Explanatory Memorandum(Circulated by authority of the Minister for Financial Services and Regulation, the Honourable J.B. Hockey, MP)
3 Formal Clauses
Clause 1 - Short title
3.1 The Short Title of the Bill is defined here.
Clause 2 - Definitions
3.2 This clause specifies the meaning of the terms 'Corporations Law' and 'transfer date'. The transfer date for the purposes of this Act is a date proclaimed by the Governor-General.
Clause 3 - Commencement
3.3 This clause provides for commencement of the various proposed amendments. More details are provided in the notes on items relating to respective Schedules.
Clause 4 - Schedule(s)
|Schedule 1||- Amendment of the Australian Prudential Regulation Authority Act 1998|
|Schedule 2||- Amendment of the Banking Act 1959|
|Schedule 3||- Amendment of the Corporations Law|
|Schedule 4||- Amendment of the Life Insurance Act 1995|
|Schedule 5||- Amendment of the Reserve Bank Act 1959|
|Schedule 6||- Miscellaneous amendments|
|Schedule 7||- Consequential amendment of Acts|
|Schedule 8||- Transitional, saving and application provisions|