Second Reading Speeches

Commonwealth Government Securities Legislation Amendment (Retail Trading) Bill 2012

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
43

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Summary

Amends the:

Commonwealth Inscribed Stock Act 1911
to facilitate trading of beneficial interests in Commonwealth Government Securities (CGS) on financial markets in Australia that are accessible to retail investors; and
Corporations Act 2001
to: require financial advisers to provide a prescribed information statement to retail clients when they give them personal advice about investing in CGS; and make technical amendments.

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