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Corporations and Financial Sector Legislation Amendment Bill 2013

2010-2011-2012-2013

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

As passed by both Houses

 

 

 

 

 

 

 

 

 

Corporations and Financial Sector Legislation Amendment Bill 2013

 

No.      , 2013

 

 

 

 

 

A Bill for an Act to amend the law relating to corporations and the financial sector, and for other purposes

   

   



Contents

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

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

3............ Schedule(s)......................................................................................... 2

Schedule 1—Amendments                                                                                                 3

Part 1—Payment systems and netting                                                                   3

Payment Systems and Netting Act 1998                                                                   3

Part 2—Review of licences                                                                                         6

Corporations Act 2001                                                                                                6

Part 3—International business regulators                                                             8

Australian Securities and Investments Commission Act 2001                             8

Mutual Assistance in Business Regulation Act 1992                                            9

Part 4—Reporting on ASIC’s information gathering powers                 11

Australian Securities and Investments Commission Act 2001                           11

Part 5—Disclosure of information by the Reserve Bank                           12

Reserve Bank Act 1959                                                                                              12

Part 6—Consequential amendments relating to derivative trade repositories       14

Carbon Credits (Carbon Farming Initiative) Act 2011                                      14

Clean Energy Regulator Act 2011                                                                          14

Corporations Act 2001                                                                                              15

Part 7—Other amendments                                                                                       16

Corporations Act 2001                                                                                              16

 



A Bill for an Act to amend the law relating to corporations and the financial sector, and for other purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Corporations and Financial Sector Legislation Amendment Act 2013 .

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

The 28th 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.