Corporations Legislation Amendment (Financial Services Modernisation) Bill 2009

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
42
Summary
Amends the:
Corporations Act 2001
to: set a national regulatory regime for margin loans; require that promissory notes valued at $50,000 or over are subject to the same regulatory regime as debentures; require the establishment of a public register of debenture trustees; and provide that Australian Capital Territory courts have jurisdiction for certain offences; and
Australian Securities and Investments Commission Act 2001
and
Corporations Act 2001
to transfer the regulation of trustee companies from the states and territories to the Commonwealth.

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Progress

House of Representatives
Introduced and read a first time 25 Jun 2009
Second reading moved 25 Jun 2009
Referred to Main Committee 08 Sep 2009
Second reading debate 10 Sep 2009
Second reading debate 14 Sep 2009
Consideration in detail debate
  • Amendment details: 14 government agreed to
14 Sep 2009
Reported from Main Committee 15 Sep 2009
Third reading agreed to 15 Sep 2009
Senate
Introduced and read a first time 26 Oct 2009
Second reading moved 26 Oct 2009
Second reading debate 26 Oct 2009
Second reading agreed to 26 Oct 2009
Third reading agreed to 26 Oct 2009
Text of bill as passed both Houses 26 Oct 2009
Assent
  • Act no.: 108
  • Year: 2009
06 Nov 2009

Documents and transcripts

Text of bill

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

Explanatory memoranda

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Proposed amendments

House of representatives

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Schedules of amendments

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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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