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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.

Treasury Laws Amendment (Ending Grandfathered Conflicted Remuneration) Bill 2019


Type
Government
Originating house
House of Representatives
Status
Before Senate
Portfolio
Treasury

Summary

Implements a recommendation of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry by amending the Corporations Act 2001 to: remove grandfathering arrangements for conflicted remuneration and other banned remuneration from 1 January 2021; and enable regulations to provide for a scheme under which amounts that would otherwise have been paid as conflicted remuneration are rebated to affected customers.

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 01/08/19  
Second reading moved 01/08/19  
Second reading debate 10/09/19  
Second reading agreed to 10/09/19  
Third reading agreed to 10/09/19  
     
Senate
Introduced and read a first time 11/09/19  
Second reading moved 11/09/19  
     

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
  • Considered by scrutiny committee (11/09/2019): Senate Standing Committee for the Scrutiny of Bills; Scrutiny Digest 5 of 2019