Save Search

Text of bill | Explanatory memoranda | Second reading speeches | Proposed amendments | Schedules of amendments | Bills Digest

Bills of previous Parliaments

Although every effort is made to ensure the accuracy of bills homepages, the authoritative sources for verifying the progress of bills are the House of Representatives Votes and Proceedings and the Journals of the Senate.

Financial Sector Legislation Amendment (Enhancing Supervision and Enforcement) Bill 2009


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends: the Life Insurance Act 1995 to establish a prudential regulation regime for non-operating holding companies of life insurance companies to be administered by the Australian Prudential Regulation Authority (APRA); 19 other Acts to make consequential amendments; and the Banking Act 1959, Insurance Act 1973, Life Insurance Act 1995, Superannuation Industry (Supervision) Act 1993 and First Home Saver Accounts Act 2008 to provide APRA with power to seek court injunctions against breaches of conditions or directions issued under those Acts.

Progress of bill

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

House of Representatives
Introduced and read a first time 19/03/09  
Second reading moved 19/03/09  
Second reading debate 27/05/09  
Second reading agreed to 27/05/09  
Third reading agreed to 27/05/09  
     
Senate
Introduced and read a first time 15/06/09  
Second reading moved 15/06/09  
Second reading debate 13/08/09  
Second reading agreed to 13/08/09  
Third reading agreed to 13/08/09  
     
Text of bill as passed both Houses 13/08/09  
Assent 27/08/09 Act no.: 75 - Year: 2009
     

Text of bill

  • First reading

MS-Word PDF HTML
  • As passed by both Houses

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
  • Referred to Committee (19/03/2009): Senate Economics Committee
  • Committee report (07/05/2009)
  • Access information for House of Representatives and Senate committees
  • An electronic version of this Act is available in ComLaw ( www.comlaw.gov.au )