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TOTAL RESULTS: 55

  • Date
    15 Sep 2011 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the
    Banking Act 1959
    to establish a framework for the issue of covered bonds by: enabling authorised deposit institutions to issued covered bonds; and providing that the Australian Prudential Regulation Authority set prudential standards for the issue of the bonds. 

    Bill | Explanatory Memorandum

  • Date
    15 Jun 2010 
    Chamber
    Senate 
    Status
    Not Proceeding 
    Sponsor
    BROWN, Sen Bob 
    Summary
    Amends the
    Banking Act 1959
    to: require banks to offer basic transaction accounts and to limit other fees to cost recovery; provide that transactions at a bank’s own-branded ATMs are free of charge; cap charges for the use of a bank’s ATMs by customers of another authorised deposit-taking institution (ADI); require ADIs to offer a fixed interest gap mortgage; cap mortgage exit fees at cost recovery; and require uniform identification of exit fees in advertising and mortgage contracts. 

    Bill | Explanatory Memorandum

  • Date
    15 Nov 2010 
    Chamber
    House of Representatives 
    Status
    Not Proceeding 
    Sponsor
    BANDT, Adam, MP 
    Summary
    Amends the
    Banking Act 1959
    to: require banks to offer basic transaction accounts and to limit other fees to cost recovery; provide that transactions at a bank’s own-branded ATMs are free of charge; cap charges for the use of a bank’s ATMs by customers of another authorised deposit-taking institution (ADI); require ADIs to offer fixed interest gap loans and mortgages; cap mortgage and loan exit fees at cost recovery; and require uniform identification of exit fees in advertising and in mortgage and loan contracts. 

    Bill | Explanatory Memorandum

  • Date
    25 Jun 2009 
    Chamber
    Senate 
    Status
    Not Proceeding 
    Sponsor
    FIELDING, Sen Steve 
    Summary
    Amends the
    Banking Act 1959
    to enable the Treasurer to determine that the Financial Claims Scheme no longer apply to a bank which either withholds an interest rate cut or increases its variable standard rate in response to an official interest rate reduction. 

    Bill

  • Date
    22 Aug 2011 
    Chamber
    House of Representatives 
    Status
    Not Proceeding 
    Sponsor
    BANDT, Adam, MP 
    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. 

    Bill | Explanatory Memorandum

  • Date
    07 Jun 2001 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Attorney-General portfolio 

    Bill | Explanatory Memorandum

  • Date
    21 Mar 2002 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Attorney-General 
    Summary
    Amends the:
    Bankruptcy (Estate Charges) Act 1997
    to close a loophole by imposing the realisations charge and the interest charge on amounts received by all persons (not only trustees) who are controlling trustees; and
    Bankruptcy (Estate Charges) Amendment Act 2001
    to provide for commencement of the Act (as the existing commencement provision is tied to commencement of the Bankruptcy Legislation Amendment Bill 2001 which lapsed last Parliament). Also contains application provisions. 

    Bill | Explanatory Memorandum

  • Date
    15 Feb 2007 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Attorney-General 
    Summary
    Amends the
    Bankruptcy (Estate Charges) Act 1997
    to extend the application of the realisations charge and interest charge to money received by debt agreement administrators pursuant to debt agreements made under the
    Bankruptcy Act 1966

    Bill | Explanatory Memorandum

  • Date
    07 Dec 2005 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Attorney-General 
    Summary
    Amends the
    Bankruptcy Act 1966
    to strengthen anti-avoidance provisions which allow trustees to recover property disposed of prior to bankruptcy or owned by a third person but acquired by that person using the bankrupt’s resources. 

    Bill | Explanatory Memorandum

  • Date
    15 Feb 2007 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Attorney-General 
    Summary
    Amends the
    Bankruptcy Act 1966
    in relation to the operation of debt agreements under Part IX by providing for: the registration of administrators; proportional payments under an agreement to administrators and creditors; debtors’ proposals to be accepted by a majority in value of creditors; mechanisms to deal with defaulting debtors; and clarifying the operation of the Act in relation to: deregistered administrators; debts covered by an agreement; treatment of secured creditors; and investigative powers of the Inspector-General in Bankruptcy. 

    Bill | Explanatory Memorandum

What is a bill?

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.

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