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Bills of the current Parliament

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Corporations Amendment (Financial Advice) Bill 2014


Type
Private
Originating house
Senate
Status
Before Senate
Sponsor
WHISH-WILSON, Sen Peter

Summary

Amends the Corporations Act 2001 to provide that the term ‘advice’ can only be used when financial advice takes account of a client’s personal financial situation by: replacing references to ‘general advice’ with references to ‘general information’; and requiring that when ‘general information’ is provided to a client, the client is warned that the information is not advice.

Progress of bill

For committee reference information, please see the Notes section at the end of this page.

Senate
Introduced and read a first time 02/09/14  
Second reading moved 02/09/14  
     

Text of bill

  • First reading

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes