Report: Bankruptcy Amendment (Enterprise Incentives) Bill 2017, Bankruptcy Amendment (Debt Agreement Reform) Bill 2018 [Provisions]

16 April 2018

© Commonwealth of Australia 2018
ISBN 978-1-76010-735-2

View the report as a single document - (PDF 328KB)

View the report as separate downloadable parts:

Members of the committee
(PDF 28KB)
(PDF 20KB)
Chapter 1 - Introduction and background
(PDF 52KB)

Conduct of the inquiry
Bankruptcy verses debt agreements
Purpose of the bills
Key provisions of the bills
Reports of other committees
Report outline
References to the Hansard transcript

Chapter 2 - Key concerns regarding the BAEI bill
(PDF 103KB)

Will the bill succeed in fostering entrepreneurship and reducing stigma?
Reduction of the default period
Lack of anti-abuse provisions
Income contribution obligations
Impact on debt agreement regime and other alternatives under the Act
Inconsistency with other laws requiring financial reporting
Other issues

Chapter 3 - Key concerns regarding the BADAR bill
(PDF 112KB)

Debt agreement administrators
Three year limit
Payment to income ratio
Doubling of asset threshold
Restriction on voting
Increase to the number of bankruptcies

Chapter 4 - Committee view
(PDF 36KB)

BAEI bill

Appendix 1 - Public Submissions
(PDF 20KB)
Appendix 2 - Public hearings and witnesses
(PDF 10KB)

For further information, contact:

Julie Dennett
Committee Secretary
Senate Standing Committees on Legal and Constitutional Affairs
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3560
Fax: +61 2 6277 5794

Committee Secretariat contact:

Committee Secretary
Senate Legal and Constitutional Affairs Committee
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3560