Insurance Contracts Amendment Bill 2012 – Parliament of Australia

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Act
Parliament no: 43
Summary: Amends the
Insurance Contracts Act 1984
to enable regulations to be made to: establish a standard definition of flood for riverine flooding in home building and home contents insurance contracts and contracts held by small businesses and strata titles; and require insurance providers to provide consumers with a key facts sheet for home building and home contents insurance contracts.

Progress

House of Representatives
23 Nov 2011	Introduced and read a first time
23 Nov 2011	Second reading moved
13 Mar 2012	Second reading debate
14 Mar 2012	Referred to Federation Chamber
14 Mar 2012	Second reading debate
14 Mar 2012	Second reading agreed to
14 Mar 2012	Consideration in detail debate Amendment details: 6 Government agreed to
19 Mar 2012	Reported from Federation Chamber
19 Mar 2012	Third reading agreed to

Senate
20 Mar 2012	Introduced and read a first time
20 Mar 2012	Second reading moved
21 Mar 2012	Second reading debate
21 Mar 2012	Second reading agreed to
21 Mar 2012	Third reading agreed to

21 Mar 2012	Text of bill as passed both Houses
15 Apr 2012	Assent Act no.: 41 Year: 2012

Documents and transcripts

Text of bill

First reading
Third reading
As passed by both houses

Explanatory memoranda

Supplementary explanatory memorandum
Revised explanatory memorandum
Explanatory memorandum

Transcript of speeches

Proposed amendments

House of Representatives
Government [sheet CP227]

Schedules of amendments

Federation Chamber Schedule

Committee Information

No documents at present

Bills Digest

Notes

Referred to Committee (24/11/2011): House Standing Committee on Economics; Committee report (16/02/2012)

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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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