Second Reading Speeches

Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Bill 2018

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

Track (What's this?)

Permalink

Summary

Implements certain recommendations of the ASIC Enforcement Review Taskforce by amending the

Corporations Act 2001
,
Australian Securities and Investments Commission Act 2001
,
National Consumer Credit Protection Act 2009
and
Insurance Contracts Act 1984
to: introduce a stronger penalty framework for corporate and financial sector misconduct; and make miscellaneous technical and consequential amendments.