Report No 11 of 2020 of the Senate’s selection of bills committee of 3 December 2020 has considered the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 “but was unable to reach agreement”. Appendix 2 to the report then gives “statement of reasons for referral”.
Appendix 2 says:
“Proposal to refer a bill to a committee – Corporations Amendment (Corporate Insolvency Reforms) Bill 2020
Reasons for referral/principal issues for consideration:
- Potential impact on business environment, including supply of credit.
- Potential impact on worker, including payment of wages and entitlements.
Possible submissions or evidence from: – Academics and think tanks – Business groups – Unions
Committee to which bill is to be referred: – Economics
Possible hearing date(s): – On the papers
Possible reporting date: – January 2021”.