Corporations and Other Legislation Amendment (Trustee Companies and Other Measures) Bill 2011

Type
Government
Portfolio
Treasury 
Originating house
House of Representatives 
Status
Act 
Parliament no
43
Summary
Amends the:
Corporations (Aboriginal and Torres Strait Islander) Act 2006
  and
Corporations Act 2001
  in relation to: Australian Securities and Investments Commission approved (compulsory and voluntary) transfers of estate assets and liabilities; ‘compulsory’ transfers of business to a public trustee; ministerial approval for listing a trustee company; holding out as a licensed trustee company; the term ‘authorised trustee corporation’; common funds and registered schemes; arm’s length transactions; fee regulation; drawing down of fees from income or capital; and reasonable fees being charged for tax return preparation; and
Payment Systems (Regulation) Act 1998
  to provide that anything done by a payment system participant when complying with an ATM access regime as determined by the Reserve Bank of Australia is exempt from Part IV of the
Competition and Consumer Act 2010

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Progress

House of Representatives
23 Feb 2011Introduced and read a first time
23 Feb 2011Second reading moved
02 Mar 2011Referred to Main Committee
02 Mar 2011Second reading debate
02 Mar 2011Second reading agreed to
03 Mar 2011Reported from Main Committee
03 Mar 2011Third reading agreed to
Senate
03 Mar 2011Introduced and read a first time
03 Mar 2011Second reading moved
21 Mar 2011Second reading debate
21 Mar 2011Second reading agreed to
21 Mar 2011Third reading agreed to


21 Mar 2011Text of bill as passed both Houses
12 Apr 2011Assent

Act no.: 24

Year: 2011

Documents and transcripts

Text of bill

Word Format PDF Format
Word Format PDF Format

Explanatory memoranda

Word Format PDF Format

Transcript of speeches

Proposed amendments

No documents at present

Schedules of amendments

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Committee Information

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Bills Digest

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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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