Commonwealth Consolidated Acts

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BANKRUPTCY ACT 1966 - SECT 139EA

Order relating to increase in value of property of natural person

    If, on an application under section   139A for an order in relation to a respondent entity that is a natural person, the Court is satisfied that:

  (a)   during the examinable period, the value of the entity's interest in particular property increased as a direct or indirect result of financial contributions made by the bankrupt during that period; and

  (b)   the bankrupt used, or derived (whether directly or indirectly) a benefit from, the property at a time or times during the examinable period;

the Court may, by order, direct the entity to pay to the applicant a specified amount not exceeding the amount by which the value of the entity's interest in the property increased as a result of the financial contributions made by the bankrupt.



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