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
Portfolio: Treasury
Originating house: House of Representatives
Status: Act
Parliament no: 45

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

House of Representatives
Introduced and read a first time	19 Oct 2017
Second reading moved	19 Oct 2017
Second reading debate	05 Feb 2018
Second reading agreed to	05 Feb 2018
Consideration in detail debate Amendment details: 1 Opposition agreed to	05 Feb 2018
Third reading agreed to	05 Feb 2018

Senate
Introduced and read a first time	06 Feb 2018
Second reading moved	06 Feb 2018
Second reading debate	06 Feb 2018
Second reading debate	07 Feb 2018
Committee of the Whole debate	07 Feb 2018
Third reading agreed to	07 Feb 2018


Finally passed both Houses	07 Feb 2018
Assent Act no: 5 Year: 2018	20 Feb 2018

Documents and transcripts

Text of bill

First reading

Third reading

As passed by both Houses

Explanatory memoranda

Explanatory memorandum

Revised explanatory memorandum

Transcript of speeches

Proposed amendments

House of representatives

Non-Government
BOWEN, Chris, MP

Senate

Australian Greens [sheet 8343]
WHISH-WILSON, Sen Peter

Australian Greens [sheet 8342 revised]
WHISH-WILSON, Sen Peter

Schedules of amendments

No documents at present

Bills digest

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)

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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House of Representatives

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