Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
47

Track (What's this?)

Permalink

Summary

Amends the: Corporations Act 2001 and 8 other Acts to implement recommendations by the Council of Financial Regulators in relation to Australia’s financial market infrastructure by: introducing a crisis management and resolution regime for domestic clearing and settlement (CS) facilities; expanding the licensing, supervisory and enforcement powers of the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA); and transferring certain powers relating to the licensing and supervision of CS facilities and financial markets to ASIC and the RBA; Australian Securities and Investments Commission Act 2001 and Corporations Act 2001 to phase-in new climate-related financial reporting requirements for entities; and Australian Securities and Investments Commission Act 2001, Corporations Act 2001 and Insurance Act 1973 to make minor and technical amendments.

Progress

House of Representatives
Introduced and read a first time 27 Mar 2024
Second reading moved 27 Mar 2024
Second reading debate 15 May 2024
Referred to Federation Chamber 15 May 2024
Returned to House for further consideration 28 May 2024
Second reading debate 05 Jun 2024
Second reading debate 06 Jun 2024
Second reading agreed to 06 Jun 2024
Consideration in detail debate 06 Jun 2024
Third reading agreed to 06 Jun 2024
Senate
Introduced and read a first time 24 Jun 2024
Second reading moved 24 Jun 2024
Second reading agreed to 22 Aug 2024
Third reading agreed to
  • : Amendment details: 7 Government agreed to
22 Aug 2024
House of Representatives
Consideration of Senate message
  • Details: House agreed to Senate amendments
09 Sep 2024
Finally passed both Houses 09 Sep 2024
Assent
  • Act no: 87
  • Year: 2024
17 Sep 2024

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

House of representatives

Senate

Schedules of amendments

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.

We acknowledge the traditional owners and custodians of country throughout Australia and acknowledge their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the elders past, present and emerging.

Aboriginal and Torres Strait Islander people are advised that this website may contain images and voices of deceased people.