Courts and Civil Law (Miscellaneous Provisions) Act 2013
|
Amendment of section 17 of Personal Insolvency Act 2012 | ||
|
| ||
39. Section 17 of the Personal Insolvency Act 2012 is amended by the substitution of the following subsections for subsection (2): | ||
“(2) Subject to subsection (2A), the Insolvency Service shall keep in such form and in respect of such accounting periods as may be approved of by the Minister, with the consent of the Minister for Public Expenditure and Reform, all proper and usual accounts— | ||
(a) of moneys received and spent by the Insolvency Service, including an income and expenditure account and a balance sheet, and | ||
(b) relating to the functions of the Official Assignee under the Bankruptcy Act 1988 or any other enactment. | ||
(2A) Accounts which are required to be maintained by the Official Assignee under the Bankruptcy Act 1988 in relation to the estates of bankrupts or in respect of unclaimed dividends shall be kept in such a manner that monies or securities or interest accrued or earned thereon in relation to the estates of bankrupts or unclaimed dividends are not intermingled with monies otherwise held by the Insolvency Service.”. |