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TOTAL RESULTS: 92

• Treasury Laws Amendment (2023 Law Improvement Package No. 1) Bill 2023

  Track (What's this?)

  Date

  14 Jun 2023 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Australian Securities and Investments Commission Act 2001

  ,

  Corporations Act 2001

  and 42 other Acts to implement certain recommendations of the Australian Law Reform Commission’s Financial Services Interim Reports A and B to: ‘unfreeze’ the

  Acts Interpretation Act 1901

  so that the current version applies to the

  Australian Securities and Investments Commission Act 2001

  and

  Corporations Act 2001

  ; create a single glossary of defined terms in the

  Corporations Act 2001

  ; repeal redundant definitions; address unclear or incorrect provisions; simplify unnecessarily complex provisions; and make consequential and contingent amendments;

  Insurance Acquisitions and Takeovers Act 1991

  ,

  Insurance Act 1973

  ,

  Insurance Contracts Act 1984

  ,

  Life Insurance Act 1995

  and

  Terrorism and Cyclone Insurance Act 2003

  to implement findings of the thematic review of insurance instruments due to sunset on 1 October 2023;

  Corporations Act 2001

  and

  National Consumer Credit Protection Act 2009

  to move certain matters currently in legislative instruments into primary law. Also makes minor and technical amendments to 10 Acts in the Treasury portfolio and repeals the

  ASIC Corporations (Superannuation and Schemes: Underlying Investments) Instrument 2016/378

  . 

  Bill | Explanatory Memorandum

• Treasury Laws Amendment (Cyclone and Flood Damage Reinsurance Pool) Bill 2022

  Track (What's this?)

  Date

  09 Feb 2022 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Terrorism Insurance Act 2003

  to: establish a framework for a cyclone and cyclone-related flood damage reinsurance pool by extending the operation of the terrorism reinsurance scheme administered by the Australian Reinsurance Pool Corporation (ARPC); and amend the title of the Act to the

  Terrorism and Cyclone Insurance Act 2003

  ; and

  Insurance Act 1973

  to create a civil penalty for insurers who do not reinsure eligible cyclone risks with the ARPC. 

  Bill | Explanatory Memorandum