Summary

Amends the: Australian Prudential Regulation Authority Act 1998 and Financial Institutions Supervisory Levies Collection Act 1998 in relation to financial institutions supervisory levies; Financial Sector (Transfers of Business) Act 1999 in relation to a transfer of a business; Insurance Act 1973 in relation to general insurance matters; General Insurance Reform Act 2001 to correct a drafting error; Insurance Acquisitions and Takeovers Act 1991 to remove the 30 day time limit for ministerial approval of an application for a merger or acquisition; and make consequential amendments; Life Insurance Act 1995 to remove sunset clauses on the right to appeal prudential decisions to the Administrative Appeals Tribunal; Reserve Bank Act 1959 in relation to: superannuation provisions and procedures for Reserve Bank, Reserve Bank Board and Payments System Board appointments, terminations and resignations; and location of the head office; Superannuation Industry (Supervision) Act 1993 in relation to: winding up procedures for superannuation funds with less than five members; and Australian Taxation Office secrecy provisions; and Superannuation Supervisory Levy Imposition Act 1998 in relation to the levy payable by a previously unregulated superannuation entity.