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BANKRUPTCY (ESTATE CHARGES) ACT 1997 - NOTES

No. 12, 1997

Compilation No. 12

Compilation date: 2 August 2021

Includes amendments up to: Act No. 149, 2020

Registered: 31 August 2021

About this compilation

This compilation

This is a compilation of the Bankruptcy (Estate Charges) Act 1997 that shows the text of the law as amended and in force on 2 August 2021 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self-repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

 

 

 

Contents

Part 1--Preliminary

1 Short title

2 Commencement

3 Act to bind the Commonwealth Crown

4 Interpretation

Part 2--Interest charge

5 Interest charge

Part 3--Realisations charge

6 Realisations charge

6A Charge not payable on estate surplus

7 Amount of charge payable

7A Certain amounts treated as being received by person

8 Working out the amount on which charge is payable

Part 4--Miscellaneous

9 Regulations

Endnotes

Endnote 1--About the endnotes

Endnote 2--Abbreviation key

Endnote 3--Legislation history

Endnote 4--Amendment history

 

Endnotes

Endnote 1--About the endnotes

The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1--About the endnotes

Endnote 2--Abbreviation key

Endnote 3--Legislation history

Endnote 4--Amendment history

Abbreviation key--Endnote 2

The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history--Endnotes 3 and 4

Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.

Editorial changes

The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.

If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.

Misdescribed amendments

A misdescribed amendment is an amendment that does not accurately describe the amendment to be made. If, despite the misdescription, the amendment can be given effect as intended, the amendment is incorporated into the compiled law and the abbreviation "(md)" added to the details of the amendment included in the amendment history.

If a misdescribed amendment cannot be given effect as intended, the abbreviation "(md not incorp)" is added to the details of the amendment included in the amendment history.

 

Endnote 2--Abbreviation key

 

ad = added or inserted

o = order(s)

am = amended

Ord = Ordinance

amdt = amendment

orig = original

c = clause(s)

par = paragraph(s)/subparagraph(s)

C[x] = Compilation No. x

/sub-subparagraph(s)

Ch = Chapter(s)

pres = present

def = definition(s)

prev = previous

Dict = Dictionary

(prev ... ) = previously

disallowed = disallowed by Parliament

Pt = Part(s)

Div = Division(s)

r = regulation(s)/rule(s)

ed = editorial change

reloc = relocated

exp = expires/expired or ceases/ceased to have

renum = renumbered

effect

rep = repealed

F = Federal Register of Legislation

rs = repealed and substituted

gaz = gazette

s = section(s)/subsection(s)

LA = Legislation Act 2003

Sch = Schedule(s)

LIA = Legislative Instruments Act 2003

Sdiv = Subdivision(s)

(md) = misdescribed amendment can be given

SLI = Select Legislative Instrument

effect

SR = Statutory Rules

(md not incorp) = misdescribed amendment

Sub-Ch = Sub-Chapter(s)

cannot be given effect

SubPt = Subpart(s)

mod = modified/modification

underlining = whole or part not

No. = Number(s)

commenced or to be commenced

 

Endnote 3--Legislation history

 

Act

Number and year

Assent

Commencement

Application, saving and transitional provisions

Bankruptcy (Estate Charges) Act 1997

12, 1997

13 Mar 1997

14 Apr 1997 (s 2(1) and gaz 1997, No S136)

 

Bankruptcy (Estate Charges) Amendment Act 2001

158, 2001

1 Oct 2001

3 July 2002 (s 2)

Sch 1 (items 10-16)

as amended by

 

 

 

 

Bankruptcy (Estate Charges) Amendment Act 2002

61, 2002

3 July 2002

Sch 1 (item 11): 3 July 2002 (s 2(1) item  3)

--

Bankruptcy (Estate Charges) Amendment Act 2002

61, 2002

3 July 2002

Sch 1 (items 1-10, 12, 13): 3 July 2002 (s 2(1) items 2, 4)

Sch 1 (items 12, 13)

Bankruptcy (Estate Charges) Amendment Act 2004

81, 2004

23 June 2004

Sch 1: 1 Dec 2004 (s 2(1) item 2)

Sch 1 (item 4)

Bankruptcy Legislation Amendment (Fees and Charges) Act 2006

34, 2006

3 May 2006

Sch 2: 1 July 2006 (s 2(1) item 4)

Sch 2 (item 3)

Bankruptcy (Estate Charges) Amendment Act 2007

43, 2007

10 Apr 2007

1 July 2007 (s 2)

Sch 1 (item 4)

Insolvency Law Reform Act 2016

11, 2016

29 Feb 2016

Sch 1 (items 99-178): 1 Mar 2017 (s 2(1) item  2)

Sch 1 (items 101-178) (as modified by F2016L01898)

Territories Legislation Amendment Act 2016

33, 2016

23 Mar 2016

Sch 5 (item 20): 1 July 2016 (s 2(1) item 7)

--

Statute Update (Autumn 2018) Act 2018

41, 2018

22 May 2018

Sch 4 (item 1): 19 June 2018 (s 2(1) item 4)

--

Bankruptcy Amendment (Debt Agreement Reform) Act 2018

118, 2018

27 Sept 2018

Sch 6 (items 3, 4): 27 June 2019 (s 2(1) item 12)

Sch 6 (item 4)

Bankruptcy (Estate Charges) Amendment (Norfolk Island) Act 2020

149, 2020

17 Dec 2020

2 Aug 2021 (s 2(1) item 1)

--

Endnote 4--Amendment history

 

Provision affected

How affected

Part 1

 

s 3.....................

am No 41, 2018

s 3A....................

ad No 33, 2016

 

rep No 149, 2020

s 4.....................

am No 158, 2001; No 34, 2006

Part 2

 

s 5.....................

am No 158, 2001; No 61, 2002; No 81, 2004; No 43, 2007; No  11, 2016

Part 3

 

s 6.....................

am No 158, 2001; No 61, 2002; No 81, 2004; No 43, 2007; No 118, 2018

s 6A....................

ad No 158, 2001

 

am No 61, 2002

s 7.....................

rs No 34, 2006

s 7A....................

ad No 158, 2001

 

am No 61, 2002

s 8.....................

am No 61, 2002

Part 4

 

Part 4...................

ad No 158, 2001

s 9.....................

ad No 158, 2001

 


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