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Wednesday, 7 October 2020
Page: 6789

Mr TEHAN (WannonMinister for Education) (09:40): I move:

That this bill be now read a second time.

The Bankruptcy (Estate Charges) Amendment (Norfolk Island) Bill will extend the application of the Bankruptcy (Estate Charges) Act 1997 to Norfolk Island.

The bill is consequential to amendments in the Territories Legislation Amendment Bill, which extends the Commonwealth bankruptcy system to Norfolk Island.

The bill will ensure that any insolvencies on Norfolk Island are treated consistently and attract the same estate charges as all other insolvencies administered under the Commonwealth Bankruptcy Act.

Together, the bills will improve provisions for people experiencing bankruptcy and increase protections for creditors. This will ensure that people declared bankrupt on Norfolk Island are treated the same as they would be in the rest of Australia.

Debate adjourned.