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TOTAL RESULTS: 160

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  • First Home Saver Account Providers Supervisory Levy Imposition Bill 2008

    Track (What's this?)

    Date
    04 Sep 2008 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Introduced with the First Home Saver Accounts (Further Provisions) Amendment Bill 2008 and further to the package of bills which established First Home Saver Accounts (FHSA), the bill imposes a levy on FHSA providers to provide funding for the Australian Prudential Regulation Authority to supervise financial institutions which offer FHSAs. 

    Bill | Explanatory Memorandum

  • First Home Saver Accounts (Further Provisions) Amendment Bill 2008

    Track (What's this?)

    Date
    04 Sep 2008 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Introduced with the First Home Saver Account Providers Supervisory Levy Imposition Bill 2008 and further to the package of bills which established First Home Saver Accounts (FHSA), the bill amends 13 Acts in relation to: the treatment of unclaimed money; secrecy provisions and the disclosure of protected information between the Australian Taxation Office, the Australian Prudential Regulation Authority and the Australian Securities and Investments Commission; and makes minor and consequential amendments relating to the operation of the FHSA scheme and its interaction with existing legislation. 

    Bill | Explanatory Memorandum

  • First Home Saver Accounts (Consequential Amendments) Bill 2008

    Track (What's this?)

    Date
    28 May 2008 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Part of a package of three bills, the bill: makes consequential amendments to: provide for the taxation treatment of First Home Saver Accounts and change certain references; and amends the
    Australian Securities and Investments Commission Act 2001
    and
    Corporations Act 2001
    to ensure that the financial services licensing, conduct, advice and disclosure rules apply appropriately to First Home Saver Accounts. 

    Bill | Explanatory Memorandum

  • First Home Saver Accounts Bill 2008

    Track (What's this?)

    Date
    28 May 2008 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Part of a package of three bills, the bill: establishes and governs the operation of First Home Saver Accounts; provides for the payment of Government contributions of 17 per cent on the first $5,000 of personal contributions made into an account each year; and provides for the prudential regulation of account providers. 

    Bill | Explanatory Memorandum

  • Financial Sector Legislation Amendment (Review of Prudential Decisions) Bill 2008

    Track (What's this?)

    Date
    13 Feb 2008 
    Chamber
    Senate 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Banking Act 1959
    ,
    Insurance Act 1973
    ,
    Life Insurance Act 1995
    ,
    Superannuation Industry (Supervision) Act 1993
    ,
    Retirement Savings Accounts Act 1997
    ,
    Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007
    and
    Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007
    to introduce a court-based process for disqualifying an individual from operating an Australian Prudential Regulation Authority (APRA) regulated entity;
    Banking Act 1959
    ,
    Insurance Act 1973
    and
    Life Insurance Act 1995
    in relation to APRA’s specific direction powers;
    Superannuation Industry (Supervision) Act 1993
    to incorporate a materiality test into the trigger for APRA to issue a direction to freeze assets of a superannuation entity;
    Insurance Act 1973
    ,
    Life Insurance Act 1995
    and
    Superannuation Industry (Supervision) Act 1993
    to remove ministerial consent from administrative decisions made by APRA or the Australian Taxation Office (ATO) under those Acts; and
    Banking Act 1959
    ,
    Financial Sector (Collection of Data) Act 2001
    ,
    Insurance Act 1973
    ,
    Life Insurance Act 1995
    and
    Superannuation Industry (Supervision) Act 1993
    to apply merits review to appropriate decisions made by APRA or the ATO. Also makes consequential amendments to other Acts. 

    Bill | Explanatory Memorandum

  • Financial Sector Legislation Amendment (Review of Prudential Decisions) Bill 2007

    Track (What's this?)

    Date
    13 Sep 2007 
    Chamber
    House of Representatives 
    Status
    Not Proceeding 
    Portfolio
    Treasury 
    Summary
    Amends the
    Banking Act 1959
    ,
    Insurance Act 1973
    ,
    Life Insurance Act 1995
    ,
    Superannuation Industry (Supervision) Act 1993
    ,
    Retirement Savings Accounts Act 1997
    ,
    Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007
    and
    Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007
    to introduce a court-based process for disqualifying an individual from operating an Australian Prudential Regulation Authority (APRA) regulated entity;
    Banking Act 1959
    ,
    Insurance Act 1973
    and
    Life Insurance Act 1995
    in relation to APRA’s specific direction powers;
    Superannuation Industry (Supervision) Act 1993
    to incorporate a materiality test into the trigger for APRA to issue a direction to freeze assets of a superannuation entity;
    Insurance Act 1973
    ,
    Life Insurance Act 1995
    and
    Superannuation Industry (Supervision) Act 1993
    to remove ministerial consent from administrative decisions made by APRA or the Australian Taxation Office (ATO) under those Acts;
    Banking Act 1959
    ,
    Financial Sector Collection of Data Act 2001
    ,
    Insurance Act 1973
    ,
    Life Insurance Act 1995
    and
    Superannuation Industry (Supervision) Act 1993
    to apply merits review to appropriate decisions made by APRA or the ATO; and makes consequential amendments to other Acts. 

    Bill | Explanatory Memorandum

  • Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Bill 2007

    Track (What's this?)

    Date
    21 Jun 2007 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Introduced with the Corporations (National Guarantee Fund Levies) Amendment Bill 2007, the bill amends the
    Corporations Act 2001
    ,
    Financial Sector (Collection of Data) Act 2001
    and
    Insurance Act 1973
    to: prudentially regulate direct offshore foreign insurers and collect information on discretionary mutual funds (which will not be prudentially regulated); and makes an amendment consequential on the proposed
    Corporations (National Guarantee Fund Levies) Amendment Act 2007
    . 

    Bill | Explanatory Memorandum

  • Financial Sector Legislation Amendment (Simplifying Regulation and Review) Bill 2007

    Track (What's this?)

    Date
    21 Jun 2007 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the financial sector regulation law to: implement recommendations of the Taskforce on Reducing Regulation Burdens on Business to streamline and simplify prudential regulation; provide more equitable financial assistance to superannuation funds who have suffered loss as a result of fraud or theft; abolish the Special Protection Account; consolidate and rationalise prudential reporting requirements in the superannuation industry; close a regulatory gap for reporting contraventions of the market conduct and disclosure provisions in the
    Corporations Act 2001
    ; and makes technical amendments consequential on the enactment of the
    Legislative Instruments Act 2003
    . 

    Bill | Explanatory Memorandum

  • Financial Sector Legislation Amendment (Restructures) Bill 2007

    Track (What's this?)

    Date
    24 May 2007 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Financial Sector (Transfers of Business) Act 1999
    to: facilitate the adoption of a non-operating holding company as the ultimate holding company of a financial group in Australia; and rename it as the
    Financial Sector (Business Transfer and Group Restructures) Act 1999
    ;
    Income Tax Assessment Act 1997
    to: remove tax impediments preventing financial groups containing authorised deposit-taking institutions from restructuring; and make consequential amendments to two other Acts. 

    Bill | Explanatory Memorandum

  • Financial Institutions Supervisory Levies Collection Amendment Bill 2004

    Track (What's this?)

    Date
    12 Aug 2004 
    Chamber
    House of Representatives 
    Status
    Not Proceeding 
    Portfolio
    Treasury 
    Summary
    Part of a package of seven bills to implement changes to the financial sector levy setting framework, the bill amends the
    Financial Institutions Supervisory Levies Collection Act 1998
    to enable levies to be collected from authorised non-operating holding companies in the general insurance sector as well as those in the authorised deposit-taking institutions sector. Also contains an application provision. 

    Bill | Explanatory Memorandum

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