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TOTAL RESULTS: 5619

  • Date
    28 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Introduced with the Financial Sector Reform (Hayne Royal Commission Response No. 3) Bill 2021, Financial Services Compensation Scheme of Last Resort Levy Bill 2021 and Financial Services Compensation Scheme of Last Resort Levy (Collection) Bill 2021, the bill establishes a financial accountability regime to impose accountability, key personnel, deferred remuneration and notification obligations on directors and senior executives of financial entities in the banking, insurance and superannuation industries. 

    Bill | Explanatory Memorandum

  • Date
    28 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Introduced with the Financial Accountability Regime Bill 2021, Financial Services Compensation Scheme of Last Resort Levy Bill 2021 and Financial Services Compensation Scheme of Last Resort Levy (Collection) Bill 2021, the bill amends: 12 Acts to make amendments consequential on the new financial accountability regime;
    Australian Prudential Regulation Authority Act 1998
    and
    Banking Act 1959
    to make amendments consequential on the end of the banking executive accountability regime; and the
    Corporations Act 2001
    ,
    Australian Securities and Investments Commission Act 2001
    and
    National Consumer Credit Protection Act 2009
    to establish the financial services compensation scheme of last resort to provide compensation to eligible consumers where the Australian Financial Complaints Authority has made a determination in their favour that remains unpaid. 

    Bill | Explanatory Memorandum

  • Date
    28 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Introduced with the Financial Accountability Regime Bill 2021, Financial Sector Reform (Hayne Royal Commission Response No. 3) Bill 2021 and Financial Services Compensation Scheme of Last Resort Levy (Collection) Bill 2021, the bill provides for the collection and administration of the levy imposed by the
    Financial Services Compensation Scheme of Last Resort Levy Act 2021

    Bill | Explanatory Memorandum

  • Date
    28 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Introduced with the Financial Accountability Regime Bill 2021, Financial Sector Reform (Hayne Royal Commission Response No. 3) Bill 2021 and Financial Services Compensation Scheme of Last Resort Levy (Collection) Bill 2021, the bill imposes a levy on certain industry entities to recover the cost of the compensation scheme of last resort. 

    Bill | Explanatory Memorandum

  • Date
    28 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    National Disability Insurance Scheme 
    Summary
    Implements certain recommendations of the 2019 review of the
    National Disability Insurance Scheme Act 2013
    (the Tune review) by amending the: National Disability Insurance Scheme Act 2013 to establish the Participant Service Guarantee to provide timeframes and engagement principles for how the National Disability Insurance Agency undertakes key administrative processes; enable participant’s plans to be varied without requiring a full plan review; amend the objects and principles of the Act; clarify the eligibility criteria for people with psychosocial disability; streamline certain administrative processes for participants; provide clarity in relation to decisions about plan management requests and extend the risk assessment process for self-management of funding to those using registered plan management providers; enable the National Disability Insurance Agency to make direct payments on behalf of participants; and remove redundant provisions and make technical amendments; and
    DisabilityCare Australia Fund Act 2013
    to make a consequential amendment. 

    Bill | Explanatory Memorandum

  • Date
    28 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Before Senate 
    Portfolio
    Health 
    Summary
    Amends the:
    National Health Act 1953
    to: provide for price reductions on the fifth, tenth and fifteenth anniversary of a drug listing on the Pharmaceutical Benefits Scheme (PBS), and when the first new brand of a drug lists on the PBS; retain ministerial discretion to ensure that the minister can intervene if a legislated price reduction were to have an unintended consequence; and establish a price reduction floor, and stockholding requirements, for certain PBS listed brands that may be susceptible to global medicines shortages; and
    National Health Amendment (Pharmaceutical Benefits—Budget and Other Measures) Act 2018
    to remove redundant provisions. 

    Bill | Explanatory Memorandum

  • Date
    27 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Before Senate 
    Portfolio
    Treasury 
    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. 

    Bill | Explanatory Memorandum

  • Date
    27 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Passed Both Houses 
    Portfolio
    Social Services 
    Summary
    Provides a further response to the final report of the second year review of the National Redress Scheme by amending the
    National Redress Scheme for Institutional Child Sexual Abuse Act 2018
    to: extend the funder of last resort arrangements to encompass non-defunct institutions that are unable to participate in the scheme, and defunct institutions with which participating jurisdictions do not share responsibility for abuse and there is no parent institution to take responsibility; and provide the scheme operator with specific authority to disclose certain protected information about non-participating institutions. 

    Bill | Explanatory Memorandum

  • Date
    27 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Superannuation Guarantee (Administration) Act 1992
    to remove the $450-a-month threshold before an employee's salary or wages count towards the superannuation guarantee;
    Taxation Administration Act 1953
    to increase the limit on the maximum amount of voluntary contributions made over multiple financial years that are eligible to be released under the First Home Super Saver Scheme from $30 000 to $50 000;
    Income Tax Assessment Act 1997
    to: enable individuals aged 60 and above to make downsizer contributions to their superannuation plan from the proceeds of selling their home; apply the work test to individuals aged between 67 and 75 who claim a deduction for personal superannuation contributions and allow such individuals to make or receive non-concessional superannuation contributions under the bring forward rule; and enable superannuation trustees to choose their preferred method of calculating exempt current pension income when they have member interests in both accumulation and retirement phases for part, but not all, of the income year; and
    Income Tax (Transitional Provisions) Act 1997
    to extend the temporary full expensing regime to 30 June 2023. 

    Bill | Explanatory Memorandum

  • Date
    25 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Sponsor
    SHARKIE, Rebekha, MP 
    Summary
    Amends the
    Aged Care Act 1997
    to: enable aged care recipients to access clear information regarding the administrative and management fees charged for home care services; ensure that home care charges are spent on home care services provided rather than on administrative or management charges for provision of those services; enable aged care recipients to exit a home care agreement without financial penalty; and access relevant information regarding the costs of home care packages by approved providers in their local area when looking to enter into a home care agreement. 

    Bill | Explanatory Memorandum

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