Treasury Laws Amendment (Modernising Business Communications and Other Measures) Bill 2023

Previous Citations
  • Treasury Laws Amendment (Modernising Business Communications and Other Measures) Bill 2022
Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
47

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Summary

Amends the: Corporations Act 2001 to: enable all documents under the Act to be signed electronically and for certain documents to be sent in either hard copy or electronic form; and provide that companies are not required to send documents to a member where contact details are known to be incorrect; Australian Prudential Regulation Authority Act 1998, Australian Securities and Investments Commission Act 2001, Competition and Consumer Act 2010, National Consumer Credit Protection Act 2009 and Tax Agent Services Act 2009 to enable certain regulatory bodies to hold virtual hearings and examinations; Corporations Act 2001, Excise Act 1901 and Small Superannuation Accounts Act 1995 to allow electronic payments to be used; 11 Acts to require notices in newspapers to be published in an accessible and reasonably prominent manner; Australian Securities and Investments Commission Act 2001, Corporations Act 2001, ASIC Supervisory Cost Recovery Levy Act 2017 and Taxation Administration Act 1953 to: remove erroneous references and redundant definitions; apply consistent headings to definitions sections; and make minor technical amendments; Corporations Act 2001, National Consumer Credit Protection Act 2009 and National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 to move five legislative instruments into primary law; and 15 Acts to make minor technical amendments.

Progress

House of Representatives
Introduced and read a first time 23 Nov 2022
Second reading moved 23 Nov 2022
Second reading debate 06 Feb 2023
Second reading agreed to 06 Feb 2023
Consideration in detail debate
  • Amendment details: 2 Government agreed to
06 Feb 2023
Third reading agreed to 06 Feb 2023
Senate
Introduced and read a first time 07 Feb 2023
Second reading moved 07 Feb 2023
Second reading debate 04 Sep 2023
Second reading agreed to 04 Sep 2023
Committee of the Whole debate 04 Sep 2023
Third reading agreed to 04 Sep 2023
Finally passed both Houses 04 Sep 2023
Assent
  • Act no: 69
  • Year: 2023
14 Sep 2023

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

House of representatives

Senate

Schedules of amendments

No documents at present

Bills digest

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.

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