Supplementary submission: Questions on notice Treasury Laws Amendment (2021 Measures No. 1) Bill 2021
The Law Council of Australia appreciates the opportunity to have appeared before the Senate Economics References Committee (the Committee) on 10 June 2021 in relation to the Treasury Laws Amendment (2021 Measures No. 1) Bill 2021 (the Bill).
In the course of the Law Council’s appearance, there were several questions from Senator McAllister that were taken on notice, relating to:
- a meeting between the Department of the Treasury (the Treasury) and the Corporations Committee of the Law Council’s Business Law Section (Corporations Committee) on 21 September 2020; and
- the views of the Insurance Council of Australia (ICA) regarding the impact of continuous disclosure obligations on insurance premiums.
Responses to these questions are set out below and have been prepared with the assistance of the Corporations Committee.