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Second Reading Speeches

Corporations Amendment (Improving Outcomes for Litigation Funding Participants) Bill 2021

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
46

Track (What's this?)

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Summary

Implements the government's response to the report of the Parliamentary Joint Committee on Corporations and Financial Services' inquiry into litigation funding and the regulation of the class action industry by amending the

Corporations Act 2001
to: establish a new kind of managed investment scheme called a class action litigation funding scheme; and introduce additional requirements for the constitutions of managed investment schemes that are class action litigation funding schemes.

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