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Wednesday, 31 August 1960

Sir GARFIELD BARWICK (PARRAMATTA, NEW SOUTH WALES) (Attorney-General) - A highly qualified technical committee has been working on a review of the Bankruptcy Act for some time and I have asked the committee on several occasions to do what it can to expedite completion of its investigations. The particular matter to which the honorable member has referred - the minimum sum which will support a bankruptcy notice and, therefore, a bankruptcy petition - has engaged my attention ,and, at my request, the attention of the committee. I agree with the honorable member that the bankruptcy process should not be used merely as a debt-collecting mechanism, and that the minimum of £50 is probably far too low. I understand that the committee will be making some recommendations on this point, but I am bound to tell the House that I do not expect its report this year.

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