Bill
Reserve Bank Amendment (Australian Reconstruction and Development Board) Bill 2019
lapsed, as at 2019-04-11. (s) KATTER, Bob, Jnr, MP portfolio.
- Sponsor
- Bob Katter
- Portfolio
- (s) KATTER, Bob, Jnr, MP
Recorded stages
- introduced — 2019-02-18
- second reading — 2019-02-18
- other — 2019-04-11
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 2019-02-18.
The bill would create a new body called the Australian Reconstruction and Development Board to help struggling farmers and related businesses.
The board would sit inside the Reserve Bank of Australia as a third board, using the bank's existing legal powers.
The explanatory memorandum says rural debt reached 135.4% of gross value of farm production in 2012.
- Establishes the Australian Reconstruction and Development Board.
- Gives the board power to restructure debts and provide tailored finance for at-risk agriculture.
- Requires the board to research and monitor industries to give early warning of problems.
Farmers, agricultural producers and associated industries and infrastructures.
Sources
em
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