📜 Disposal of Uncollected Goods Amendment Bill 2015
Assented toLABill 16319 November 2015
This bill amends the Disposal of Uncollected Goods Act 1970 to increase the threshold value of uncollected goods that require a court order for disposal from $300 to $3,500, and allows for this threshold to be adjusted by regulation.
Impact
Businesses that handle uncollected goods will be affected, as they will have a simpler process for disposing of items valued under $3,500. This reduces costs and administrative burden for businesses.
Key Changes
["Increases the threshold value for uncollected goods requiring a court order for disposal from $300 to $3,500.", "Allows the threshold value to be amended by regulation.", "Updates references to the threshold amount throughout the Act."]
Parliamentary Progress
- LA Second Reading MovedLA19 Nov 2015
- LA IntroducedLA19 Nov 2015
- LA Second Reading AgreedLA11 Oct 2016
- LA Third ReadingLA11 Oct 2016
- LC Second Reading MovedLC12 Oct 2016
- LC Third ReadingLC16 Nov 2016
- LC Second Reading AgreedLC16 Nov 2016
- Royal Assent1 Dec 2016
Affected Sectors
financeother
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