House of Representatives

Corporations (NZ Closer Economic Relations) and Other Legislation Amendment Bill 2007

Explanatory Memorandum

(Circulated by the authority of the Parliamentary Secretary to the Treasurer, the Hon Chris Pearce, MP)

Chapter 3

Financial Impact Statement

3.1 Schedule 1 and 2 of the Bill will require Commonwealth expenditure.

3.2 It is expected that there will be minor implementation costs for the regulator, ASIC, from the measures in the Bill.

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