Commonwealth Consolidated Acts Commonwealth Consolidated Acts(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.