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.

Progress

House of Representatives
24 Mar 2004	Introduced and read a first time
24 Mar 2004	Second reading moved
12 May 2004	Second reading agreed to
12 May 2004	Consideration in detail debate Amendment details: 3 government amendments agreed to
12 May 2004	Third reading agreed to

Senate
15 Jun 2004	Introduced and read a first time
15 Jun 2004	Second reading moved
17 Jun 2004	Second reading agreed to
17 Jun 2004	Third reading agreed to

23 Jun 2004

Assent

Act no.: 80

Year: 2004

Documents and transcripts

Text of bill

First reading
Third reading

Explanatory memoranda

Explanatory Memorandum
Supplementary Explanatory Memorandum
Revised Explanatory Memorandum

Transcript of speeches

Proposed amendments

House of Representatives
(HoR) Government 1

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest

Back to top

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 the 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.

Back to top

|