Commonwealth Consolidated Acts

BANKRUPTCY ACT 1966 - SECT 209

    Where:

  (a)   a debtor signs an authority under section   188; and

  (b)   subsequently a personal insolvency agreement is entered into by the debtor or the debtor becomes a bankrupt;

all payments made, acts and things done, transactions entered into and liabilities incurred by the controlling trustee in good faith in exercise of his or her powers under this Part   are binding on the trustee of the personal insolvency agreement or in the bankruptcy, as the case may be.