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The Parliament of the
Commonwealth of Australia
As passed by both Houses
Financial Sector Reform (Hayne Royal Commission Response—Better Advice) Bill 2021
No. , 2021
A Bill for an Act to amend the law in relation to financial services, and for related purposes
Contents
1............................ Short title............................................................................ 1
2............................ Commencement................................................................. 1
3............................ Schedules........................................................................... 2
Schedule 1—Initial amendments 3
Part 1—Main amendments 3
Australian Securities and Investments Commission Act 2001 3
Corporations Act 2001 24
Part 2—Other amendments 83
Division 1—Amendments 83
Freedom of Information Act 1982 83
National Consumer Credit Protection Act 2009 83
Tax Agent Services Act 2009 85
Division 2—Application of amendments to the Tax Agent Services Act 2009 92
Part 3—Contingent amendments 95
Corporations Act 2001 95
Schedule 2—Later amendments 98
Corporations Act 2001 98
A Bill for an Act to amend the law in relation to financial services, and for related purposes
The Parliament of Australia enacts:
This Act is the Financial Sector Reform (Hayne Royal Commission Response—Better Advice) Act 2021 .
(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.
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Commencement information |
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Column 1 |
Column 2 |
Column 3 |
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Provisions |
Commencement |
Date/Details |
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1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table |
The day this Act receives the Royal Assent. |
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2. Schedule 1, Parts 1 and 2 |
1 January 2022. |
1 January 2022 |
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3. Schedule 1, Part 3 |
At the same time as item 1150 of Schedule 1 to the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 commences. |
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4. Schedule 2 |
A single day to be fixed by Proclamation. However, if the provisions do not commence within the period of 4 years beginning on the day this Act receives the Royal Assent, they commence on the day after the end of that period. |
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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.
Legislation 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.