Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Bill 2017

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
45

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Summary

Amends the: Corporations Act 2001 to: create a safe harbour for company directors from personal liability for insolvent trading if the company is undertaking a restructure outside formal insolvency; and Corporations Act 2001 and Payment Systems and Netting Act 1998 to make certain contractual rights unenforceable while a company is restructuring under certain formal insolvency processes.

Progress

House of Representatives
Introduced and read a first time 01 Jun 2017
Second reading moved 01 Jun 2017
Second reading debate 22 Jun 2017
Second reading agreed to 22 Jun 2017
Third reading agreed to 22 Jun 2017
Senate
Introduced and read a first time 22 Jun 2017
(After Midnight)
Second reading moved 22 Jun 2017
(After Midnight)
Second reading debate 11 Sep 2017
Second reading agreed to 11 Sep 2017
Committee of the Whole debate
  • Amendment details: 20 Government and 1 Opposition agreed to
11 Sep 2017
Third reading agreed to 11 Sep 2017
House of Representatives
Message from Senate reported 12 Sep 2017
Consideration of Senate message
  • Details: House agreed to Senate amendments
12 Sep 2017
Finally passed both Houses 12 Sep 2017
Assent
  • Act no: 112
  • Year: 2017
18 Sep 2017

Documents and transcripts

Text of bill

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Explanatory memoranda

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Proposed amendments

Senate

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Schedules of amendments

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Bills digest

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Notes

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 changes 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.