Corporations Amendment (No. 1) Bill 2010

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Act
Parliament no: 43
Summary: Amends the:
Australian Securities and Investments Commission Act 2001
  to permit the Australian Securities and Investments Commission to apply for a search warrant without issuing a notice to produce the material sought;
Corporations Act 2001
  to: require persons to state the purpose for which they require a copy of a register of members of a company or registered scheme; provide that a register maintained on a computer should be inspected on a computer; enable the regulations to prescribe the formats in which a copy of a register should be provided; provide that an unsolicited offer made to purchase financial products off-market must remain open for at least one month from the date of offer; and increase the maximum penalties for insider trading and market manipulation offences; and
Telecommunications (Interception and Access) Act 1979
  to enable an interception agency to apply for telecommunications interception warrants when investigating insider trading and market manipulation offences.

Progress

House of Representatives
29 Sep 2010	Introduced and read a first time
29 Sep 2010	Second reading moved
20 Oct 2010	Referred to Main Committee
25 Oct 2010	Second reading debate
26 Oct 2010	Reported from Main Committee
26 Oct 2010	Second reading agreed to
26 Oct 2010	Third reading agreed to

Senate
27 Oct 2010	Introduced and read a first time
27 Oct 2010	Second reading moved
18 Nov 2010	Second reading debate
18 Nov 2010	Second reading agreed to
18 Nov 2010	Third reading agreed to

18 Nov 2010

Text of bill as passed both Houses

House of Representatives
22 Nov 2010	Message from Senate reported

24 Nov 2010

Assent

Act no.: 131

Year: 2010

Documents and transcripts

Text of bill

First reading
As passed by both houses

Explanatory memoranda

Explanatory memorandum
Replacement explanatory memorandum

Transcript of speeches

Proposed amendments

No documents at present

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest

Notes

Referred to Committee (30/09/2010): Senate Economics Legislation Committee
Committee report (16/11/2010)

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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 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.

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