Australian Securities and Investments Commission (Fair Bank and Credit Card Fees) Amendment Bill 2008

Type
Private
Sponsor(s)
FIELDING, Sen Steve
Originating house
Senate
Status
Not Proceeding
Parliament no
42

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Summary

Amends the Australian Securities and Investments Commission Act 2001 to: limit banking and credit card penalty fees by ensuring fees are for cost recovery only; prevent fees being charged for third party dishonoured cheques; and enhance the powers of the Australian Securities and Investments Commission to monitor penalty fees and investigate customer complaints.

Progress

Senate
Introduced and read a first time 14 Feb 2008
Second reading moved 14 Feb 2008
Lapsed at end of Parliament 28 Sep 2010

Documents and transcripts

Text of bill

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Explanatory memoranda

No documents at present

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

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.