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Text of bill | Explanatory memoranda | Second reading speeches | Proposed amendments | Schedules of amendments | Bills Digest

Bills of previous Parliaments

Although every effort is made to ensure the accuracy of bills homepages, the authoritative sources for verifying the progress of bills are the House of Representatives Votes and Proceedings and the Journals of the Senate.

Cross-Border Insolvency Bill 2008


Type
Government
Originating house
Senate
Status
Act
Portfolio
Superannuation and Corporate Law

Summary

Implements the Model Law on Cross-Border Insolvency adopted by the United Nations Commission on International Trade Law by: establishing access to local courts by persons administering a foreign insolvency proceeding; establishing conditions for recognition of a foreign insolvency proceeding and granting relief to its participants; permitting participation by foreign creditors in such proceedings; enabling cooperation between courts and practitioners from different countries; enabling coordination of proceedings to take place concurrently in different countries; and empowering the Governor-General to make regulations under the Act.

Progress of bill

For committee reference information, please see the Notes section at the end of this page.

Senate
Introduced and read a first time 13/02/08  
Second reading moved 13/02/08  
Second reading debate 11/03/08  
Second reading agreed to 11/03/08  
Third reading agreed to 11/03/08  
     
House of Representatives
Introduced and read a first time 11/03/08  
Referred to Main Committee 19/03/08  
Second reading moved 20/03/08  
Second reading agreed to 20/03/08  
Reported from Main Committee 13/05/08  
Third reading agreed to 13/05/08  
     
Assent 26/05/08 Act no.: 24 of 2008
     

Text of bill

  • First reading

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes