House of Representatives

Treasury Legislation Amendment (Application of Criminal Code) Bill (No. 3) 2001

Explanatory Memorandum

(Circulated by authority of the Minister for Financial Services and Regulation, the Hon Joe Hockey MP)

Chapter 3 - Regulation Impact Statement and Financial Impact Statement

Regulation impact statement

The Bill will maintain the status quo of existing offences after the commencement of the Criminal Code . While the Bill makes a number of amendments to the relevant legislation, those amendments are of a minor or machinery nature and do not substantially alter existing arrangements.

On that basis, the Office of Regulation Review has advised that a Regulation Impact Statement is not required for the Bill.

Financial impact statement

The Bill does not have any financial impact.

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