Second round of miscellaneous amendments to Treasury portfolio laws 2021
This submission was prepared by the Financial Services Committee of the Business Law Section of the Law Council of Australia and relates to the following materials issued by Treasury for consultation on 24 September 2021:
a. the exposure draft Treasury Laws Amendment (Measures for Consultation) Bill 2021: Miscellaneous and Technical Amendments No. 2 (Cth) (Draft Bill) and exposure draft explanatory materials (Draft EM); and
b. the exposure draft Treasury Laws Amendment (Measures for Consultation) Regulations 2021: Miscellaneous and Technical Amendments No. 2 (Cth) (Draft Regulations) and exposure draft explanatory statement (Draft ES).
This submission focuses on the proposed amendments to:
a. the Corporations Act 2001 (Cth) (Corporations Act) and the Corporations Regulations 2001 (Cth) (Corporations Regulations); and
b. the National Consumer Credit Protection Act 2009 (Cth) (NCCP Act) and the National Consumer Credit Protection Regulations 2010 (Cth) (NCCP Regulations).
You can read the full submission below.