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

    Track (What's this?)

    Date
    27 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Not Proceeding 
    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

  • National Redress Scheme for Institutional Child Sexual Abuse Amendment (Funders of Last Resort and Other Measures) Bill 2021

    Track (What's this?)

    Date
    27 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Act 
    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

  • Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 2021

    Track (What's this?)

    Date
    27 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Act 
    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

  • Electoral Legislation Amendment (Assurance of Senate Counting) Bill 2021

    Track (What's this?)

    Date
    28 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Special Minister of State 
    Summary
    Amends the
    Commonwealth Electoral Act 1918
    to: respond to a recommendation of the Joint Standing Committee on Electoral Matters'
    Report on the conduct of the 2016 federal election and matters related thereto
    by requiring the Electoral Commissioner to implement certain processes to assure the security and accuracy of the computer systems (including the systems for scanning ballot papers and counting votes) used to scrutinise votes for a Senate election; clarify the process for resolving candidate ties; clarify that the 'bulk exclusion' process is not required to be used in the computerised scrutiny process; allow a scrutineer to request access to an original ballot paper to resolve a question about formality or a preference vote being counted in the scrutiny of a Senate election; and require the Electoral Commissioner to publish Senate election data for each formal ballot case in the election within 7 days of the return of the writ for a Senate election. 

    Bill | Explanatory Memorandum

  • Electoral Legislation Amendment (Contingency Measures) Bill 2021

    Track (What's this?)

    Date
    28 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Special Minister of State 
    Summary
    Amends the
    Commonwealth Electoral Act 1918
    to: implement certain recommendations of the Joint Standing Committee on Electoral Matters'
    Report of the inquiry on the future conduct of elections operating during times of emergency situations
    by enabling the Electoral Commissioner to make limited operational modifications by legislative instrument where an emergency declaration has been issued under a Commonwealth law and moving the existing power to adjourn or suspend polling at a polling place or pre-poll voting office from local polling booth presiding officers to the Electoral Commissioner; delay the commencement of the scrutiny for a House of Representatives election for a Division where polling has been adjourned or temporarily suspended; prevent scrutineers and Australian Electoral Commission officers from disclosing the results of a Senate election in a Division where polling has been adjourned; and make minor amendments in relation to the cut-off date for postal vote applications and the format of postal vote certificates. 

    Bill | Explanatory Memorandum

  • Electoral Legislation Amendment (Voter Integrity) Bill 2021

    Track (What's this?)

    Date
    28 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Not Proceeding 
    Portfolio
    Special Minister of State 
    Summary
    Responds to recommendations of the Joint Standing Committee on Electoral Matters' reports into the conduct of the 2013, 2016 and 2019 elections by amending the
    Commonwealth Electoral Act 1918
    and
    Referendum (Machinery Provisions) Act 1984
    to require voters to provide an acceptable form of identification, or alternatively an attestation from another enrolled person who does have an acceptable form of identification, in order to cast an ordinary pre-poll or polling day vote in federal elections and referendums. 

    Bill | Explanatory Memorandum

  • Financial Accountability Regime Bill 2021

    Track (What's this?)

    Date
    28 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Not Proceeding 
    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

  • Financial Sector Reform (Hayne Royal Commission Response No. 3) Bill 2021

    Track (What's this?)

    Date
    28 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Not Proceeding 
    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

  • Financial Services Compensation Scheme of Last Resort Levy (Collection) Bill 2021

    Track (What's this?)

    Date
    28 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Not Proceeding 
    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

  • Financial Services Compensation Scheme of Last Resort Levy Bill 2021

    Track (What's this?)

    Date
    28 Oct 2021 
    Chamber
    House of Representatives 
    Status
    Not Proceeding 
    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

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