Title Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019
Database Bills & Legislation
Long Title a Bill for an Act to amend the law relating to corporations, business names registration and consumer credit and to deal with consequential matters relating to the enactment of the [itals]Commonwealth Registers Act 2019[eitals], and for related purposes
Date 13-02-2019 10:41 AM
Source House of Reps
Parl No. 45
Bill Number 11/19
Bill Type Government
Portfolio Treasury
Reps Bill Code O
Status Not Proceeding
System Id legislation/bills/r6271_first-reps/0000


Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019
</head> <body lang="EN-AU" xml:lang="EN-AU"> <div class="WordSection1"> <p class="Session">2016‑2017‑2018‑2019</p> <p class="MsoNormal"><span style="font-size:14.0pt"> </span></p> <p class="MsoNormal"><span style="font-size:14.0pt">The Parliament of the</span></p> <p class="MsoNormal"><span style="font-size:14.0pt">Commonwealth of Australia</span></p> <p class="MsoNormal"><span style="font-size:14.0pt"> </span></p> <p class="House">HOUSE OF REPRESENTATIVES</p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="Reading">Presented and read a first time</p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="ShortT">Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019</p> <p class="MsoNormal"> </p> <p class="Actno">No.      , 2019</p> <p class="MsoNormal"> </p> <p class="Portfolio">(Treasury)</p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="LongT">A Bill for an Act to amend the law relating to corporations, business names registration and consumer credit and to deal with consequential matters relating to the enactment of the <i>Commonwealth Registers Act 2019</i>, and for related purposes</p> <p class="MsoHeader"><span class="CharAmSchNo"> </span><span class="CharAmSchText"> </span></p> <p class="MsoHeader"><span class="CharAmPartNo"> </span><span class="CharAmPartText"> </span></p> </div> <span style="font-size:11.0pt;font-family:"Times New Roman","serif""><br clear="all" style="page-break-before:always"/></span> <div class="WordSection2"> <p class="MsoNormal"><span style="font-size:18.0pt">Contents</span></p> <p class="MsoToc5">1............ Short title............................................................................................. 1</p> <p class="MsoToc5">2............ Commencement................................................................................... 2</p> <p class="MsoToc5">3............ Schedules............................................................................................ 4</p> <p class="MsoToc6">Schedule 1—Amendments relating to the Registrar<span style="font-size:9.0pt;font-weight:normal">                                        </span> <span style="font-size:9.0pt;font-weight:normal">5</span></p> <p class="MsoToc7">Part 1—Main amendments<span style="font-size:9.0pt">                                                                                        </span> <span style="font-size:9.0pt">5</span></p> <p class="MsoToc9">Business Names Registration Act 2011<span style="font-size: 9.0pt;font-style:normal">                                                                  </span> <span style="font-size:9.0pt;font-style:normal">5</span></p> <p class="MsoToc9">Business Names Registration (Transitional and Consequential Provisions) Act 2011<span style="font-size:9.0pt;font-style:normal">    </span> <span style="font-size:9.0pt;font-style:normal">18</span></p> <p class="MsoToc9">Corporations Act 2001<span style="font-size:9.0pt;font-style: normal">                                                                                            </span> <span style="font-size:9.0pt;font-style:normal">18</span></p> <p class="MsoToc9">National Consumer Credit Protection Act 2009<span style="font-size:9.0pt;font-style:normal">                                                </span> <span style="font-size:9.0pt;font-style:normal">31</span></p> <p class="MsoToc7">Part 2—Other amendments<span style="font-size:9.0pt">                                                                                     </span> <span style="font-size:9.0pt">46</span></p> <p class="MsoToc9">A New Tax System (Australian Business Number) Act 1999<span style="font-size:9.0pt;font-style:normal">                             </span> <span style="font-size:9.0pt;font-style:normal">46</span></p> <p class="MsoToc9">A New Tax System (Goods and Services Tax) Act 1999<span style="font-size:9.0pt;font-style:normal">                                     </span> <span style="font-size:9.0pt;font-style:normal">55</span></p> <p class="MsoToc9">Australian Prudential Regulation Authority Act 1998<span style="font-size:9.0pt;font-style:normal">                                     </span> <span style="font-size:9.0pt;font-style:normal">56</span></p> <p class="MsoToc9">Australian Securities and Investments Commission Act 2001<span style="font-size:9.0pt;font-style:normal">                         </span> <span style="font-size:9.0pt;font-style:normal">56</span></p> <p class="MsoToc9">Business Names Registration Act 2011<span style="font-size: 9.0pt;font-style:normal">                                                                </span> <span style="font-size:9.0pt;font-style:normal">57</span></p> <p class="MsoToc9">Business Names Registration (Transitional and Consequential Provisions) Act 2011<span style="font-size:9.0pt;font-style:normal">    </span> <span style="font-size:9.0pt;font-style:normal">82</span></p> <p class="MsoToc9">Corporations Act 2001<span style="font-size:9.0pt;font-style: normal">                                                                                            </span> <span style="font-size:9.0pt;font-style:normal">90</span></p> <p class="MsoToc9">Income Tax Assessment Act 1997<span style="font-size:9.0pt; font-style:normal">                                                                         </span> <span style="font-size:9.0pt;font-style:normal">197</span></p> <p class="MsoToc9">National Consumer Credit Protection Act 2009<span style="font-size:9.0pt;font-style:normal">                                              </span> <span style="font-size:9.0pt;font-style:normal">200</span></p> <p class="MsoToc9">National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009<span style="font-size:9.0pt;font-style:normal">    </span> <span style="font-size:9.0pt;font-style:normal">203</span></p> <p class="MsoToc9">Superannuation Industry (Supervision) Act 1993<span style="font-size:9.0pt;font-style:normal">                                           </span> <span style="font-size:9.0pt;font-style:normal">204</span></p> <p class="MsoToc9">Taxation Administration Act 1953<span style="font-size:9.0pt; font-style:normal">                                                                      </span> <span style="font-size:9.0pt;font-style:normal">207</span></p> <p class="MsoToc7">Part 3—Application of amendments<span style="font-size: 9.0pt">                                                                </span> <span style="font-size:9.0pt">213</span></p> <p class="MsoToc6">Schedule 2—Director identification numbers<span style="font-size:9.0pt;font-weight:normal">                                                  </span> <span style="font-size:9.0pt;font-weight:normal">215</span></p> <p class="MsoToc9">Corporations (Aboriginal and Torres Strait Islander) Act 2006<span style="font-size:9.0pt;font-style:normal">                  </span> <span style="font-size:9.0pt;font-style:normal">215</span></p> <p class="MsoToc9">Corporations Act 2001<span style="font-size:9.0pt;font-style: normal">                                                                                          </span> <span style="font-size:9.0pt;font-style:normal">224</span></p> <p class="MsoToc9">Income Tax Assessment Act 1936<span style="font-size:9.0pt; font-style:normal">                                                                         </span> <span style="font-size:9.0pt;font-style:normal">232</span></p> <p class="MsoToc9">Taxation Administration Act 1953<span style="font-size:9.0pt; font-style:normal">                                                                      </span> <span style="font-size:9.0pt;font-style:normal">233</span></p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> </div> <span style="font-size:11.0pt;font-family:"Times New Roman","serif""><br clear="all" style="page-break-before:always"/></span> <div class="WordSection3"> <p class="Page1">A Bill for an Act to amend the law relating to corporations, business names registration and consumer credit and to deal with consequential matters relating to the enactment of the <i>Commonwealth Registers Act 2019</i>, and for related purposes</p> <p class="MsoNormal" style="margin-top:12.0pt;line-height:normal"> <span style="font-size:16.0pt">The Parliament of Australia enacts:</span></p> <opc-section depth="0" ref="e5852cce0e6d4f2eb1b1c9e201d17065" title="1  Short title"><a name="e5852cce0e6d4f2eb1b1c9e201d17065"/><p class="ActHead5"><a name="_Toc358452"><span class="CharSectno">1</span>  Short title</a></p> <p class="subsection">                    This Act is the <i>Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2019</i>.</p> </opc-section><opc-section depth="0" ref="5f11713076e1480c98b0e0c4e8580b86" title="2  Commencement"><a name="5f11713076e1480c98b0e0c4e8580b86"/><p class="ActHead5"><a name="_Toc358453"><span class="CharSectno">2</span>  Commencement</a></p> <p class="subsection">              (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.</p> <p class="Tabletext"> </p> <table class="MsoNormalTable" border="1" cellspacing="0" cellpadding="0" width="474" style="margin-left:5.35pt;border-collapse:collapse;border:none"> <thead> <tr> <td width="474" colspan="3" valign="top" style="width:355.55pt;border-top:solid windowtext 1.5pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Commencement information</p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Column 1</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom: solid windowtext 1.0pt;padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Column 2</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Column 3</p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.5pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Provisions</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom: solid windowtext 1.5pt;padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Commencement</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.5pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="TableHeading">Date/Details</p> </td> </tr> </thead> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">1.  Sections 1 to 3 and anything in this <a name="opcBkStart" id="opcBkStart"/>Act not elsewhere covered by this table</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">The day this Act receives the Royal Assent.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">2.  Schedule 1</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">A day or days to be fixed by Proclamation.</p> <p class="Tabletext">However, if any of the provisions do not commence within the period of 24 months beginning on the day this Act receives the Royal Assent, they commence on the day after the end of that period.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">3.  Schedule 2, items 1 to 10</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">A day or days to be fixed by Proclamation.</p> <p class="Tabletext">However, if any of the provisions do not commence within the period of 24 months beginning on the day this Act receives the Royal Assent, they commence on the day after the end of that period.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">4.  Schedule 2, item 11</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">A single day to be fixed by Proclamation.</p> <p class="Tabletext">However, if the provisions do not commence within the period of 24 months beginning on the day this Act receives the Royal Assent, they commence on the day after the end of that period.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">5.  Schedule 2, item 12</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">At the same time as the commencement of the provisions covered by table item 4.</p> <p class="Tabletext">However, the provisions do not commence at all if Schedule 1 to the <i>Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Act 2019</i> commences before or on the same day as the provisions covered by table item 4.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">6.  Schedule 2, item 13</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">The later of:</p> <p class="Tablea">(a) immediately after the commencement of the provisions covered by table item 4; and</p> <p class="Tablea">(b) immediately after the commencement of Schedule 1 to the <i>Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Act 2019.</i></p> <p class="Tabletext">However, the provisions do not commence at all if the event mentioned in paragraph (b) does not occur.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">7.  Schedule 2, item 14</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">A single day to be fixed by Proclamation.</p> <p class="Tabletext">However, if the provisions do not commence within the period of 24 months beginning on the day this Act receives the Royal Assent, they commence on the day after the end of that period.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">8.  Schedule 2, item 15</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">At the same time as the commencement of the provisions covered by table item 4.</p> <p class="Tabletext">However, the provisions do not commence at all if Schedule 1 to the <i>Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Act 2019</i> commences before or on the same day as the provisions covered by table item 4.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">9.  Schedule 2, item 16</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">The later of:</p> <p class="Tablea">(a) immediately after the commencement of the provisions covered by table item 4; and</p> <p class="Tablea">(b) immediately after the commencement of Schedule 1 to the <i>Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Act 2019.</i></p> <p class="Tabletext">However, the provisions do not commence at all if the event mentioned in paragraph (b) does not occur.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> <tr> <td width="113" valign="top" style="width:3.0cm;border:none;border-bottom:solid windowtext 1.5pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">10.  Schedule 2, items 17 and 18</p> </td> <td width="255" valign="top" style="width:191.4pt;border:none;border-bottom:solid windowtext 1.5pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext">A day or days to be fixed by Proclamation.</p> <p class="Tabletext">However, if any of the provisions do not commence within the period of 24 months beginning on the day this Act receives the Royal Assent, they commence on the day after the end of that period.</p> </td> <td width="105" valign="top" style="width:79.1pt;border:none;border-bottom:solid windowtext 1.5pt; padding:0cm 5.35pt 0cm 5.35pt"> <p class="Tabletext"> </p> </td> </tr> </table> <p class="notetext"> 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.</p> <p class="subsection">              (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.</p> </opc-section><opc-section depth="0" ref="5070063896854a60b69be0d34ed2e502" title="3  Schedules"><a name="5070063896854a60b69be0d34ed2e502"/><p class="ActHead5"><a name="_Toc358454"><span class="CharSectno">3</span>  Schedules</a></p> <p class="subsection">                    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.</p> </opc-section><?DMS-Include seriesId="e6379517-5c8d-4ce2-8a51-8b8626dfb000"?><?DMS-Include seriesId="2bc5d117-fac2-48c8-a398-f71fa1dba29d"?></div> </body> </div></div></body></html>