600. Adjustment between earlier and later bankrupt estates.

600.     Adjustment between earlier and later bankrupt estates.

Where a bankruptcy order is made against an undischarged bankrupt, then, with effect from the commencement of the later bankruptcy1:

  1.  

    (1)     any property which is vested in the existing trustee2 as after-acquired property3;

  2.  

    (2)     any money paid to the existing trustee in pursuance of an income payments order4; and

  3.  

    (3)     any property or money which is, or in the hands of the existing trustee represents, the proceeds of sale or application of property or money falling within head (1) or head (2) above,

which, immediately before the commencement of that