Home       What's New?       Corporate       Business       Published Information       Ministers       Related Websites

Corporations Legislation Amendment (Financial Services Modernisation) Bill 2009

Date:

Thursday, 7 May 2009

Content ID:

1533

Abstract:

On 7 May 2009, Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, announced the release for public exposure of the draft Corporations Legislation Amendment (Financial Services Modernisation) Bill 2009 and associated explanatory commentaries (see media releases 051/2009, 052/2009 and 053/2009).

Building on the release of the Government’s Financial Services and Credit Reform Green Paper in June 2008, the draft legislation addresses three areas of financial services regulation - margin loans, trustee companies and debentures.

The Government is seeking submissions on the exposure draft legislation by close of business Friday 29 May 2009.

Further information on margin lending and the broader consumer credit reforms and consultation process can be found on www.treasury.gov.au/consumercredit.

While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please email responses in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. A request made under the Freedom of Information Act 1982 (Commonwealth) for a submission marked 'confidential' to be made available will be determined in accordance with that Act.

Closing date for submissions: Friday, 29 May 2009

Address written submissions to:
General Manager
Corporations and Financial Services Division
The Treasury
Langton Crescent
PARKES  ACT  2600

Email:
1. Margin loans* - for submissions relating to margin loans: consumercredit@treasury.gov.au
2. Trustee companies* - for submissions relating to trustee companies: trusteecompanies@treasury.gov.au
3. Debentures* - for submissions relating to debentures: - debentures@treasury.gov.au

*Please note: For submissions that cover more than one topic, to ensure your views are fully considered, please send a copy of your submission to each relevant e-mail address.

For enquiries on margin loans, trustee corporations or debenture, please call Tracey Donohoe (02) 6263 3971, who will transfer you to the relevant area.

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Legislation - Exposure Draft  192.32kb
Legislation - Commentary  324.51kb
Exposure Draft Regulations - Margin Lending  51.26kb
Exposure Draft Regulations Explanatory Statement - Margin Lending (Amended)  44.76kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Legislation - Exposure Draft  604.93kb
Legislation - Commentary  772.05kb
Exposure Draft Regulations - Margin Lending  393.96kb
Exposure Draft Regulations Explanatory Statement - Margin Lending (Amended)  72.19kb

Related Items:

Green Paper on Financial Services and Credit Reform - 3/06/2008
The abstract for this content item contains formatting that cannot be displayed in this list. Please follow the hyperlink to the item for more detail.
Submissions: Corporations Legislation Amendment (Financial Services Modernisation) Bill 2009 - Margin Lending - 12/06/2009
The abstract for this content item contains formatting that cannot be displayed in this list. Please follow the hyperlink to the item for more detail.
Submissions: Corporations Legislation Amendment (Financial Services Modernisation) Bill 2009 - Trustee Companies - 12/06/2009

Treasury has received twelve submissions in response to its consultation on the Corporations Legislation Amendment (Financial Services Modernisation) Bill 2009 - Trustee Companies. All of these are public submissions. All of the submissions are listed below and are accessible by selecting the author.

The opinions expressed in the submissions are those of the authors and do not necessarily reflect the views of the Government or The Treasury.

Treasury Portfolio Ministers - Link to website MoreSuper  - Link to website Carbon Price Modelling - Link to Website Clean Energy Future  - Link to website Review of compensation arrangements for consumers of financial services - Consultation Paper  - Link to website

spacer