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

Previous Citations
  • Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018
Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
45

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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

House of Representatives
Introduced and read a first time 20 Sep 2018
Second reading moved 20 Sep 2018
Second reading debate 24 Oct 2018
Second reading debate 02 Apr 2019
Second reading agreed to 02 Apr 2019
Consideration in detail debate
  • Amendment details: 9 Government agreed to
02 Apr 2019
Third reading agreed to 02 Apr 2019
Senate
Introduced and read a first time 03 Apr 2019
Second reading agreed to 03 Apr 2019
Third reading agreed to 03 Apr 2019
Finally passed both Houses 03 Apr 2019
Assent
  • Act no: 50
  • Year: 2019
05 Apr 2019

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

House of representatives

Senate

Schedules of amendments

No documents at present

Bills digest

Notes

Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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