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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.

Banking Amendment (Controls on Variable Interest Rate Changes) Bill 2010


Type
Private
Originating house
Senate
Status
Not Proceeding
Sponsor
BROWN, Sen Bob

Summary

Amends the Banking Act 1959 to require authorised deposit-taking institutions for a 24-month period to: not increase variable interest rate loans and mortgages by more than the Reserve Bank interest rate increases; and not decrease variable interest rate loans and mortgages by less than the Reserve Bank interest rate decreases.

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 18/11/10  
Second reading moved 18/11/10  
Lapsed at end of Parliament 12/11/13  
     

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