DEPARTMENT OF THE TREASURY [2011] AUSStaCSDLM 52 (24 March 2011)

• DEPARTMENT OF THE TREASURY

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DEPARTMENT OF THE TREASURY

AASB 2010-10 Further Amendments to Australian Accounting Standards — Removal of Fixed Dates for First-time Adopters [AASB 2009-11 & AASB 2010-7] under section 334 of the Corporations Act 2001 [F2011L00354]
Corporations Act 2001
Made	31/12/2011
Tabled	21/03/2011 S	21/03/2011 HR
Summary	Amends Standards AASB 2009-11 and AASB 2010-7 as a consequence of the issuance of amendments to IFRS 1 by the International Accounting Standards Board.

AASB-9 Financial Instruments under section 334 of the Corporations Act 2001 [F2011L00347]
Corporations Act 2001
Made	6/12/2010
Tabled	21/03/2011 S	21/03/2011 HR
Summary	Specifies principles for the financial reporting of financial assets and financial liabilities.

Australian Prudential Regulation Authority (confidentiality) determination No. 6 of 2011 under section 57 of the Australian Prudential Regulation Authority Act 1998 [F2011L00357]
Australian Prudential Regulation Authority Act 1998
Made	28/02/2011
Tabled	21/03/2011 S	21/03/2011 HR
Summary	Provides that information provided to APRA by life insurers and friendly societies under specified Reporting Standards is non-confidential.

Direction Relating to Foreign Currency Transactions and to Libya under regulation 5 of the Banking (Foreign Exchange) Regulations 1959 [F2011L00393]
Banking Act 1959
Made	4/03/2011
Tabled	21/03/2011 S	21/03/2011 HR
Summary	Specifies a list of individuals associated with the Qadhafi regime in Libya who are subject to financial sanctions.

Fringe Benefits Tax Amendment Regulations 2011 (No. 1) Select Legislative Instrument 2011 No. 34 [F2011L00423]
Fringe Benefits Tax Assessment Act 1986
Made	10/03/2011
Tabled	21/03/2011 S	21/03/2011 HR
Summary	Amend the principal Regulations to prescribe an approved worker entitlement fund.

Income Tax Assessment Amendment Regulations 2011 (No. 2) Select Legislative Instrument 2011 No. 35 [F2011L00420]
Income Tax Assessment Act 1997
Made	10/03/2011
Tabled	21/03/2011 S	21/03/2011 HR
Summary	Amend the principal Regulations to provide for debt tax treatment of certain perpetual subordinated notes.

National Consumer Credit Protection Amendment Regulations 2011 (No. 2) Select Legislative Instrument 2011 No. 40 [F2011L00465]
National Consumer Credit Protection Act 2009
Made	23/03/2011
Tabled	24/03/2011 S	23/03/2011 HR
Summary	Amend the principal Regulations to prohibit exit fees on new home loans.

Taxation Legislation Amendment Regulations 2011 (No. 1) Select Legislative Instrument 2011 No. 36 [F2011L00422]
Income Tax Assessment Act 1936 Taxation Administration Act 1953
Made	10/03/2011
Tabled	21/03/2011 S	21/03/2011 HR
Summary	Remove provisions from the Income Tax Assessment Regulations 1936 and the Taxation Administration Regulations 1976 that have been made redundant by the Tax Laws Amendment (Confidentiality of Taxpayer Information) Act 2010.

Variation of Exemption under sub-regulation 38(2) of the Banking (Foreign Exchange) Regulations 1959 [F2011L00394]
Banking Act 1959
Made	4/03/2011
Tabled	21/03/2011 S	21/03/2011 HR
Summary	Varies an Exemption dated 29 June 1990 relating to paragraph 8(1)(a) of the Regulations, with the effect that the Exemption does not apply to certain payments to or on behalf of any person in a list of individuals associated with the Qadhafi regime in Libya.

Variation of Exemption under sub-regulation 38(2) of the Banking (Foreign Exchange) Regulations 1959 [F2011L00392]
Banking Act 1959
Made	4/03/2011
Tabled	21/03/2011 S	21/03/2011 HR
Summary	Varies an Exemption dated 29 June 1990 relating to subregulation 6(1) of the Regulations, with the effect that the Exemption does not apply to certain monetary transactions in relation to a list of individuals associated with the Qadhafi regime in Libya.