Text of bill | Explanatory memoranda | Second reading speeches | Proposed amendments | Schedules of amendments | Bills Digest

Bills of previous Parliaments

Although every effort is made to ensure the accuracy of bills homepages, the authoritative sources for verifying the progress of bills are the House of Representatives Votes and Proceedings and the Journals of the Senate.

Bankruptcy Legislation Amendment (Debt Agreements) Bill 2007


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Attorney-General

Summary

Amends the Bankruptcy Act 1966 in relation to the operation of debt agreements under Part IX by providing for: the registration of administrators; proportional payments under an agreement to administrators and creditors; debtors’ proposals to be accepted by a majority in value of creditors; mechanisms to deal with defaulting debtors; and clarifying the operation of the Act in relation to: deregistered administrators; debts covered by an agreement; treatment of secured creditors; and investigative powers of the Inspector-General in Bankruptcy.

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 15/02/07  
Second reading moved 15/02/07  
Second reading agreed to 01/03/07  
Third reading agreed to 01/03/07  
     
Senate
Introduced and read a first time 20/03/07  
Second reading moved 20/03/07  
Second reading agreed to 22/03/07  
Third reading agreed to 22/03/07  
     
Assent 10/04/07 Act no.: 44 - Year: 2007
     

Text of bill

  • First reading

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML
  • Correction to explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)