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Thursday, 21 August 2003
Page: 19306

Mr Murphy asked the Attorney-General, upon notice, on 18 June 2003:

(1) Further to his reply to question No. 1714 (Hansard, 16 June 2003, page 15727), how many people have been made bankrupt on twelve occasions.

(2) What is he doing to amend legislation to stamp out the rorting of the taxation system through the employment of bankruptcy.

Mr Williams (Attorney-General) —The answer to the honourable member's question is as follows:

(1) One person has been made bankrupt on twelve occasions.

(2) As indicated in previous replies to questions, following consideration by an agency taskforce, the Government released an issues paper on possible further changes to bankruptcy and family law to address these issues. The Insolvency and Trustee Service Australia (ITSA) and the Attorney-General's Department (AGD) have recently finalised consultations with interested stakeholders regarding the proposals set out in the issues paper released earlier in the year. ITSA and AGD are considering the views put forward during the consultation process and will brief me in the near future on options to progress this matter.