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Wednesday, 24 March 2004
Page: 27006

Mr RUDDOCK (Attorney-General) (9:13 AM) —I move:

That this bill be now read a second time.

The Bankruptcy (Estate Charges) Amendment Bill 2004 (the bill) will make a number of minor changes to the Bankruptcy (Estate Charges) Act 1997.

These changes are necessary only to reflect the repeal of the three types of administrations and the proposed introduction of personal insolvency agreements under part X of the Bankruptcy Act 1966.

The amendments to part X are contained in the Bankruptcy Legislation Amendment Bill 2004.

The amendments proposed by this bill will ensure that the interest charge and realisations charge apply to amounts received by trustees of personal insolvency agreements and represent no change in policy.

I present a brief explanatory memorandum.

Debate (on motion by Mr Kelvin Thomson) adjourned.