National Consumer Credit Protection (Transitional and Consequential Provisions) Bill 2009

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
42
Summary
Part of a package of three bills to implement a national consumer credit regime, the bill: provides for matters resulting from the transition to the new regime including the treatment of credit contracts, mortgages, guarantees, consumer leases, court proceedings and orders, and the Australian Securities and Investments Commission’s (ASIC) role to bring or continue appeal, review or enforcement proceedings; and requires persons currently engaged in credit activities to register with ASIC prior to applying for an Australian Credit Licence. Also makes consequential amendments to the
Australian Securities and Investments Commission Act 2001
and
Corporations Act 2001
.

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Progress

House of Representatives
Introduced and read a first time 25 Jun 2009
Second reading moved 25 Jun 2009
Second reading debate 20 Aug 2009
Second reading agreed to 20 Aug 2009
Third reading agreed to 20 Aug 2009
Senate
Introduced and read a first time 07 Sep 2009
Second reading moved 07 Sep 2009
Second reading debate 26 Oct 2009
Second reading agreed to 26 Oct 2009
Committee of the Whole debate
  • Amendment details: 43 Government agreed to
26 Oct 2009
Third reading agreed to 26 Oct 2009
House of Representatives
Message from Senate reported 27 Oct 2009
Consideration of Senate message
  • Details: House agreed to Senate amendments
23 Nov 2009
Text of bill as passed both Houses 23 Nov 2009
Assent
  • Act no.: 135
  • Year: 2009
15 Dec 2009

Documents and transcripts

Text of bill

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Explanatory memoranda

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Proposed amendments

Senate

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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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