Bankruptcy Legislation Amendment (Debt Agreements) Bill 2007

Type
Government
Portfolio
Attorney-General
Originating house
House of Representatives
Status
Act
Parliament no
41
Summary
Amends the
Bankruptcy Act 1966
in relation to the operation of debt agreements under Part IX by providing for: the registration of administrators; proportional payments under an agreement to administrators and creditors; debtors’ proposals to be accepted by a majority in value of creditors; mechanisms to deal with defaulting debtors; and clarifying the operation of the Act in relation to: deregistered administrators; debts covered by an agreement; treatment of secured creditors; and investigative powers of the Inspector-General in Bankruptcy.

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Progress

House of Representatives
Introduced and read a first time 15 Feb 2007
Second reading moved 15 Feb 2007
Second reading agreed to 01 Mar 2007
Third reading agreed to 01 Mar 2007
Senate
Introduced and read a first time 20 Mar 2007
Second reading moved 20 Mar 2007
Second reading agreed to 22 Mar 2007
Third reading agreed to 22 Mar 2007
Assent
  • Act no.: 44
  • Year: 2007
10 Apr 2007

Documents and transcripts

Text of bill

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Explanatory memoranda

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Word Format PDF Format HTML Format

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Notes

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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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