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  • Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024

    Track (What's this?)

    Date
    27 Mar 2024 
    Chamber
    House of Representatives 
    Status
    Before Senate 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Corporations Act 2001
    and 8 other Acts to implement recommendations by the Council of Financial Regulators in relation to Australia’s financial market infrastructure by: introducing a crisis management and resolution regime for domestic clearing and settlement (CS) facilities; expanding the licensing, supervisory and enforcement powers of the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA); and transferring certain powers relating to the licensing and supervision of CS facilities and financial markets to ASIC and the RBA;
    Australian Securities and Investments Commission Act 2001
    and
    Corporations Act 2001
    to phase-in new climate-related financial reporting requirements for entities; and
    Australian Securities and Investments Commission Act 2001
    ,
    Corporations Act 2001
    and
    Insurance Act 1973
    to make minor and technical amendments. 

    Bill | Explanatory Memorandum

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A bill is a proposal for a law or a change to an existing law. A bill becomes law (an Act) when agreed to in identical form by both houses of Parliament and assented to by the Governor-General.

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