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.