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Corporations Amendment (Strengthening Protections for Employee Entitlements) Bill 2018


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Corporations Act 2001 to: strengthen enforcement and recovery options to deter and penalise company directors and other persons who engage in, or facilitate, transactions that are aimed at preventing, avoiding or significantly reducing employer liability for employee entitlements in insolvency; enable the recovery of unpaid employee entitlements of an insolvent company from certain entities in limited circumstances; and enable the Australian Securities and Investments Commission to disqualify company directors and other officers (either directly or on application to the Court), where they have a track record of corporate contraventions and inappropriately using the Fair Entitlements Guarantee scheme to pay outstanding employee entitlements; and Corporations (Aboriginal and Torres Strait Islander) Act 2006 to make a consequential amendment.

Progress of bill

For committee reference information, please see the Notes section at the end of this page.

House of Representatives
Introduced and read a first time 20/09/18  
Second reading moved 20/09/18  
Second reading debate 22/10/18  
Second reading debate 24/10/18  
Second reading agreed to 24/10/18  
Third reading agreed to 24/10/18  
     
Senate
Introduced and read a first time 12/11/18  
Second reading moved 12/11/18  
Second reading agreed to 03/04/19  
Third reading agreed to 03/04/19 7 Government agreed to
     
House of Representatives
Consideration of Senate message 04/04/19 Details: House agreed to Senate amendments
     
Finally passed both Houses 04/04/19  
Assent 05/04/19 Act no: 44 - Year: 2019
     

Text of bill

  • First reading

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  • As passed by both Houses

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Explanatory memoranda

  • Explanatory memorandum

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  • Supplementary explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

Senate
  • Government [sheet SH108]

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Schedules of amendments

  • Schedule of the amendments made by the Senate

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Bills Digest



Notes