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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.

Corporations Amendment (Life Insurance Remuneration Arrangements) Bill 2016

Type	Government
Originating house	House of Representatives
Status	Act
Portfolio	Treasury

Summary

Amends the Corporations Act 2001 to: remove the exemption from the conflicted remuneration ban on benefits paid in relation to certain life risk insurance products; enable regulations to prescribe other circumstances where a benefit paid in relation to life insurance is conflicted remuneration even where no advice is provided; enable the Australian Securities and Investments Commission to permit benefits in relation to life risk insurance products when certain requirements are met; and ban volume based payments in life risk products.

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	12/10/16
Second reading moved	12/10/16
Second reading debate	28/11/16
Second reading debate	29/11/16
Second reading agreed to	29/11/16
Third reading agreed to	29/11/16

Senate
Introduced and read a first time	30/11/16
Second reading moved	30/11/16
Second reading debate	09/02/17
Second reading agreed to	09/02/17
Third reading agreed to	09/02/17

Finally passed both Houses	09/02/17
Assent	22/02/17	Act no: 6 - Year: 2017