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TOTAL RESULTS: 142

  • Date
    28 Nov 2019 
    Chamber
    House of Representatives 
    Status
    Assent 
    Portfolio
    Treasury 
    Summary
    Gives effect to certain recommendations of the Financial Services Royal Commission by amending the:
    Australian Securities and Investments Commission Act 2001
    (ASIC Act) and
    Insurance Contracts Act 1984
    (IC Act) to enable the unfair contract terms regime under the ASIC Act to apply to insurance contracts covered by the IC Act; ASIC Act and
    Corporations Act 2001
    to specify that the consumer protection provisions of the ASIC Act apply to funeral expenses policies;
    National Consumer Credit Protection Act 2009
    and
    National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009
    to: require mortgage brokers to act in the best interests of consumers and give priority to consumers in certain circumstances where there is a conflict of interest; provide that mortgage brokers and mortgage intermediaries must not accept conflicted remuneration; prohibit employers, credit providers and mortgage intermediaries from giving conflicted remuneration to mortgage brokers or mortgage intermediaries; and enable the circumstances in which the prohibition on conflicted remuneration applies to be prescribed by regulation; and
    National Consumer Credit Protection Act 2009
    to make consequential amendments. 

    Bill | Explanatory Memorandum

  • Date
    28 Nov 2019 
    Chamber
    House of Representatives 
    Status
    Assent 
    Portfolio
    Treasury 
    Summary
    Gives effect to certain recommendations of the Financial Services Royal Commission by amending the:
    Australian Securities and Investments Commission Act 2001
    (ASIC Act) and
    National Consumer Credit Protection Act 2009
    to: relocate the existing search warrant powers of the Australian and Securities Investment Commission (ASIC) from across ASIC administered legislation into the ASIC Act; and enhance ASIC's existing search warrant powers by reference to the search warrant powers in the
    Crimes Act 1914
    ;
    Telecommunications (Interception and Access) Act 1979
    to allow ASIC to receive and use interception information for its own investigations and prosecutions of serious offences;
    Corporations Act 2001
    to replace the requirement for obtaining an Australian financial services licence (AFS licence) that a person be of 'good fame and character' with the requirement that they be a 'fit and proper person';
    National Consumer Credit Protection Act 2009
    and
    National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009
    to: enable ASIC to cancel an AFS licence if the licensee does not start to provide the relevant financial services within six months after the licence is granted; clarify ASIC's power to suspend or cancel an Australian credit licence if the person does not engage, or ceases to engage, in credit activities; require licensees to notify ASIC if they do not start to provide the financial services or engage in the credit activities covered by the licence within six months of it being granted;
    Corporations Act 2001
    and
    National Consumer Credit Protection Act 2009
    to strengthen and broadly align provisions relating to false or misleading statements; and
    Corporations Act 2001
    ,
    National Consumer Credit Protection Act 2009
    and
    National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009
    to: expand the grounds on which ASIC can make a banning order against a person; and enable ASIC to make additional types of banning orders to prohibit a person from controlling or performing any or particular functions in relation to a financial services or credit business. Also amends seven Acts to make consequential amendments and provide for transitional arrangements. 

    Bill | Explanatory Memorandum

  • Date
    18 Sep 2019 
    Chamber
    House of Representatives 
    Status
    Assent 
    Portfolio
    Employment, Skills, Small and Family Business 
    Summary
    Part of a package of three bills to implement a tuition protection model for students participating in the VET Student Loans program and for higher education students accessing FEE-HELP or HECS-HELP assistance at a private education provider or TAFE, the bill imposes the HELP tuition protection levy, specifies the amounts that are payable by providers, and prescribes the levy components and the manner in which, and by whom, they will be determined each year. 

    Bill | Explanatory Memorandum

  • Date
    18 Sep 2019 
    Chamber
    House of Representatives 
    Status
    Assent 
    Portfolio
    Employment, Skills, Small and Family Business 
    Summary
    Part of a package of three bills to implement a tuition protection model for students participating in the VET Student Loans program and for higher education students accessing FEE-HELP or HECS-HELP assistance at a private education provider or TAFE, the bill imposes the VSL tuition protection levy, specifies the amounts that are payable by various classes of providers, and prescribes the levy components and the manner in which, and by whom, they will be determined each year. 

    Bill | Explanatory Memorandum

  • Date
    04 Jul 2019 
    Chamber
    House of Representatives 
    Status
    Assent 
    Portfolio
    Treasury 
    Summary
    Amends: the
    Corporations Act 2001
    to: introduce new criminal offences and civil penalty provisions for company officers that fail to prevent the company from making creditor-defeating dispositions and other persons that facilitate a company making a creditor-defeating disposition; allow liquidators to apply for a court order in relation to a voidable creditor-defeating disposition; enable the Australian Securities and Investments Commission to make orders to recover, for the benefit of a company’s creditors, company property disposed of or benefits received under a voidable creditor-defeating disposition; and prevent directors from improperly backdating resignations or ceasing to be a director when this would leave a company with no directors; the
    A New Tax System (Goods and Services Tax) Act 1999
    and
    Taxation Administration Act 1953
    to enable the Commissioner of Taxation to collect estimates of anticipated goods and services tax (GST) liabilities and make company directors personally liable for their company's GST liabilities in certain circumstances; the Taxation Administration Act 1953 to authorise the commissioner to retain tax refunds where a taxpayer has failed to lodge a return or provide other information that may affect the amount of a refund; and five Acts to make consequential amendments. 

    Bill | Explanatory Memorandum

  • Date
    13 Feb 2020 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Finance 
    Summary
    Appropriates additional money out of the Consolidated Revenue Fund for the ordinary annual services of the government, in addition to the appropriations provided for by the
    Appropriation Act (No. 1) 2019-2020
    and the
    Supply Act (No. 1) 2019-2020

    Bill | Explanatory Memorandum

  • Date
    13 Feb 2020 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Finance 
    Summary
    Appropriates additional money out of the Consolidated Revenue Fund for certain expenditure, in addition to the appropriations provided for by the
    Appropriation Act (No. 2) 2019-2020
    and the
    Supply Act (No. 2) 2019-2020

    Bill | Explanatory Memorandum

  • Date
    13 Feb 2020 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Defence 
    Summary
    Amends the:
    Defence Home Ownership Assistance Scheme Act 2008
    to extend the period after a member leaves the Australian Defence Force (ADF) within which they can access the Defence Home Ownership Assistance Scheme, from two to five years;
    Australian Defence Force Superannuation Act 2015
    to enable former ADF members, who have provided at least 12 months of service, to continue to make contributions to their ADF Super accounts; and
    Superannuation Industry (Supervision) Act 1993
    to require ADF Super to obtain relevant insurance products for ADF Super members who are no longer serving in the ADF. 

    Bill | Explanatory Memorandum

  • Date
    13 Feb 2020 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Agriculture, Drought and Emergency Management 
    Summary
    Amends the
    Farm Household Support Act 2014
    to: remove the use of business income reconciliation for the purposes of determining a person’s rate of farm household allowance; and remove the 28 day time limit for conducting a farm financial assessment. 

    Bill | Explanatory Memorandum

  • Date
    13 Feb 2020 
    Chamber
    House of Representatives 
    Status
    Before House of Representatives 
    Portfolio
    Industry, Science, Energy and Resources 
    Summary
    Establishes a National Radioactive Waste Management Facility to permanently dispose of low level radioactive waste and temporarily store intermediate level radioactive waste by amending the
    National Radioactive Waste Management Act 2012
    to: specify the site selected and enable the acquisition of additional land for the facility; abolish the National Repository Capital Contribution Fund and establish a Community Fund to provide economic and social sustainability for the community in which the facility will be located; and provide clear and objective links between the operation of the Act and the relevant Constitutional heads of power. 

    Bill | Explanatory Memorandum

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