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Friday, 4 March 1927


Senator McLACHLAN (South Australia) (Honorary Minister) . - This clause appears to be somewhat complex, but, after consideration, I think honorable senators will find that it is simplicity itself. Section 84 provides for the priority of the payment of certain claims on the estate of a bankrupt. The priority is subject, amongst other things, to section 112, which provides, in connexion with the declaration and distribution of dividends, for the retention of such sums as are necessary for the cost of administration or other wise, but it does not provide for the necessary priority in payment of administration expenses. Some of the costs of administration should have priority over others, and statutory authority is required to effect this by regulation. The provision safeguarding the payment of the expenses of trustees under deeds of assignment and deeds of arrangement which may be declared void is now made in a proposed new clause 9. Paragraphs b to g inclusive are consequential amendments.

Clause agreed to.

Clause 9 agreed to.

Clause 10 (Protection of electrical apparatus).







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