Commonwealth Consolidated Acts

BANKRUPTCY ACT 1966 - SECT 185LA

  (1)   The duties of an administrator of a debt agreement include:

  (a)   dealing with the debtor's property in the manner specified in the debt agreement; and

  (b)   giving information about the administration of the debt agreement to the debtor if the debtor makes a reasonable request for the information; and

  (c)   giving information about the administration of the debt agreement to a creditor who:

  (i)   is a party to the debt agreement; and

  (ii)   makes a reasonable request for the information; and

  (d)   considering whether the debtor has committed an offence against this Act; and

  (e)   referring to the Inspector - General or to relevant law enforcement authorities any evidence of an offence by the debtor against this Act.

  (2)   An administrator of a debt agreement has a duty not to be reimbursed for expenses the administrator incurred in administering the debt agreement unless those expenses are of a kind specified in the relevant debt agreement proposal as mentioned in subsection   185C(3B).

  (3)   If an administrator of a debt agreement signs a certificate under paragraph   185M(1DB)(a) or subsection   185M(1F) in relation to a proposal to vary the agreement, the administrator has a duty to ensure that the certificate is correct.