:

"bankruptcy court" means a court having jurisdiction in bankruptcy under the Bankruptcy Act.