Second Reading Speeches

Treasury Laws Amendment (2017 Measures No. 5) Bill 2017

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

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Summary

Introduced with the ASIC Supervisory Cost Recovery Levy Amendment Bill 2017, the bill amends the:

Corporations Act 2001
to: establish a new licensing regime requiring administrators of designated significant financial benchmarks to obtain a benchmark administrator licence from the Australian Securities and Investments Commission (ASIC); enable ASIC to make rules imposing a regulatory framework for licensed benchmark administrators and related matters; and create offences and penalties for manipulation of financial benchmarks;
Productivity Commission Act 1998
to provide for the appointment of an additional commissioner to oversee the work of the Productivity Commission in relation to the evaluation of policies and programs that have an impact on Indigenous persons; and
Corporations Act 2001
and
Treasury Laws Amendment (2016 Measures No. 1) Act 2017
to make consequential amendments.