Bill
Parliamentary Joint Committee on the Australia Fund Bill 2014
lapsed, as at 2015-03-17. (s) PALMER, Clive, MP portfolio.
- Sponsor
- Clive Palmer
- Portfolio
- (s) PALMER, Clive, MP
Recorded stages
- introduced — 2014-03-17
- second reading — 2014-03-17
- other — 2014-09-03
- second reading — 2014-09-22
- other — 2015-03-17
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2014-03-17.
This bill would create a parliamentary committee to study setting up an Australia Fund.
The committee would hold hearings across Australia and review bankruptcy and insolvency laws.
The fund would be able to provide emergency relief, loans, loan guarantees, and other financial support to rural and manufacturing businesses during crises.
- Establishes a Joint Parliamentary Committee to investigate an Australia Fund.
- The committee would examine the impact of natural disasters and market fluctuations on rural Australia.
- The committee would review bankruptcy and insolvency laws to help companies trade through difficulties.
- The committee would consider introducing United States Chapter 11-style provisions.
- The committee would report its findings and recommendations to Parliament.
Rural and manufacturing industries, businesses, and communities affected by natural disasters or financial crises.
Sources
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