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
.

Progress

House of Representatives
21 Jun 2007	Introduced and read a first time
21 Jun 2007	Second reading moved
12 Sep 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

Senate
13 Sep 2007	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

24 Sep 2007

Assent

Act no.: 149

Year: 2007

Documents and transcripts

Text of bill

First reading
Third reading

Explanatory memoranda

Explanatory Memorandum
Revised explanatory memorandum
Supplementary Explanatory Memorandum

Transcript of speeches

Proposed amendments

House of Representatives
(HoR) Government 1

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest

Back to top

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 the 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.

Back to top

|