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Bankruptcy Amendment (Debt Agreement Reform) Bill 2018

Type
Government
Portfolio
Attorney-General
Originating house
House of Representatives
Status
Act
Parliament no
45

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Summary

Amends the Bankruptcy Act 1966 to reform Australia’s debt agreement system, including by: specifying persons authorised to administer debt agreements and related qualification and registration requirements; specifying arrangements relating to the content, length, variation, termination and voiding of debt agreements; introducing offences relating to the administration of debt agreements; specifying the functions and powers of the Inspector General; modifying requirements in relation to the payment of, and the application process for, unclaimed moneys; and making related technical amendments.

Progress

House of Representatives
Introduced and read a first time 14 Feb 2018
Second reading moved 14 Feb 2018
Second reading debate 28 Feb 2018
Second reading agreed to 28 Feb 2018
Third reading agreed to 28 Feb 2018
Senate
Introduced and read a first time 19 Mar 2018
Second reading moved 19 Mar 2018
Second reading debate 18 Sep 2018
Second reading agreed to 18 Sep 2018
Committee of the Whole debate 18 Sep 2018
Committee of the Whole debate
  • Amendment details: 36 Government agreed to
19 Sep 2018
Third reading agreed to 19 Sep 2018
House of Representatives
Consideration of Senate message
  • Details: House agreed to Senate amendments
19 Sep 2018
Finally passed both Houses 19 Sep 2018
Assent
  • Act no: 118
  • Year: 2018
27 Sep 2018

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

Senate

Schedules of amendments

Bills digest

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.

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