Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Bill 2018

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

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Summary

Implements certain recommendations of the ASIC Enforcement Review Taskforce by amending the Corporations Act 2001, Australian Securities and Investments Commission Act 2001, National Consumer Credit Protection Act 2009 and Insurance Contracts Act 1984 to: introduce a stronger penalty framework for corporate and financial sector misconduct; and make miscellaneous technical and consequential amendments.

Progress

House of Representatives
Introduced and read a first time 24 Oct 2018
Second reading moved 24 Oct 2018
Second reading debate 28 Nov 2018
Second reading agreed to 28 Nov 2018
Consideration in detail debate 28 Nov 2018
Consideration in detail debate
  • Amendment details: 3 Government agreed to
29 Nov 2018
Third reading agreed to 29 Nov 2018
Senate
Introduced and read a first time 03 Dec 2018
Second reading moved 03 Dec 2018
Second reading agreed to 14 Feb 2019
Third reading agreed to
  • : Amendment details: 35 Opposition agreed to
14 Feb 2019
House of Representatives
Consideration of Senate message
  • Details: House agreed to Senate amendments
18 Feb 2019
Finally passed both Houses 18 Feb 2019
Assent
  • Act no: 17
  • Year: 2019
12 Mar 2019

Documents and transcripts

Text of bill

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Explanatory memoranda

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Proposed amendments

House of representatives

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Senate

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Schedules of amendments

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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.