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This is a Bill, not an Act. For current law, see the Acts databases.
CORPORATIONS LEGISLATION AMENDMENT (FINANCIAL REPORTING PANEL) BILL 2012
2010-2011-2012
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Corporations Legislation Amendment
(Financial Reporting Panel) Bill 2012
No. , 2012
(Treasury)
A Bill for an Act to amend the law relating to
corporations to repeal provisions relating to the
Financial Reporting Panel, and for related
purposes
i Corporations Legislation Amendment (Financial Reporting Panel) Bill 2012 No. ,
2012
Contents
1 Short
title
...........................................................................................
1
2 Commencement
.................................................................................
1
3 Schedule(s)
........................................................................................
2
Schedule 1--Amendments
3
Part 1--Amendments
3
Australian Securities and Investments Commission Act 2001
3
Corporations Act 2001
3
Corporations (Fees) Act 2001
3
Part 2--Transitional provision
4
Corporations Act 2001
4
Corporations Legislation Amendment (Financial Reporting Panel) Bill 2012 No. , 2012
1
A Bill for an Act to amend the law relating to
1
corporations to repeal provisions relating to the
2
Financial Reporting Panel, and for related
3
purposes
4
The Parliament of Australia enacts:
5
1 Short title
6
This Act may be cited as the Corporations Legislation Amendment
7
(Financial Reporting Panel) Act 2012.
8
2 Commencement
9
(1) Each provision of this Act specified in column 1 of the table
10
commences, or is taken to have commenced, in accordance with
11
2 Corporations Legislation Amendment (Financial Reporting Panel) Bill 2012 No. ,
2012
column 2 of the table. Any other statement in column 2 has effect
1
according to its terms.
2
3
Commencement information
Column 1
Column 2
Column 3
Provision(s)
Commencement
Date/Details
1. Sections 1 to 3
and anything in
this Act not
elsewhere covered
by this table
The day this Act receives the Royal Assent.
2. Schedule 1
A single day to be fixed by Proclamation.
However, if the provision(s) do not
commence within the period of 6 months
beginning on the day this Act receives the
Royal Assent, they commence on the day
after the end of that period.
Note:
This table relates only to the provisions of this Act as originally
4
enacted. It will not be amended to deal with any later amendments of
5
this Act.
6
(2) Any information in column 3 of the table is not part of this Act.
7
Information may be inserted in this column, or information in it
8
may be edited, in any published version of this Act.
9
3 Schedule(s)
10
Each Act that is specified in a Schedule to this Act is amended or
11
repealed as set out in the applicable items in the Schedule
12
concerned, and any other item in a Schedule to this Act has effect
13
according to its terms.
14
15
Amendments Schedule 1
Amendments Part 1
Corporations Legislation Amendment (Financial Reporting Panel) Bill 2012 No. , 2012
3
Schedule 1--Amendments
1
Part 1--Amendments
2
Australian Securities and Investments Commission Act 2001
3
1 Paragraph 1(1)(d)
4
Omit ", a Financial Reporting Panel".
5
2 Part 13
6
Repeal the Part.
7
Corporations Act 2001
8
3 Section 9 (definition of lodging entity)
9
Repeal the definition.
10
4 Division 9 of Part 2M.3
11
Repeal the Division.
12
5 Paragraph 1317C(c)
13
Repeal the paragraph.
14
6 Schedule 3 (table item 116A)
15
Repeal the item.
16
Corporations (Fees) Act 2001
17
7 Subsection 4(1) (paragraphs (ja) and (jb) of the definition of
18
chargeable matter)
19
Repeal the paragraphs.
20
21
Schedule 1 Amendments
Part 2 Transitional provision
4 Corporations Legislation Amendment (Financial Reporting Panel) Bill 2012 No. ,
2012
Part 2--Transitional provision
1
Corporations Act 2001
2
8 At the end of Chapter 10
3
Add:
4
Part 10.21--Transitional provision relating to the
5
Corporations Legislation Amendment
6
(Financial Reporting Panel) Act 2012
7
8
1538 Courts etc. may have regard to Financial Reporting Panel
9
report
10
Despite the repeal of section 323EM by the Corporations
11
Legislation Amendment (Financial Reporting Panel) Act 2012, that
12
section continues to apply, in relation to a report of the Financial
13
Reporting Panel, as if that repeal had not happened.
14