Commonwealth legislation

Corporations Amendment (Insolvency) Act 2007 - Proclamation

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

1/10 complexity

This is a formal proclamation by the Governor-General that activates specific parts of the insolvency law reforms.

What it does:

Sets 31 December 2007 as the date when items 1 to 48 of Schedule 1 to the Corporations Amendment (Insolvency) Act 2007 commence (come into force)
Acts as the legal 'on switch' for these specific provisions, making them enforceable from that date

Why it matters: Without this proclamation, the changes to insolvency laws passed by Parliament would remain dormant and not apply. This document ensures those specific reforms—likely concerning company restructuring or winding-up procedures—become legally active and binding from 31 December 2007.

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Current sections

Direct links to the current provisions in Corporations Amendment (Insolvency) Act 2007 - Proclamation.

Corporations Amendment (Insolvency) Act 2007 - Proclamation

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Proclamation

Corporations Amendment (Insolvency) Act 2007

I, PHILIP MICHAEL JEFFERY, Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council and under item 2 of the table in subsection 2 (1) of the Corporations Amendment (Insolvency) Act 2007, fix 31 December 2007 as the day on which items 1 to 48 of Schedule 1 to that Act commence.

Signed and sealed with the Great Seal of Australia on 26 September 2007

P. M. JEFFERY Governor‑General

By His Excellency’s Command

CHRISTOPHER JOHN PEARCE

Parliamentary Secretary to the Treasurer

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.