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TOTAL RESULTS: 185

  • Financial Sector Legislation Amendment Bill (No. 1) 2000

    Track (What's this?)

    Date
    13 Apr 2000 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasurer's portfolio 

    Bill | Explanatory Memorandum

  • Financial Sector Legislation Amendment (Simplifying Regulation and Review) Bill 2007

    Track (What's this?)

    Date
    21 Jun 2007 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the financial sector regulation law to: implement recommendations of the Taskforce on Reducing Regulation Burdens on Business to streamline and simplify prudential regulation; provide more equitable financial assistance to superannuation funds who have suffered loss as a result of fraud or theft; abolish the Special Protection Account; consolidate and rationalise prudential reporting requirements in the superannuation industry; close a regulatory gap for reporting contraventions of the market conduct and disclosure provisions in the
    Corporations Act 2001
    ; and makes technical amendments consequential on the enactment of the
    Legislative Instruments Act 2003

    Bill | Explanatory Memorandum

  • Financial Sector Legislation Amendment (Review of Prudential Decisions) Bill 2008

    Track (What's this?)

    Date
    13 Feb 2008 
    Chamber
    Senate 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Banking Act 1959
    ,
    Insurance Act 1973
    ,
    Life Insurance Act 1995
    ,
    Superannuation Industry (Supervision) Act 1993
    ,
    Retirement Savings Accounts Act 1997
    ,
    Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007
    and
    Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007
    to introduce a court-based process for disqualifying an individual from operating an Australian Prudential Regulation Authority (APRA) regulated entity;
    Banking Act 1959
    ,
    Insurance Act 1973
    and
    Life Insurance Act 1995
    in relation to APRA’s specific direction powers;
    Superannuation Industry (Supervision) Act 1993
    to incorporate a materiality test into the trigger for APRA to issue a direction to freeze assets of a superannuation entity;
    Insurance Act 1973
    ,
    Life Insurance Act 1995
    and
    Superannuation Industry (Supervision) Act 1993
    to remove ministerial consent from administrative decisions made by APRA or the Australian Taxation Office (ATO) under those Acts; and
    Banking Act 1959
    ,
    Financial Sector (Collection of Data) Act 2001
    ,
    Insurance Act 1973
    ,
    Life Insurance Act 1995
    and
    Superannuation Industry (Supervision) Act 1993
    to apply merits review to appropriate decisions made by APRA or the ATO. Also makes consequential amendments to other Acts. 

    Bill | Explanatory Memorandum

  • Financial Sector Legislation Amendment (Review of Prudential Decisions) Bill 2007

    Track (What's this?)

    Date
    13 Sep 2007 
    Chamber
    House of Representatives 
    Status
    Not Proceeding 
    Portfolio
    Treasury 
    Summary
    Amends the
    Banking Act 1959
    ,
    Insurance Act 1973
    ,
    Life Insurance Act 1995
    ,
    Superannuation Industry (Supervision) Act 1993
    ,
    Retirement Savings Accounts Act 1997
    ,
    Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007
    and
    Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007
    to introduce a court-based process for disqualifying an individual from operating an Australian Prudential Regulation Authority (APRA) regulated entity;
    Banking Act 1959
    ,
    Insurance Act 1973
    and
    Life Insurance Act 1995
    in relation to APRA’s specific direction powers;
    Superannuation Industry (Supervision) Act 1993
    to incorporate a materiality test into the trigger for APRA to issue a direction to freeze assets of a superannuation entity;
    Insurance Act 1973
    ,
    Life Insurance Act 1995
    and
    Superannuation Industry (Supervision) Act 1993
    to remove ministerial consent from administrative decisions made by APRA or the Australian Taxation Office (ATO) under those Acts;
    Banking Act 1959
    ,
    Financial Sector Collection of Data Act 2001
    ,
    Insurance Act 1973
    ,
    Life Insurance Act 1995
    and
    Superannuation Industry (Supervision) Act 1993
    to apply merits review to appropriate decisions made by APRA or the ATO; and makes consequential amendments to other Acts. 

    Bill | Explanatory Memorandum

  • Financial Sector Legislation Amendment (Restructures) Bill 2007

    Track (What's this?)

    Date
    24 May 2007 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Financial Sector (Transfers of Business) Act 1999
    to: facilitate the adoption of a non-operating holding company as the ultimate holding company of a financial group in Australia; and rename it as the
    Financial Sector (Business Transfer and Group Restructures) Act 1999
    ;
    Income Tax Assessment Act 1997
    to: remove tax impediments preventing financial groups containing authorised deposit-taking institutions from restructuring; and make consequential amendments to two other Acts. 

    Bill | Explanatory Memorandum

  • Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Bill 2010

    Track (What's this?)

    Date
    26 May 2010 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends: 11 Acts in relation to: the Australian Prudential Regulation Authority’s (APRA) preventive powers, correction powers, failure management powers, and data collection powers, APRA’s and the Australian Taxation Office’s investigation powers, auditors and actuaries, and the Financial Claims Scheme; six Acts in relation to the methodologies governing the determination of financial sector levies; and four Acts to make technical amendments. Also repeals five redundant Acts. 

    Bill | Explanatory Memorandum

  • Financial Sector Legislation Amendment (Enhancing Supervision and Enforcement) Bill 2009

    Track (What's this?)

    Date
    19 Mar 2009 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends: the
    Life Insurance Act 1995
    to establish a prudential regulation regime for non-operating holding companies of life insurance companies to be administered by the Australian Prudential Regulation Authority (APRA); 19 other Acts to make consequential amendments; and the
    Banking Act 1959
    ,
    Insurance Act 1973
    ,
    Life Insurance Act 1995
    ,
    Superannuation Industry (Supervision) Act 1993
    and
    First Home Saver Accounts Act 2008
    to provide APRA with power to seek court injunctions against breaches of conditions or directions issued under those Acts. 

    Bill | Explanatory Memorandum

  • Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Bill 2007

    Track (What's this?)

    Date
    21 Jun 2007 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Introduced with the Corporations (National Guarantee Fund Levies) Amendment Bill 2007, the bill amends the
    Corporations Act 2001
    ,
    Financial Sector (Collection of Data) Act 2001
    and
    Insurance Act 1973
    to: prudentially regulate direct offshore foreign insurers and collect information on discretionary mutual funds (which will not be prudentially regulated); and makes an amendment consequential on the proposed
    Corporations (National Guarantee Fund Levies) Amendment Act 2007

    Bill | Explanatory Memorandum

  • Financial Sector (Collection of Data—Consequential and Transitional Provisions) Bill 2001

    Track (What's this?)

    Date
    05 Apr 2001 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasurer's portfolio 

    Bill | Explanatory Memorandum

  • Financial Sector (Collection of Data) Bill 2001

    Track (What's this?)

    Date
    05 Apr 2001 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasurer's portfolio 

    Bill | Explanatory Memorandum

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A bill is a proposal for a law or a change to an existing law. A bill becomes law (an Act) when agreed to in identical form by both houses of Parliament and assented to by the Governor-General.