Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Financial Sector Legislation Amendment (Restructures) Bill 2007

2004-2005-2006-2007

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

Financial Sector Legislation Amendment (Restructures) Bill 2007

 

No.      , 2007

 

(Treasury)

 

 

 

A Bill for an Act to amend certain laws relating to the financial sector, and for related purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedule(s)......................................................................................... 1

Schedule 1—Restructure relief: corporations law aspects                             3

Financial Sector (Transfers of Business) Act 1999                                                3

Schedule 2—Restructure relief: taxation aspects                                              17

Income Tax Assessment Act 1997                                                                             17

Schedule 3—Consequential amendments                                                               21

Australian Prudential Regulatory Authority Act 1998                                       21

Financial Sector (Transfers of Business) Act 1999                                              21

Income Tax Assessment Act 1997                                                                             22

Life Insurance Act 1995                                                                                            24

 



A Bill for an Act to amend certain laws relating to the financial sector, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Financial Sector Legislation Amendment (Restructures) Act 2007 .

2   Commencement

                   This Act commences on the day on which it receives the Royal Assent.

3   Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.