Further improvements to Corporations and Financial Services Law
The Corporations Committee and the Financial Services Committee (collectively, the Committees) of the Law Council of Australia’s Business Law Section are pleased to make this submission to Treasury in response to the following exposure draft documents, which were released for consultation on 12 December 2022:
(a) Treasury Laws Amendment (Measures for consultation) Bill 2002: ALRC Financial Services Interim Report Tranche 2 (the Draft Bill);
(b) Explanatory Memorandum to the Draft Bill (the Draft EM); and
(c) Attachment A, which seeks to demonstrate how the proposed amendments to legislation to be made by the Draft Bill reflect Interim Report recommendations made by the Australian Law Reform Commission (ALRC) in its Review of the Legislative Framework for Corporations and Financial Services Regulation (Inquiry).