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Thursday, 21 March 2002
Page: 1846

Mr WILLIAMS (Attorney-General) (10:35 AM) —I move:

That this bill be now read a second time.

The Bankruptcy (Estate Charges) Amendment Bill 2002 is the second and smaller bill in the government's bankruptcy reforms package.

It will address an anomaly in the incidence of the realisations charge and the interest charge.

Registered trustees who are controlling trustees are already subject to those charges.

The bill will impose the charges on solicitors who are controlling trustees.

The bill also will provide for the commencement of the Bankruptcy (Estate Charges) Amendment Act 2001.

This act was enacted last year, but its commencement was linked to the commencement of the Bankruptcy Legislation Amendment Bill 2001, a bill which lapsed when the parliament prorogued before the 2001 federal election.

I commend the bill to the House and present the explanatory memorandum.

Debate (on motion by Mr Sidebottom) adjourned.