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House of Representatives

Corporations Amendment (Corporate Insolvency Reforms) Bill 2020

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon. Josh Frydenberg MP)


The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
ADI Authorised deposit-taking institution
ASIC Australian Securities and Investments Commission
Bankruptcy Act Bankruptcy Act 1966
Bill Corporations Amendment (Corporate Insolvency Reforms) Bill 2020
Corporations Act Corporations Act 2001
Corporations Regulations Corporations Regulations 2001
the Determination Corporations (Coronavirus Economic Response) Determination (No.3) 2020
ETA 1999 Electronic Transactions Act 1999
the Guide to Framing Commonwealth Offences Attorney-General's Department's A Guide to Framing Commonwealth Offences, Infringement Notices and Enforcement Powers, September 2011 edition
Insolvency Practice Rules Insolvency Practice Rules (Corporations) 2016
Insolvency Practice Schedule Schedule 2 to the Corporations Act 2001
Inspector-General Inspector-General in Bankruptcy
ICCPR International Covenant on Civil and Political Rights
PPSA Personal Property Securities Act 2009

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