📜 Bell Group Companies (Finalisation of Matters and Distribution of Proceeds) Bill 2015
Assented toLA6 May 2015
This Bill provides a legislative framework for the dissolution, administration, and distribution of assets of The Bell Group Ltd and its subsidiaries, aiming to resolve disputes and finalize matters related to the Bell litigation proceeds.
Impact
Creditors of the Bell Group, the State of Western Australia, and parties involved in the Bell litigation are affected. It aims to provide compensation to creditors who funded the litigation and finalize the distribution of assets.
Key Changes
["Establishes the WA Bell Companies Administrator Authority.", "Transfers assets of WA Bell Companies to the Authority.", "Provides a framework for determining and distributing liabilities."]
Parliamentary Progress
- LA IntroducedLA6 May 2015
- LA Second Reading MovedLA6 May 2015
- LA Second Reading AgreedLA17 June 2015
- LA Consideration in DetailLA17 June 2015
- LA AmendedLA18 June 2015
- LA Third ReadingLA23 June 2015
- LC Second Reading MovedLC17 Nov 2015
- LC Second Reading AgreedLC17 Nov 2015
- LC Third ReadingLC19 Nov 2015
- LC AmendedLC25 Nov 2015
- LC Consideration in DetailLC25 Nov 2015
- Royal Assent26 Nov 2015
Affected Sectors
financejusticepublic_sector
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