Explanatory Memorandum
Circulated By Authority of the Attorney-General, the Honourable Robert Mcclelland MPSECTION 3 - notes on sections
Section 1 - Short Title
17. The Bankruptcy Legislation Amendment Bill 2009 (the Bill) proposes amendments to the Bankruptcy Act 1966. Section 1 of the Bill provides that, when the Bill has been enacted, it will be known as the Bankruptcy Legislation Amendment Act 2009.
Section 2 - Commencement
18. Section 2 will provide a table setting out when the amendments to be made by the Bill will commence. Sections 1 to 3 and anything else not covered by this table will commence on the day on which the Bill receives Royal Assent.
19. Schedules 1 and 2 will commence on a single date to be fixed by Proclamation. However, if any of the amendments do not commence within the period of 6 months beginning on the day on which the Act receives Royal Assent, they commence on the first day after the end of that period.
20. Schedule 3 will commence the day after this Bill receives Royal Assent. The amendments contained in Part 1 of Schedule 4 will commence 28 days after Royal Assent. The amendments contained in Part 2 of Schedule 4 will commence on a day to be fixed by Proclamation.
Section 3 - Schedules
21. Proposed section 3 is a drafting device to allow all the amendments proposed to be made to the Act to be set out in Schedules. The items in the Schedules will amend the Act and will have effect according to their terms. Notes on the Schedule items follow.