Commonwealth Consolidated Acts

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BANKRUPTCY ACT 1966 - SECT 252

Liability of legal personal representative

  (1)   A payment or transfer of property made by the legal personal representative of a deceased person:

  (a)   after service on him or her of a petition under this Part   in respect of the estate of that person;

  (b)   in a case to which subsection   245(1) applies, after he or she has knowledge of the presentation of a petition against that person; or

  (c)   after a petition is presented under section   247 in respect of the estate of that person;

does not, if an order for the administration of the estate of that person is made under this Part   on that petition, operate as a discharge to the legal personal representative as between himself or herself and the trustee.

  (2)   Except as provided by subsection   (1), nothing in this Part   shall be taken to impose on the legal personal representative of a deceased person any liability for any payment or transfer of property made, or any act or thing done, in good faith by the legal personal representative before an order for administration of the estate of the deceased person is made under this Part.



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