Commonwealth Consolidated Acts

BANKRUPTCY ACT 1966 - SECT 139ZIB

    In this Subdivision:

"bankrupt" includes a person who has been discharged from bankruptcy.

"bankrupt to whom the supervised account regime applies" means a bankrupt in respect of whom a determination under subsection   139ZIC(1) is in force.

"constructive income receipt arrangement" means an arrangement the effect of which is that income derived by a bankrupt is not actually received by the bankrupt because it is:

  (a)   reinvested, accumulated or capitalised; or

  (b)   dealt with on behalf of the bankrupt or as the bankrupt directs.

"contribution" means a contribution that a bankrupt is liable to pay under subsection   139P(1) or 139Q(1).

"engage in conduct" means:

  (a)   do an act; or

  (b)   omit to perform an act.

"non-monetary income receipt arrangement" means an arrangement the effect of which is that income derived by a bankrupt is not actually received by the bankrupt in monetary form because it is derived in a non - monetary form.

"reviewable decision" means a decision of the trustee of a bankrupt's estate:

  (a)   to make a subsection   139ZIC(1) determination; or

  (b)   to refuse to revoke a subsection   139ZIC(1) determination; or

  (c)   to specify a period in a supervised account notice for the purposes of subparagraph   139ZIE(1)(a)(ii); or

  (d)   to refuse to specify a period in a supervised account notice for the purposes of subparagraph   139ZIE(1)(a)(ii); or

  (e)   to specify requirements in a supervised account notice for the purposes of subparagraph   139ZIE(1)(a)(ix); or

  (f)   to refuse to exercise the powers conferred by subsection   139ZIEA(1); or

  (g)   to refuse to give a consent under subsection   139ZIG(3), 139ZIH(5), 139ZIHA(5) or 139ZII(3); or

  (h)   to vary a consent given under subsection   139ZIG(3), 139ZIH(5), 139ZIHA(5) or 139ZII(3); or

  (i)   to refuse to vary a consent given under subsection   139ZIG(3), 139ZIH(5), 139ZIHA(5) or 139ZII(3); or

  (j)   to revoke a consent given under subsection   139ZIG(3), 139ZIH(5), 139ZIHA(5) or 139ZII(3).

"supervised account" , in relation to a bankrupt to whom the supervised account regime applies, means an account maintained by the bankrupt in accordance with a supervised account notice that is in force in relation to the bankrupt.

"supervised account notice" has the meaning given by subsection   139ZIE(1).

"withdraw" , in relation to an account, includes:

  (a)   transfer out of; and

  (b)   draw a cheque on; and

  (c)   do any other thing that results in a debit from.