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Bills of the current Parliament

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 (Crisis Resolution Powers and Other Measures) Bill 2017


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the Banking Act 1959, Insurance Act 1973, Life Insurance Act 1995 and five other Acts to give the Australian Prudential Regulation Authority additional powers for crisis resolution and resolution planning in relation to regulated entities, including in relation to: statutory and judicial management; directions powers; transfer powers; conversion and write-off of capital instruments; stay provisions; foreign branches; the Financial Claims Scheme; and wind-up and other matters.

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 19/10/17  
Second reading moved 19/10/17  
Second reading debate 12/02/18  
Second reading agreed to 12/02/18  
Third reading agreed to 12/02/18  
     
Senate
Introduced and read a first time 13/02/18  
Second reading moved 13/02/18  
Second reading debate 14/02/18  
Second reading agreed to 14/02/18  
Third reading agreed to 14/02/18  
     
Finally passed both Houses 14/02/18  
Assent 05/03/18 Act no: 10 - Year: 2018
     

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