Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
43

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Summary

Amends the Corporations Act 2001 to: require body corporates to issue a two-part simple corporate bonds prospectus when certain bond issuances occur; enable simple corporate bonds to be traded using simple retail corporate bonds depository interests; provide that directors have liability for any misinformation in a disclosure document in certain circumstances; and provide that the use of the terms ‘financial planner’ and ‘financial adviser’ are restricted to those with licences to provide advice on designated financial products.

Progress

House of Representatives
Introduced and read a first time 20 Mar 2013
Second reading moved 20 Mar 2013
Second reading debate 28 May 2013
Second reading agreed to 28 May 2013
Third reading agreed to 28 May 2013
Senate
Introduced and read a first time 17 Jun 2013
Second reading moved 17 Jun 2013
Lapsed at end of Parliament 13 Nov 2013

Documents and transcripts

Text of bill

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Explanatory memoranda

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Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

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Notes

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.