Treasury Laws Amendment (Enhancing ASIC’s Capabilities) Bill 2018

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
45

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Summary

Amends the: Australian Securities and Investments Commission Act 2001 to: require the Australian Securities and Investments Commission (ASIC) to consider the effects that the performance of its functions and the exercise of its powers will have on competition in the financial system; and remove the requirement for ASIC to engage staff under the Public Service Act 1999; and Australian Securities and Investments Commission Act 2001, Business Names Registration Act 2011, Corporations Act 2001 and Mutual Assistance in Business Regulation Act 1992 to make consequential amendments.

Progress

House of Representatives
Introduced and read a first time 28 Mar 2018
Second reading moved 28 Mar 2018
Second reading debate 27 Jun 2018
Second reading agreed to 27 Jun 2018
Third reading agreed to 27 Jun 2018
Senate
Introduced and read a first time 27 Jun 2018
Second reading moved 27 Jun 2018
Second reading debate 17 Sep 2018
Second reading agreed to 17 Sep 2018
Committee of the Whole debate 17 Sep 2018
Third reading agreed to 17 Sep 2018
Finally passed both Houses 17 Sep 2018
Assent
  • Act no: 122
  • Year: 2018
03 Oct 2018

Documents and transcripts

Text of bill

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Word Format PDF Format HTML Format

Explanatory memoranda

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Proposed amendments

Senate

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Schedules of amendments

No documents at present

Bills digest

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Notes

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.