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Bills of the current Parliament

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Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2019


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Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018



Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Corporations Act 2001 to introduce design and distribution obligations in relation to financial products; Corporations Act 2001 and National Consumer Credit Protection Act 2009 to introduce a product intervention power for the Australian Securities and Investments Commission to prevent or respond to significant consumer detriment; and Australian Securities and Investments Commission Act 2001 to make consequential amendments.

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 20/09/18  
Second reading moved 20/09/18  
Second reading debate 24/10/18  
Second reading debate 02/04/19  
Second reading agreed to 02/04/19  
Consideration in detail debate 02/04/19 Amendment details: 9 Government agreed to
Third reading agreed to 02/04/19  
     
Senate
Introduced and read a first time 03/04/19  
Second reading agreed to 03/04/19  
Third reading agreed to 03/04/19  
     
Finally passed both Houses 03/04/19  
Assent 05/04/19 Act no: 50 - Year: 2019
     

Text of bill

  • First reading

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  • Third reading

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  • As passed by both Houses

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Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML
  • Supplementary explanatory memorandum

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  • Revised explanatory memorandum

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Second reading speeches


Proposed amendments

House of Representatives
  • Government [sheet QQ100]

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Senate
  • Australian Greens [sheet 8571 revised]
WHISH-WILSON, Sen Peter

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Schedules of amendments

Bills Digest



Notes