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Treasury Laws Amendment (Banking Measures No. 1) Bill 2017

Originating house
House of Representatives
Parliament no

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Amends the: Banking Act 1959 to: enable the Australian Prudential Regulation Authority (APRA) to makes rules and directions relating to the provision of finance by non-authorised deposit-taking institution lenders which APRA has identified may materially contribute to risks of instability in the Australian financial system; remove restrictions on the use of the term ‘bank’; and insert an objects provision; National Consumer Credit Protection Act 2009 to: require that the suitability of a credit card contract is assessed on the consumer’s ability to repay the credit limit within a certain period; prohibit providers from making unsolicited credit limit offers in relation to credit card contracts and from retrospectively charging interest on credit card balances; and enable consumers to reduce credit card limits and terminate credit card contracts, including by online means; and Financial Sector (Collection of Data) Act 2001, Insurance Act 1973, Life Insurance Act 1995 and National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 to make consequential amendments.


House of Representatives
Introduced and read a first time 19 Oct 2017
Second reading moved 19 Oct 2017
Second reading debate 06 Feb 2018
Referred to Federation Chamber 06 Feb 2018
Second reading debate 07 Feb 2018
Second reading agreed to 07 Feb 2018
Reported from Federation Chamber 07 Feb 2018
Third reading agreed to 07 Feb 2018
Introduced and read a first time 08 Feb 2018
Second reading moved 08 Feb 2018
Second reading debate 14 Feb 2018
Second reading debate 15 Feb 2018
Second reading agreed to 15 Feb 2018
Third reading agreed to 15 Feb 2018
Finally passed both Houses 15 Feb 2018
  • Act no: 9
  • Year: 2018
05 Mar 2018

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest


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.

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