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Bills of the current Parliament

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.

Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Bill 2017


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Corporations Act 2001 to: create a safe harbour for company directors from personal liability for insolvent trading if the company is undertaking a restructure outside formal insolvency; and Corporations Act 2001 and Payment Systems and Netting Act 1998 to make certain contractual rights unenforceable while a company is restructuring under certain formal insolvency processes.

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 01/06/17  
Second reading moved 01/06/17  
Second reading debate 22/06/17  
Second reading agreed to 22/06/17  
Third reading agreed to 22/06/17  
     
Senate
Introduced and read a first time 22/06/17
(after midnight)
 
Second reading moved 22/06/17
(after midnight)
 
Second reading debate 11/09/17  
Second reading agreed to 11/09/17  
Committee of the Whole debate 11/09/17 Amendment details: 20 Government and 1 Opposition agreed to
Third reading agreed to 11/09/17  
     
House of Representatives
Message from Senate reported 12/09/17  
Consideration of Senate message 12/09/17 Details: House agreed to Senate amendments
     
Finally passed both Houses 12/09/17  
Assent 18/09/17 Act no: 112 - Year: 2017
     

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

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Second reading speeches


Proposed amendments

Senate
  • Government [sheet GZ221]

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  • Opposition [sheet 8239]
GALLAGHER, Sen Katy

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  • Opposition [sheet 8224]
GALLAGHER, Sen Katy

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Schedules of amendments

  • Schedule of the amendments made by the Senate

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Bills Digest



Notes
  • Referred to Committee (15/06/2017): Senate Economics Legislation Committee; Committee report (08/08/2017)
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)