Bill
Parliamentary Joint Committee on the Australia Fund Bill 2018
lapsed, as at 2019-07-01.
- Sponsor
- BURSTON, Sen Brian
- Portfolio
- Not recorded
Recorded stages
- introduced — 2018-11-14
- second reading — 2018-11-14
- second reading — 2018-11-26
- other — 2019-07-01
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 2018-11-14.
This bill would create a parliamentary committee to look into setting up an Australia Fund.
The fund would be able to give emergency relief, lend money, guarantee loans, waive interest, buy bank loans, and take over businesses' property for a set time.
The committee would hold public meetings in every state capital and many country towns.
- Establishes a joint parliamentary committee to investigate an Australia Fund.
- The fund would support and rebuild rural and manufacturing industries during crises like natural disasters or financial shocks.
- The committee would examine the impact of drought and global price changes on farming.
- The committee would review bankruptcy and insolvency laws to help companies survive hard times.
- The committee would also review tax laws related to bankruptcy.
Australian rural and manufacturing industries, businesses, and communities hit by natural disasters or financial crises.
Sources
em
billhome