Business Law Section

Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Power) Bill 2018

The Corporations Committee of the Business Law Section of the Law Council of Australia welcomes the opportunity to comment on the second Exposure Draft Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Power) Bill 2018 (Exposure Draft) and the accompanying Explanatory Materials (Draft EM), which were released for comment on 20 July 2018.

Preliminary comments – significant improvements in the Exposure Draft

The Committee acknowledges that it is clear from the Exposure Draft that submissions from the initial consultation process were given serious consideration, and the draft reflects many significant improvements. This is an important acknowledgement, as the changes made have addressed some of the key concerns regarding the earlier draft, and we consider that they will improve the clarity of the legislation and go some way to improving the practicality of the new regime. In particular, the:

You can read the full submission below.

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