Text of bill | Explanatory memoranda | Second reading speeches | Proposed amendments | Schedules of amendments | Bills Digest

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 (Banking Executive Accountability and Related Measures) Bill 2018


Previous citations:

Treasury Laws Amendment (Banking Executive Accountability and Related Measures) Bill 2017



Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Banking Act 1959 to: establish the Banking Executive Accountability Regime (BEAR) to impose accountability, remuneration, key personnel and notification obligations on authorised deposit-taking institutions and persons in director and senior executive roles; and provide the Australian Prudential Regulation Authority (APRA) with additional powers to investigate potential breaches of the BEAR and extend these powers to APRA’s other supervisory functions; and Australian Prudential Regulation Authority Act 1998 and Banking Act 1959 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 19/10/17  
Second reading moved 19/10/17  
Second reading debate 05/02/18  
Second reading agreed to 05/02/18  
Consideration in detail debate 05/02/18 Amendment details: 1 Opposition agreed to
Third reading agreed to 05/02/18  
     
Senate
Introduced and read a first time 06/02/18  
Second reading moved 06/02/18  
Second reading debate 06/02/18  
Second reading debate 07/02/18  
Committee of the Whole debate 07/02/18  
Third reading agreed to 07/02/18  
     
Finally passed both Houses 07/02/18  
Assent 20/02/18 Act no: 5 - Year: 2018
     

Text of bill

  • First reading

MS-Word PDF HTML
  • Third reading

MS-Word PDF HTML
  • As passed by both Houses

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML
  • Revised explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

House of Representatives
  • Non-Government
BOWEN, Chris, MP

MS-Word PDF HTML
Senate
  • Australian Greens [sheet 8343]
WHISH-WILSON, Sen Peter

MS-Word PDF HTML
  • Australian Greens [sheet 8342 revised]
WHISH-WILSON, Sen Peter

MS-Word PDF HTML

Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (19/10/2017): Senate Economics Legislation Committee; Committee report (24/11/2017)
  • Considered by scrutiny committee (15/11/2017): Senate Standing Committee for the Scrutiny of Bills; Scrutiny Digest 15 of 2017
  • Considered by scrutiny committee (28/11/2017): Parliamentary Joint Committee on Human Rights; Report 1 of 2018
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)