Bills before Parliament

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TOTAL RESULTS: 243

• Corporations Legislation Amendment (Audit Enhancement) Bill 2012

  Track (What's this?)

  Date

  29 Feb 2012 

  Chamber

  House of Representatives 

  Status

  Passed Both Houses 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Corporations Act 2001

  to: enable directors of a listed company or listed registered scheme to extend the auditor rotation period for up to two years in certain circumstances; and require auditors who audit 10 or more certain types of entities to publish a transparency report; and

  Australian Securities and Investments Commission Act 2001

  to: revise the functions of the Financial Reporting Council (FRC) to require the FRC to provide the minister and professional accounting bodies with strategic policy advice and reports in relation to the quality of audits conducted by Australian auditors; enable the Australian Securities and Investments Commission (ASIC) to publish an audit deficiency report in relation to specified audit failures by an Australian auditor identified by ASIC; and enable ASIC to communicate certain information obtained during an audit directly with an audited body. 

  Bill | Explanatory Memorandum

• Corporations and Financial Sector Legislation Amendment Bill 2013

  Track (What's this?)

  Date

  20 Mar 2013 

  Chamber

  House of Representatives 

  Status

  Before House of Representatives 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Payments Systems and Netting Act 1998

  to provide that client positions and associated collateral of a defaulting participant in a clearing facility may be ported to another solvent participant despite legislative impediments;

  Corporations Act 2001

  to: enable the Australian Securities Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) to determine how often they assess compliance by particular Australian market licence and clearing and settlement facility licence holders with their legal obligations; and make consequential amendments;

  Australian Securities and Investments Commission Act 2001

  to: extend the powers of the Parliamentary Joint Committee on Corporations and Financial Services to inquire into and report on the operation of any foreign business law which may affect the operation of the corporations law; require ASIC to report annually on the use of its information gathering powers and on additional information if required by the minister; and make consequential amendments;

  Australian Securities and Investments Commission Act 2001

  and

  Mutual Assistance in Business Regulation Act 1992

  to authorise ASIC to disclose protected information to international business regulators;

  Reserve Bank 1959

  to enable the RBA to disclose protected information to external persons and bodies; and

  Carbon Credits (Carbon Farming Initiative) Act 2011

  and

  Clean Energy Regulator Act 2011

  to enable the Clean Energy Regulator to share protected information with licensed and prescribed trade repositories. 

  Bill | Explanatory Memorandum

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

  Track (What's this?)

  Date

  20 Mar 2013 

  Chamber

  House of Representatives 

  Status

  Before House of Representatives 

  Portfolio

  Treasury 

  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. 

  Bill | Explanatory Memorandum

• Corporations Amendment (Proxy Voting) Bill 2012

  Track (What's this?)

  Date

  24 May 2012 

  Chamber

  House of Representatives 

  Status

  Passed Both Houses 

  Portfolio

  Treasury 

  Summary

  Amends the

  Corporations Act 2001

  to clarify that the chair of an annual general meeting, who is a member of the key management personnel or a closely related party of a key management personnel, is able to vote undirected proxies in the non-binding vote where the shareholder provides their express authorisation for the chair to exercise the proxy. 

  Bill | Explanatory Memorandum

• Corporations Amendment (Future of Financial Advice) Bill 2012

  Track (What's this?)

  Date

  13 Oct 2011 

  Chamber

  House of Representatives 

  Status

  Assent 

  Portfolio

  Treasury 

  Summary

  Amends the

  Corporations Act 2001

  to: require financial advisers to provide a fee disclosure statement to a client when charging advice fees for longer than 12 months; require financial advisers to provide a fee disclosure statement and a renewal notice to a client when charging advice fees for longer than 24 months; and extend the Australian Securities and Investments Commission’s licensing and banning powers used to supervise the financial services industry. 

  Bill | Explanatory Memorandum

• Consumer Credit Protection Amendment (Fees) Bill 2011

  Track (What's this?)

  Date

  21 Jun 2011 

  Chamber

  Senate 

  Status

  Before Senate 

  Sponsor

  XENOPHON, Sen Nick 

  Summary

  Amends the:

  National Consumer Credit Protection Act 2009

  to provide that: credit fees or charges relating to credit contracts must be reasonable; and the Australian Securities and Investments Commission may apply for a court order to annul or reduce a credit fee or charge it determines not to be reasonable; and

  Banking Act 1959

  to require the Australian Prudential Regulation Authority to prohibit banks with a market share of more than 10 per cent from imposing early termination fees in relation to loan agreements or mortgage contracts. 

  Bill | Explanatory Memorandum

• Constitutional Corporations (Farm Gate to Plate) Bill 2011 [No. 2]

  Track (What's this?)

  Date

  13 Sep 2011 

  Chamber

  Senate 

  Status

  Before Senate 

  Sponsor

  XENOPHON, Sen Nick 

  Summary

  The bill: requires certain constitutional corporations (primarily grocery retailers) to display the producer price of fruit and vegetable produce; and imposes penalties for breaching the requirement. 

  Bill | Explanatory Memorandum

• Competition and Consumer Amendment (Australian Food Labelling) Bill 2012

  Track (What's this?)

  Date

  17 Sep 2012 

  Chamber

  House of Representatives 

  Status

  Before House of Representatives 

  Sponsor

   

  Summary

  Amends the:

  Competition and Consumer Act 2010

  to: create specific requirements for country of original labelling for food; provide that the labelling is based on the ingoing weight of the ingredients and components; and create penalties and defences; and

  Imported Food Control Act 1992

  to make a consequential amendment. 

  Bill | Explanatory Memorandum

• Competition and Consumer Amendment (Australian Country of Origin Food Labelling) Bill 2013

  Track (What's this?)

  Date

  16 May 2013 

  Chamber

  Senate 

  Status

  Before Senate 

  Sponsor

   

  Bill | Explanatory Memorandum

• Commonwealth Electoral Amendment (Tobacco Industry Donations) Bill 2011

  Track (What's this?)

  Date

  15 Jun 2011 

  Chamber

  Senate 

  Status

  Before Senate 

  Sponsor

  BROWN, Sen Bob 

  Summary

  Amends the

  Commonwealth Electoral Act 1918

  to create offences to prohibit political parties or candidates from receiving donations from manufacturers or wholesalers of tobacco products. 

  Bill | Explanatory Memorandum