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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.

Corporations Legislation Amendment (Financial Services Modernisation) Bill 2009

Type	Government
Originating house	House of Representatives
Status	Act
Portfolio	Treasury

Summary

Amends the: Corporations Act 2001 to: set a national regulatory regime for margin loans; require that promissory notes valued at $50,000 or over are subject to the same regulatory regime as debentures; require the establishment of a public register of debenture trustees; and provide that Australian Capital Territory courts have jurisdiction for certain offences; and Australian Securities and Investments Commission Act 2001 and Corporations Act 2001 to transfer the regulation of trustee companies from the states and territories to the Commonwealth.

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	25/06/09
Second reading moved	25/06/09
Referred to Main Committee	08/09/09
Second reading debate	10/09/09
Second reading debate	14/09/09
Consideration in detail debate	14/09/09	Amendment details: 14 government agreed to
Reported from Main Committee	15/09/09
Third reading agreed to	15/09/09

Senate
Introduced and read a first time	26/10/09
Second reading moved	26/10/09
Second reading debate	26/10/09
Second reading agreed to	26/10/09
Third reading agreed to	26/10/09

Text of bill as passed both Houses	26/10/09
Assent	06/11/09	Act no.: 108 Year: 2009