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Q: Most laws relevant to real estate transactions started life as a Bill in the ACTParliament. Briefly answer the following:
Ans.A Bill is a draft of the law. It is an act proposed to the parliament forconsideration. Most Bills deal with public affairs and their management.
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Ans. A Bill is introduced in one of the Houses of the Parliament by the concernedminister according to his Ministry. Any member can introduce a Bill. It must, however,conform to the Standing Orders (rules of the House). A Bill may even be introduced bya person not being a minister. Such Bill is called a Private Member’s Bill.
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