Second Reading Speeches

Bankruptcy Amendment (Exceptional Circumstances Exit Package) Bill 2011

Type
Private
Sponsor(s)
XENOPHON, Sen Nick
Originating house
Senate
Status
Not Proceeding
Parliament no
43

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Summary

Amends the Bankruptcy Regulations 1996 to provide that payments made under the Exceptional Circumstances Exit Package on or after 1 July 2010 are exempt from bankruptcy proceedings where a final order in bankruptcy has not been finalised by the courts or the debts paid.

We acknowledge the traditional owners and custodians of country throughout Australia and acknowledge their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the elders past, present and emerging.

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