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Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Bill 2017

2016-2017

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

As passed by both Houses

 

 

 

 

Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Bill 2017

 

No.      , 2017

 

 

 

 

 

A Bill for an Act to amend the law relating to corporations, and for related purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedules............................................................................................ 2

Schedule 1—Amendments                                                                                                 3

Part 1—Safe harbour for insolvent trading                                                         3

Corporations Act 2001                                                                                                3

Part 2—Stay on enforcing rights merely because of arrangements or restructures             11

Corporations Act 2001                                                                                              11

Payment Systems and Netting Act 1998                                                                 29

 

 



A Bill for an Act to amend the law relating to corporations, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act is the Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Act 2017 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

2.  Schedule 1, Part 1

The day after this Act receives the Royal Assent.

 

3.  Schedule 1, Part 2

A single day to be fixed by Proclamation.

However, if the provisions do not commence on or before the later of:

(a) 30 June 2018; and

(b) the last day of the period of 6 months beginning on the day this Act receives the Royal Assent;

they commence on the day after that later day.

 

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3   Schedules

                   Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.