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.