Commonwealth Consolidated Acts

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Financial affairs of a natural person

    For the purposes of this Act, the financial affairs of a natural person include:

  (a)   the person's operations and state of affairs;

  (b)   any act or thing done (including any contract made and any transaction entered into) by or on behalf of the person, or to or in relation to the person or his or her business or property, at a time when:

  (i)   the person was, under this Act or the law of an external Territory, a bankrupt in respect of a bankruptcy from which the person had not been discharged;

  (ii)   the person had, under the law of an external Territory or the law of a country other than Australia, the status of an undischarged bankrupt;

  (iii)   the property of the person was subject to control under Division   2 of Part   X by reason of an authority given by the person under section   188; or

  (iv)   a personal insolvency agreement under Part   X or under the corresponding provisions of a law of an external Territory or a country other than Australia was in effect in relation to the person or the person's property;

  (c)   without limiting the generality of paragraph   (b), any conduct of the trustee of such a bankrupt estate or of such a personal insolvency agreement or a person acting under such an authority; and

  (d)   matters concerned with ascertaining the persons with whom the person is or has been associated.

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