Financial Services Reform Amendment Bill 2003

Type
Government
Portfolio
Treasury 
Originating house
House of Representatives 
Status
Act 
Parliament no
40
Summary
Amends the:
Corporations Act 2001
  to clarify and amend aspects of the regulatory framework governing the licensing, conduct and disclosure of providers of financial services, and the licensing of financial markets and clearing and settlement facilities;
Australian Securities and Investments Commission Act 2001
,
Income Tax Assessment Act 1997
  and
Retirement Savings Accounts Act 1997
  to make consequential amendments. Also contains transitional provisions. 

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Progress

House of Representatives
26 Jun 2003Introduced and read a first time
26 Jun 2003Second reading moved
05 Nov 2003Second reading agreed to
05 Nov 2003Consideration in detail debate

Amendment details: 46 Government agreed to
05 Nov 2003Third reading agreed to
Senate
24 Nov 2003Introduced and read a first time
24 Nov 2003Second reading moved
05 Dec 2003Second reading agreed to
05 Dec 2003Committee of the Whole debate

Amendment details: 12 Government and 1 Australian Democrats agreed to
05 Dec 2003Third reading agreed to
House of Representatives
05 Dec 2003Consideration of Senate message

Details: House agreed to Senate amendments


17 Dec 2003Assent

Act no.: 141

Year: 2003

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Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changed to the bill. For details about the outcome of proposed amendments please refer to either theĀ Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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