Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Bill 2007

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
41
Summary
Introduced with the Corporations (National Guarantee Fund Levies) Amendment Bill 2007, the bill amends the
Corporations Act 2001
,
Financial Sector (Collection of Data) Act 2001
and
Insurance Act 1973
to: prudentially regulate direct offshore foreign insurers and collect information on discretionary mutual funds (which will not be prudentially regulated); and makes an amendment consequential on the proposed
Corporations (National Guarantee Fund Levies) Amendment Act 2007
.

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Progress

House of Representatives
Introduced and read a first time 21 Jun 2007
Second reading moved 21 Jun 2007
Second reading agreed to 12 Sep 2007
Consideration in detail debate
  • Amendment details: 12 Government agreed to
12 Sep 2007
Third reading agreed to 12 Sep 2007
Senate
Introduced and read a first time 13 Sep 2007
Second reading moved 13 Sep 2007
Second reading agreed to 13 Sep 2007
Third reading agreed to 13 Sep 2007
Assent
  • Act no.: 149
  • Year: 2007
24 Sep 2007

Documents and transcripts

Text of bill

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Word Format PDF Format HTML Format

Explanatory memoranda

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Word Format PDF Format HTML Format
Word Format PDF Format HTML Format

Proposed amendments

House of representatives

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Schedules of amendments

No documents at present

Bills digest

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Notes

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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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