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18 Apr 077 Bankruptcy Super Contributions Bill receives Royal Assent

On 15 April 2007, Bankruptcy Legislation Amendment (Superannuation Contributions) Bill 2006 (renamed Bankruptcy Legislation Amendment (Superannuation Contributions) Act 2007) received Royal Assent as Act No 57 of 2007.

The most significant amendments made by the Act allow bankruptcy trustees to recover superannuation contributions made prior to bankruptcy with the intention to defeat creditors. These amendments will apply to superannuation contributions made on or after 28 July 2006.

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