Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Bill 2018

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

Summary

Implements certain recommendations of the ASIC Enforcement Review Taskforce by amending the Corporations Act 2001, Australian Securities and Investments Commission Act 2001, National Consumer Credit Protection Act 2009 and Insurance Contracts Act 1984 to: introduce a stronger penalty framework for corporate and financial sector misconduct; and make miscellaneous technical and consequential amendments.

Progress

House of Representatives
Introduced and read a first time	24 Oct 2018
Second reading moved	24 Oct 2018
Second reading debate	28 Nov 2018
Second reading agreed to	28 Nov 2018
Consideration in detail debate	28 Nov 2018
Consideration in detail debate Amendment details: 3 Government agreed to	29 Nov 2018
Third reading agreed to	29 Nov 2018

Senate
Introduced and read a first time	03 Dec 2018
Second reading moved	03 Dec 2018
Second reading agreed to	14 Feb 2019
Third reading agreed to : Amendment details: 35 Opposition agreed to	14 Feb 2019

House of Representatives
Consideration of Senate message Details: House agreed to Senate amendments	18 Feb 2019


Finally passed both Houses	18 Feb 2019
Assent Act no: 17 Year: 2019	12 Mar 2019

Documents and transcripts

Text of bill

First reading

Third reading

As passed by both Houses

Explanatory memoranda

Explanatory memorandum

Revised explanatory memorandum

Supplementary explanatory memorandum

Transcript of speeches

Proposed amendments

House of representatives

Government [sheet GU156]

Non-Government [Sheet 2]
O'NEIL, Clare, MP

Non-Government [Sheet 1]
O'NEIL, Clare, MP

Senate

Australian Greens [sheet 8585]
WHISH-WILSON, Sen Peter

Opposition [sheet 8617 revised]
O'NEILL, Sen Deborah

Opposition [sheet 8616 revised]
O'NEILL, Sen Deborah

Schedules of amendments

Schedule of the amendments made by the Senate

Notes

Considered by scrutiny committee (14/11/2018): Senate Standing Committee for the Scrutiny of Bills; Scrutiny Digest 13 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.

Senate

House of Representatives

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