Bankruptcy Amendment (Debt Agreement Reform) Bill 2018

Type: Government
Portfolio: Attorney-General
Originating house: House of Representatives
Status: Act
Parliament no: 45

Summary

Amends the Bankruptcy Act 1966 to reform Australia’s debt agreement system, including by: specifying persons authorised to administer debt agreements and related qualification and registration requirements; specifying arrangements relating to the content, length, variation, termination and voiding of debt agreements; introducing offences relating to the administration of debt agreements; specifying the functions and powers of the Inspector General; modifying requirements in relation to the payment of, and the application process for, unclaimed moneys; and making related technical amendments.

Progress

House of Representatives
Introduced and read a first time	14 Feb 2018
Second reading moved	14 Feb 2018
Second reading debate	28 Feb 2018
Second reading agreed to	28 Feb 2018
Third reading agreed to	28 Feb 2018

Senate
Introduced and read a first time	19 Mar 2018
Second reading moved	19 Mar 2018
Second reading debate	18 Sep 2018
Second reading agreed to	18 Sep 2018
Committee of the Whole debate	18 Sep 2018
Committee of the Whole debate Amendment details: 36 Government agreed to	19 Sep 2018
Third reading agreed to	19 Sep 2018

House of Representatives
Consideration of Senate message Details: House agreed to Senate amendments	19 Sep 2018


Finally passed both Houses	19 Sep 2018
Assent Act no: 118 Year: 2018	27 Sep 2018

Documents and transcripts

Text of bill

First reading

As passed by both Houses

Explanatory memoranda

Explanatory memorandum

Replacement explanatory memorandum

Supplementary explanatory memorandum

Transcript of speeches

Proposed amendments

Senate

Government [sheet JC502]

Schedules of amendments

Schedule of the amendments made by the Senate

Bills digest

Bills Digest

Notes

Referred to Committee (07/12/2017): Senate Legal and Constitutional Affairs Legislation Committee; Committee report (21/03/2018)
Considered by scrutiny committee (21/03/2018): Senate Standing Committee for the Scrutiny of Bills; Scrutiny Digest 5 of 2018
An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)

Helpful information

Text of bill

First reading: Text of the bill as introduced into the Parliament
Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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House of Representatives

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