Commonwealth Numbered Acts Commonwealth Numbered ActsRepeal the paragraphs, substitute:
(b) subsection 231(5) (which applies section 169
to a personal insolvency agreement);
2 Paragraph 6(1)(c)
Repeal the paragraph, substitute:
(c) is the trustee of a personal insolvency agreement
executed in relation to a debtor under Part X of the Bankruptcy Act 1966
; or
3 Subsection 6(1A)
Omit "deed", substitute "personal insolvency agreement".
Part 2—Transitional provisions
4 Transitional
(1) In this item:
post-commencement composition means a composition that was
accepted after the commencement of this item by a special resolution of a
meeting of creditors under section 204 of the Bankruptcy Act 1966 as
that section continues to apply because of item 213 of Schedule 1 to
the Bankruptcy Legislation Amendment Act 2004 .
"post-commencement deed"
means a deed of assignment or a deed of arrangement that was executed after
the commencement of this item by a debtor and a trustee under Part X of
the Bankruptcy Act 1966 as that Part continues to apply because of
item 213 of Schedule 1 to the
Bankruptcy Legislation Amendment Act 2004 .
"pre-commencement composition"
has the same meaning as in item 212 of Schedule 1 to the
Bankruptcy Legislation Amendment Act 2004 .
"pre-commencement deed" has the
same meaning as in item 212 of Schedule 1 to the
Bankruptcy Legislation Amendment Act 2004 .
(2) Despite the amendment made by item 1 of this Schedule, section 5 of the Bankruptcy (Estate Charges) Act 1997 continues to apply, in relation to an amount to which a person is entitled because the person is:
(a) the trustee
of a pre-commencement deed; or
(b) the trustee of a pre-commencement composition; or
(c) the trustee of a post-commencement deed; or
(d) the trustee of a post-commencement composition;
as if that amendment had not been made.
(3) Despite the amendments made by items 2 and 3 of this Schedule, Part 3 of the Bankruptcy (Estate Charges) Act 1997 continues to apply, in relation to an amount received by a person because the person is:
(a) the
trustee of a pre-commencement deed; or
(b) the trustee of a pre-commencement composition; or
(c) the trustee of a post-commencement deed; or
(d) the trustee of a post-commencement composition;
as if those amendments had not been made.