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Treasury Laws Amendment (Modernising Business Communications) Bill 2022

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
46

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Summary

Amends: the Corporations Act 2001 to: allow all documents to be signed or executed electronically; allow certain additional categories of documents to be sent electronically; amend the criteria with which an entity must comply before they are relieved from their obligations to provide a document to a member; and make consequential amendments; the Corporate Collective Investment Vehicle Framework and Other Measures Act 2022 and Corporations Act 2001 to make amendments contingent on the commencement of the Corporate Collective Investment Vehicle Framework and Other Measures Act 2022; the National Consumer Credit Protection Act 2009 to allow documents under the National Credit Code to be given in either physical or electronic form, or by the provision of an electronic postcard; the National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 to include application, transitional and saving provisions; the Corporations Act 2001, Excise Act 1901 and Small Superannuation Accounts Act 1995 to remove certain requirements relating to payments; and 11 Acts to provide that notices required or permitted to be published in newspapers can now be published in a manner that results in the notice being accessible to the public and reasonably prominent.

Progress

House of Representatives
Introduced and read a first time 17 Feb 2022
Second reading moved 17 Feb 2022
Lapsed at dissolution 11 Apr 2022

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

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.