Banking and Consumer Credit Protection Amendment (Mobility and Flexibility) Bill 2011

Type
Private
Sponsor(s)
BANDT, Adam, MP
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
43

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Summary

Amends the: Banking Act 1959 to: impose certain conditions on authorised deposit-taking institutions (ADIs) in relation to the transfer of personal transaction accounts; and require ADIs that offer term deposits to provide certain information when those deposits are due for reinvestment; and National Consumer Credit Protection Act 2009 to: require credit contracts to expressly include advice of any unjust transactions and unconscionable interest and other charges; and provide for the termination of mortgage indemnity insurance contracts when the related mortgage is terminated and the rebate of associated premiums.

Progress

House of Representatives
Introduced and read a first time 22 Aug 2011
Removed from the Notice Paper in accordance with (SO 42) 22 May 2012

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

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 changes 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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