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Investment Funds Legislation Amendment Bill 2021

Type
Government
Portfolio
Finance
Originating house
House of Representatives
Status
Before Reps
Parliament no
46

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Summary

Amends: the Future Fund Act 2006 to establish a new employment framework for the Future Fund Management Agency; five Acts to make consequential amendments; the Freedom of Information Act 1982 to provide a partial exemption for documents handled by the Future Fund Board of Guardians and the agency in relation to the board's investment activities; the Medical Research Future Fund Act 2015 to: provide for a new disbursements framework for the Medical Research Future Fund (MRFF); and make minor amendments in relation to the administration of MRFF grants programs; and the Emergency Response Fund Act 2019 to: transfer responsibility for expenditure from the Emergency Response Fund to the National Recovery and Resilience Agency; and amend administrative arrangements for transfers from the Emergency Response Fund Special Account.

Progress

House of Representatives
Introduced and read a first time 25 Aug 2021
Second reading moved 25 Aug 2021

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

House of representatives

Schedules of amendments

No documents at present

Bills digest

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 changes to the bill. For details about the outcome of proposed amendments please refer to either the 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.