in relation to a declaration of intention presented by a debtor, a copy of the declaration signed by the Official Receiver who accepted it is produced to a person who is entitled under a law of the Commonwealth, of a State, or of a Territory of the Commonwealth:
(a) to retain or deduct money from money payable or owing, or to become payable or owing, to the debtor; and
(b) to apply the retained or deducted money toward discharging a frozen debt owed by the debtor to any person;
subsections (2) and (3) apply.
(2) The person shall, throughout the remainder of that period:
(a) refrain from so retaining or deducting money; and
(b) refrain from paying to a person (other than the debtor), or otherwise applying, money that was so retained or deducted before the signed copy was produced to the person.
(3) Nothing in this section affects a person’s liability to pay money to the debtor.
54J Extension of time where this Division prevents the doing of an act
Where, throughout a particular period, this Division prevents the doing of a particular act, that period shall be disregarded in determining, for the purposes of any law, agreement or instrument, whether or not that act has been done within a particular period or before a particular time.
54K Section 33 not to apply to this Division
Nothing in section 33 permits the extension or abridgment of a period or time limited by this Division.
54L Secured creditor’s rights under security not affected
Nothing in this Division affects the right of a secured creditor to realise or otherwise deal with the creditor’s security.
Division 3 Debtors’ petitions
55 Debtor’s petition
(1) Subject to this section, a debtor may present to the Official Receiver a petition against himself or herself.
(2) A petition presented by a debtor under this section:
(a) shall be in accordance with the approved form; and
(b) shall be accompanied by a statement of the debtor’s affairs and a copy of that statement.
(2A) The Official Receiver must reject a debtor’s petition unless, at the time when the petition is presented, the debtor:
(a) was personally present or ordinarily resident in Australia; or
(b) had a dwelling-house or place of business in Australia; or
(c) was carrying on business in Australia, either personally or by means of an agent or manager; or
(d) was a member of a firm or partnership carrying on business in Australia by means of a partner or partners or of an agent or manager.
(3) The Official Receiver may reject a debtor’s petition if:
(a) the petition does not comply substantially with the approved form; or
(b) the petition is not accompanied by a statement of affairs; or
(c) the Official Receiver thinks that the statement of affairs accompanying the petition is inadequate.
(3AA) The Official Receiver may reject a debtor’s petition (the current petition) if:
(a) it appears from the information in the statement of affairs (and any additional information supplied by the debtor) that, if the debtor did not become a bankrupt, the debtor would be likely (either immediately or within a reasonable time) to be able to pay all the debts specified in the statement of affairs; and
(b) at least one of the following applies:
(i) it appears from the information in the statement of affairs (and any additional information supplied by the debtor) that the debtor is unwilling to pay one or more debts to a particular creditor or creditors, or is unwilling to pay creditors in general;
(ii) before the current petition was presented, the debtor previously became a bankrupt on a debtor’s petition at least 3 times, or at least once in the period of 5 years before presentation of the current petition.
(3AB) The Official Receiver is not required to consider in each case whether there is a discretion to reject under subsection (3AA).
(3AC) The debtor may apply to the Administrative Appeals Tribunal for the review of a decision by the Official Receiver to reject a petition under subsection (3AA).
(3A) Before accepting a debtor’s petition the Official Receiver must give the debtor the information prescribed by the regulations.
(3B) The Official Receiver must refer a debtor’s petition to the Court for a direction to accept or reject it if there is a creditor’s petition pending against a group of debtors (whether they are joint debtors or members of a partnership) that includes the debtor against whom the debtor’s petition is presented.
Example 1: When Anna presents a debtor’s petition against herself, there is a creditor’s petition pending against Anna and Tim as joint debtors. The Official Receiver must refer the debtor’s petition to the Court.
Example 2: When Peter presents a debtor’s petition against himself, there are 2 creditor’s petitions pending against him alone. The Official Receiver is not required to refer the debtor’s petition to the Court, because Peter does not form a group by himself.
(3C) If the Court directs the Official Receiver to accept the debtor’s petition, the Court must specify the time of the commencement of the bankruptcy that results from acceptance of the debtor’s petition.
(4) The Official Receiver must accept a debtor’s petition, unless the Official Receiver rejects it under this section or is directed by the Court to reject it.
(4A) Where the Official Receiver accepts a petition presented under this section:
(a) he or she shall endorse the petition accordingly; and
(b) upon the Official Receiver endorsing the petition, the debtor who presented the petition becomes a bankrupt by force of this section and by virtue of presentation of the petition.
(5) If a registered trustee is the trustee of the estate of a debtor who becomes a bankrupt under this section, the Official Receiver must:
(a) notify the trustee of the bankruptcy; and
(b) give the trustee a copy of the statement of affairs that accompanied the debtor’s petition.
(5A) A debtor who is a party (as debtor) to a debt agreement must not present a debtor’s petition unless the Court gives the debtor permission to do so.
(6) A debtor who has executed a personal insolvency agreement is not, except with the leave of the Court, entitled to present a petition against himself or herself unless:
(a) the agreement has been set aside; or
(b) the agreement has been terminated; or
(c) all the obligations that the agreement created have been discharged.
(6A) A debtor in relation to whom a stay under a proclaimed law applies is not, except with the leave of the Court, entitled to present a petition against himself or herself.
(7) Where a petition is presented by a debtor against himself or herself in contravention of subsection (5A), (6) or (6A), the debtor does not become a bankrupt by virtue of its presentation.
(8) A person who becomes a bankrupt by force of this section continues to be a bankrupt until:
(a) he or she is discharged by force of subsection 149(1); or
(b) his or her bankruptcy is annulled by force of subsection 74(5) or 153A(1) or under section 153B.
(9) A person who states in writing that he or she is a creditor of a bankrupt who