House of Representatives

Treasury Laws Amendment (APRA Governance) Bill 2018

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Scott Morrison MP)

General outline and financial impact


This Bill amends the APRA Act to enable the Governor-General to appoint a second Deputy Chair of APRA.

Date of effect: The amendments apply from the day after the end of the period of 14 days beginning on the day the Bill receives the Royal Assent.

Proposal announced: No

Financial impact: Nil

Human rights implications: This Bill does not raise any human rights issues. See Statement of Compatibility with Human Rights - Chapter 2.

Compliance cost impact: Nil

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