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Notice given 19 April 2002

Senator Ludwig: To ask the Ministers listed below (Question Nos 274-275)—

(1) How many Part X bankruptcy arrangements, under the Bankruptcy Act 1966 , have been lodged and/or finalised during the 2001-02 financial year.

(2) How much tax revenue has been forgone by the Australian Taxation Office (ATO) through part payments resulting from Part X agreements, under the Act, during the 2001-02 financial year.

(3) Are there any current investigations, by the ATO or the Attorney-General’s Department, into suspect Part X agreements; if so: (a) what is the nature and status of those investigations; and (b) are there any court proceedings pending.

(4) Are there any proposed legislative changes to address possible abuses of Part X agreements under the Act.

(5) How many complaints have been lodged with the ATO or the Attorney-General’s Department in respect of possible Part X abuses under the Act.

274 Minister representing the Treasurer