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Thursday, 24 June 2010
Page: 6575


Mr MARLES (Parliamentary Secretary for Innovation and Industry) (1:56 PM) —I move:

That the amendments be agreed to.

There are seven government amendments to the Bankruptcy Legislation Amendment Bill 2009. Government amendments (1) through (3) increase the thresholds for issuing bankruptcy notices, creditors’ petitions and petitions for the administration of deceased estates in bankruptcy from $2,000 to $5,000. Government amendment (4) will increase the period of effect of a declaration of intent to file a debtor’s petition from seven days to 21 days. Government amendments (5), (6) and (7) reflect the government’s decision not to progress an amendment that would have increased the income asset and debt thresholds for entering into debt agreements to make debt agreements more widely available.

Question agreed to.