Second Reading Speeches

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.