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TOTAL RESULTS: 187

  • Date
    09 Dec 2020 
    Chamber
    House of Representatives 
    Status
    Assent 
    Portfolio
    Industrial Relations 

    Bill | Explanatory Memorandum

  • Date
    03 Dec 2020 
    Chamber
    House of Representatives 
    Status
    Assent 
    Portfolio
    Attorney-General 
    Summary
    Introduced with the National Emergency Declaration Bill 2020 to implement a recommendation of the Royal Commission into National Natural Disaster Arrangements, the bill amends: 24 Acts, four regulations and four ordinances that contain powers that are used by the Commonwealth when responding to, or supporting the recovery from, emergencies to enable the use of alternative or simplified statutory tests to streamline the exercise of those powers where a national emergency has been declared; and
    National Emergency Declaration Act 2020
    and
    Radiocommunications Act 1992
    to make amendments contingent on the commencement of the
    Radiocommunications Legislation Amendment (Reform and Modernisation) Act 2020

    Bill | Explanatory Memorandum

  • Date
    03 Dec 2020 
    Chamber
    House of Representatives 
    Status
    Assent 
    Portfolio
    Attorney-General 
    Summary
    Introduced with the National Emergency Declaration (Consequential Amendments) Bill 2020 to implement a recommendation of the Royal Commission into National Natural Disaster Arrangements, the bill: establishes a framework for the declaration of a national emergency by the Governor-General, on the advice of the Prime Minister; enables ministers to suspend, vary or substitute administrative requirements in legislation they administer in certain circumstances; and enables the Prime Minister to require Commonwealth entities to report on available stockpiles, assets and resources, and options and recommendations to respond to a national emergency. 

    Bill | Explanatory Memorandum

  • Date
    02 Dec 2020 
    Chamber
    House of Representatives 
    Status
    Assent 
    Portfolio
    Treasury 
    Summary
    Amends: the
    Income Tax Assessment Act 1997
    and
    Income Tax (Transitional Provisions) Act 1997
    to: provide an alternative mechanism to the existing test for working out if the $5 billion threshold applies to qualify for the temporary full expensing concession; enable entities to opt out of temporary full expensing and the backing business investment incentives on an asset-by-asset basis; and make a minor clarification to the operation of the temporary loss carry back provisions; the
    Income Tax (Transitional Provisions) Act 1997
    to make a minor technical correction; the
    Competition and Consumer Act 2010
    to: reallocate the responsibility for conducting sectoral assessments and making consumer data rules; and make miscellaneous amendments in relation to the consumer data right regime; the
    Australian Charities and Not-for-profits Commission Act 2012
    to provide that an entity is not a basic religious charity if the entity has been identified as being responsible for past institutional child sexual abuse and it has not participated in the National Redress Scheme for Institutional Child Sexual Abuse; and 17 Acts in the Treasury portfolio to make minor and technical amendments. Also repeals 18 Acts in the Treasury portfolio. 

    Bill | Explanatory Memorandum

  • Date
    12 Nov 2020 
    Chamber
    House of Representatives 
    Status
    Assent 
    Portfolio
    Treasury 
    Summary
    Introduced with the Financial Sector Reform (Hayne Royal Commission Response) Bill 2020, the bill amends the
    Corporations (Fees) Act 2001
    to enable the Australian Securities and Investments Commission to charge a fee for an application by an entity to be exempted from the deferred sales model for add-on insurance products. 

    Bill | Explanatory Memorandum

  • Date
    12 Nov 2020 
    Chamber
    House of Representatives 
    Status
    Assent 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Corporations Act 2001
    to: establish a debt restructuring process for eligible small companies and provide temporary relief for eligible companies seeking to enter the process; and expand the situations where documents relating to the external administration of a company may be given electronically and allow documents relating to the external administration of a company to be signed electronically; and
    Bankruptcy Act 1966
    and
    Corporations Act 2001
    to establish a simplified liquidation process for the purpose of winding up the affairs and distributing the property of an eligible company in a creditors' voluntary winding up, as well as the requirements for entering and exiting the process. Also makes consequential amendments to seven Acts. 

    Bill | Explanatory Memorandum

  • Date
    12 Nov 2020 
    Chamber
    House of Representatives 
    Status
    Assent 
    Portfolio
    Treasury 
    Summary
    Introduced with the Corporations (Fees) Amendment (Hayne Royal Commission Response) Bill 2020, the bill amends the:
    Corporations Act 2001
    and
    National Consumer Credit Protection Act 2009
    to strengthen the existing voluntary code of conduct framework by enabling the Australian Securities and Investments Commission (ASIC) to designate enforceable code provisions in approved codes of conduct which, if breached, may attract civil penalties; and establish a mandatory code of conduct framework for the financial services and consumer credit industry through regulations, with the ability to designate certain provisions of civil penalty provisions;
    Insurance Contracts Act 1984
    to: limit the circumstances in which an insurer can avoid a life insurance contract on the basis of non-fraudulent misrepresentation or non-disclosure by an insured; and replace the duty of disclosure for consumer insurance contracts with a duty to take reasonable care not to make a misrepresentation;
    Australian Securities and Investments Commission Act 2001
    to: implement an industry wide deferred sales model for the sale of add-on insurance products; and formalise ASIC's meeting procedures;
    Corporations Act 2001
    to: provide for the interaction of the deferred sales model with the anti hawking obligations; make claims handling and settling a financial service; and ban the hawking of financial products;
    Australian Securities and Investments Commission Act 2001
    and
    National Consumer Credit Protection Act 2009
    to cap the commission that may be paid in relation to add-on risk products supplied in connection with the sale or long-term lease of a motor vehicle; Insurance Act 1973 to restrict the use of the terms 'insurance' and 'insurer';
    Superannuation Industry (Supervision) Act 1993
    to: impose a new condition on licences held by a body corporate trustee of a registrable superannuation entity; and amend the roles and responsibilities of superannuation industry regulators;
    Australian Securities and Investments Commission Act 2001
    and
    Corporations Act 2001
    to extend the financial services licensing regime to cover a broader range of activities undertaken by superannuation trustees regulated by the Australian Prudential Regulation Authority (APRA);
    Corporations Act 2001
    ,
    National Consumer Credit Protection Act 2009
    and
    National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009
    to: impose new obligations on financial services licensee and credit licensees in relation to reference checking and information sharing, and breach reporting and remediation; and clarify and strengthen the breach reporting regime for financial services licensees and introduce a breach reporting regime for credit licensees;
    Australian Prudential Regulation Authority Act 1998
    and
    Australian Securities and Investments Commission Act 2001
    to require APRA and ASIC to cooperate and share information with each other, including requiring them to notify each other when they reasonably believe there may be material breaches of each other's legislation. Also makes consequential amendments to five Acts. 

    Bill | Explanatory Memorandum

  • Date
    12 Nov 2020 
    Chamber
    House of Representatives 
    Status
    Assent 
    Portfolio
    Social Services 
    Summary
    Amends the:
    Social Security Act 1991
    to: extend the COVID-19 supplement to 31 March 2021 for all persons in receipt of youth allowance, including full time students and new apprentices; extend the temporary COVID-19 qualification rules for jobseeker payment and youth allowance to 31 March 2021; end the COVID-19 exemptions from the liquid assets test waiting period and assets tests from 1 January 2021; and temporarily enable the minister to determine modifications to specified provisions of the social security law in response to COVID-19;
    Farm Household Support Act 2014
    and
    Social Security Act 1991
    to provide that the COVID-19 supplement and the exemptions from the ordinary waiting period, newly arrived resident's waiting period and seasonal work preclusion period cannot be extended beyond 31 March 2021; and
    Social Security Act 1991
    and
    Veterans' Entitlements Act 1986
    to introduce a discretionary power to extend the principal home exemption temporary absence provisions for the purposes of the social security and veterans' entitlements assets tests. Also permits jobkeeper information provided to Services Australia on or before 28 March 2021 to continue to be used after that date. 

    Bill | Explanatory Memorandum

  • Date
    11 Nov 2020 
    Chamber
    House of Representatives 
    Status
    Assent 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Income Tax Assessment Act 1997
    to: enable the minister to declare certain grant programs as eligible for non-assessable non-exempt income tax treatment under an instrument-making power; and update the list of deductible gift recipients to include Neighbourhood Watch Australasia; and
    Income Tax Assessment Act 1997
    and
    Superannuation (Unclaimed Money and Lost Members) Act 1999
    to facilitate the payment of unclaimed superannuation held by the Commissioner of Taxation directly to New Zealand KiwiSaver schemes. 

    Bill | Explanatory Memorandum

  • Date
    29 Oct 2020 
    Chamber
    House of Representatives 
    Status
    Assent 
    Portfolio
    Health 
    Summary
    Amends the
    Health Insurance Act 1973
    to enable the Commonwealth to recover amounts overpaid for incorrectly claimed Medicare benefits or payments where a false or misleading statement has led to a payment that should not have been made. 

    Bill | Explanatory Memorandum

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