Pursuant to the motion agreed to by the Senate on 16 May 2024 (see Item 15, Senate Journals, 16 May 2024) provisions of the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024 were referred to the Economics Legislation Committee for inquiry and report by 24 June 2024. On 24 June 2024, the Senate agreed to extend the reporting date to 2 August 2024.

The committee requested that written submissions were provided by 28 June 2024.

Division of the original bill into two bills
On 27 June 2024, the Senate agreed that following the introduction and first reading of the bill in the Senate, the bill would be divided into two bills, as follows:

• Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024—containing Schedules 2 to 7, for inquiry and report by 2 August 2024;
• Treasury Laws Amendment (Build to Rent) Bill 2024—containing Schedule 1, for inquiry and report by 4 September 2024, along with the Capital Works (Build to Rent Misuse Tax) Bill 2024.

The bill was introduced and read for a first time on 2 July 2024, thereby giving effect to the division of the bill as above.

This inquiry will therefore continue with its consideration of the bill, as amended, for report by 2 August 2024.

Information on the committee’s separate inquiry into the Treasury Laws Amendment (Build to Rent) Bill 2024 and the Capital Works (Build to Rent Misuse Tax) Bill 2024 is available on the committee web page.