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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
Not Proceeding
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 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 11/02/16  
Second reading moved 11/02/16  
Second reading debate 03/03/16  
Second reading agreed to 03/03/16  
Consideration in detail debate 03/03/16  
Third reading agreed to 03/03/16  
     
Senate
Introduced and read a first time 16/03/16  
Second reading moved 16/03/16  
Lapsed at prorogation 17/04/16  
     

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
  • Referred to Committee (25/02/2016): Senate Economics Legislation Committee; Committee report (15/03/2016)