Homeโ€บBillsโ€บBill 187

๐Ÿ“œ Bell Group Companies (Finalisation of Matters and Distribution of Proceeds) Amendment Bill 2016

Assented toLABill 18724 March 2016

This bill amends the Bell Group Companies (Finalisation of Matters and Distribution of Proceeds) Act 2015 to ensure the Act achieves its objectives regarding creditor rights, Corporations Act protections, and the validity of the Act's provisions.

Impact

Creditors of the Bell Group companies are affected, as the bill aims to ensure their rights to claim against the fund are maintained. It also affects the liquidator and the companies themselves, by clarifying their legal status and ensuring the Act's validity is protected.

Key Changes

["Confirms the continued existence of WA Bell Companies as bodies corporate under the Act.", "Includes Maranoa Transport Pty Ltd as a WA Bell Company.", "Amends provisions relating to excluded matters under the Corporations Act."]

Parliamentary Progress

  1. LA Consideration in DetailLA24 Mar 2016
  2. LA Third ReadingLA24 Mar 2016
  3. LA IntroducedLA24 Mar 2016
  4. LA Second Reading MovedLA24 Mar 2016
  5. LA Second Reading AgreedLA24 Mar 2016
  6. LC Second Reading MovedLC24 Mar 2016
  7. LC Third ReadingLC5 Apr 2016
  8. LC Second Reading AgreedLC5 Apr 2016
  9. Royal Assent5 Apr 2016
Affected Sectors
financejustice

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