Key Documents
Explanatory Memorandum - PDF 60.96 KB
Explanatory Memorandum - RTF 65.7 KB
Exposure Draft - PDF 37.43 KB
Exposure Draft - RTF 1.56 MB
On 25 July 2010, the Prime Minister announced the Protecting Workers' Entitlements package which included the Government's election commitment: to impose personal liability on directors engaged in phoenix activity via being directors of similar named companies to failed companies.
An exposure draft has been released of the Corporations Amendment (Similar Names) Bill 2012. This Bill implements that election commitment.
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