Senate
Treasury Laws Amendment (Modernising Business Communications and Other Measures) Bill 2022
Revised Explanatory Memorandum
(Circulated by authority of the Assistant Treasurer and Minister for Financial Services, the Hon Stephen Jones MP)This memorandum takes account of amendments made by the House of Representatives to the bill as introduced.
Glossary
This Explanatory Memorandum uses the following abbreviations and acronyms.
| Abbreviation | Definition |
| ACCC | Australian Competition and Consumer Commission |
| AER | Australian Energy Regulator |
| ALRC | Australian Law Reform Commission |
| ALRC Review | Review of the Legislative Framework for Corporations and Financial Services Regulation |
| APRA | Australian Prudential Regulation Authority |
| APRA Act | Australian Prudential Regulation Authority Act 1998 |
| ASIC | Australian Securities and Investments Commission |
| ASIC Act | Australian Securities and Investments Commission Act 2001 |
| ASX | Australian Securities Exchange |
| ATO | Australian Taxation Office |
| BAS agent | Business Activity Statement agent |
| Bill | Treasury Laws Amendment (Modernising Business Communications and Other Measures) Bill 2023 |
| CADB | Companies Auditors Disciplinary Board |
| CCA | Competition and Consumer Act 2010 |
| CCIV | Corporate Collective Investment Vehicle |
| Corporations (Review Fees) Act | Corporations (Review Fees) Act 2003 |
| Corporations Act | Corporations Act 2001 |
| Corporations Regulations | Corporations Regulations 2001 |
| Crimes Act | Crimes Act 1914 |
| Criminal Code | Schedule to the Criminal Code Act 1995 |
| Criminal Law Guide | A Guide to Framing Commonwealth Offences, Infringement Notices and Enforcement Powers (Attorney General's Department, September 2011) |
| Excise Act | Excise Act 1901 |
| FSCP | Financial Services and Credit Panels |
| GST | Goods and services tax |
| ICCPR | International Covenant on Civil and Political Rights |
| Insurance Act | Insurance Act 1973 |
| Interim Report A | Interim Report A of the ALRC Review (ALRC Report 137) |
| Interim Report B | Interim Report B of the ALRC Review (ALRC Report 139) |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| Life Insurance Act | Life Insurance Act 1995 |
| Life Insurance Regulations | Life Insurance Regulations 1995 |
| Meetings and Documents Act | Corporations Amendment (Meetings and Documents) Act 2022 |
| MIS | Managed Investment Scheme |
| National Credit Code | Schedule 1 to the National Consumer Credit Protection Act 2009 |
| NCCPA | National Consumer Credit Protection Act 2009 |
| PDS | Product Disclosure Statement |
| PHIPS Act | Private Health Insurance (Prudential Supervision) Act 2015 |
| RIS | Regulation Impact Statement |
| SIS Act | Superannuation Industry (Supervision) Act 1993 |
| SSAA | Small Superannuation Accounts Act 1995 |
| TASA | Tax Agent Services Act 2009 |
| TPB | Tax Practitioners Board |