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Treasury Legislation Amendment (Unclaimed Money and Other Measures) Bill 2012

2010-2011-2012

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

As passed by both Houses

 

 

 

 

 

 

 

 

 

Treasury Legislation Amendment (Unclaimed Money and Other Measures) Bill 2012

 

No.      , 2012

 

 

 

 

 

A Bill for an Act to amend the law relating to unclaimed money, and for other purposes

   

   



Contents

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

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

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

Schedule 1—Banking                                                                                                            4

Banking Act 1959                                                                                                         4

Schedule 2—First Home Saver Accounts                                                                 8

First Home Saver Accounts Act 2008                                                                       8

Schedule 3—Life insurance                                                                                            11

Life Insurance Act 1995                                                                                            11

Schedule 4—Superannuation                                                                                        14

Superannuation (Unclaimed Money and Lost Members) Act 1999                  14

Schedule 5—Corporations                                                                                               17

Australian Securities and Investments Commission Act 2001                           17

Corporations Act 2001                                                                                              17

 



A Bill for an Act to amend the law relating to unclaimed money, and for other purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Treasury Legislation Amendment (Unclaimed Money and Other Measures) Act 2012 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

2.  Schedule 1, items 1 to 7

1 July 2013.

1 July 2013

3.  Schedule 1, item 8

The day after this Act receives the Royal Assent.

 

4.  Schedule 2, items 1 to 5

1 July 2013.

1 July 2013

5.  Schedule 2, item 6

The day after this Act receives the Royal Assent.

 

6.  Schedule 3, items 1, 2 and 3

1 July 2013.

1 July 2013

7.  Schedule 3, item 4

The day after this Act receives the Royal Assent.

 

8.  Schedule 4, items 1 to 4

The day after this Act receives the Royal Assent.

 

9.  Schedule 4, items 5 and 6

30 December 2012.

30 December 2012

10.  Schedule 4, items 7 and 8

The day after this Act receives the Royal Assent.

 

11.  Schedule 5

The day after this Act receives the Royal Assent.

 

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

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.