Bankruptcy Legislation Amendment Bill 2004

Type
Government
Portfolio
Attorney-General 
Originating house
House of Representatives 
Status
Act 
Parliament no
40
Summary
Introduced with the Bankruptcy (Estate Charges) Amendment Bill 2004, the bill amends the
Bankruptcy Act 1966
  in relation to binding arrangements with creditors as an alternative to bankruptcy by: increasing the disclosure requirements of debtors, creditors and trustees; replacing the three current types of arrangements with a single form of arrangement to be called a personal insolvency agreement; and simplifying the process for setting aside and terminating arrangements; and makes consequential amendments to 16 other Acts; and contains application and transitional provisions. Also amends the:
Bankruptcy Act 1966
  in relation to: related changes to post-bankruptcy compositions and schemes of arrangement; performance standards of registered trustees; creditors’ voting documents; notice of meetings; and to make technical amendments; and the
Bankruptcy Legislation Amendment Act 2002
  to: correct a drafting error; and validate past acts. 

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Progress

House of Representatives
24 Mar 2004Introduced and read a first time
24 Mar 2004Second reading moved
12 May 2004Second reading agreed to
12 May 2004Consideration in detail debate

Amendment details: 3 government amendments agreed to
12 May 2004Third reading agreed to
Senate
15 Jun 2004Introduced and read a first time
15 Jun 2004Second reading moved
17 Jun 2004Second reading agreed to
17 Jun 2004Third reading agreed to


23 Jun 2004Assent

Act no.: 80

Year: 2004

Documents and transcripts

Text of bill

Word Format PDF Format
Word Format PDF Format

Explanatory memoranda

Word Format PDF Format
Word Format PDF Format
Word Format PDF Format

Transcript of speeches

Proposed amendments

House of Representatives
Word Format PDF Format

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest PDF Format

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Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changed to the bill. For details about the outcome of proposed amendments please refer to either theĀ Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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