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Financial Sector Reform (Hayne Royal Commission Response) Act 2020 (135 of 2020)
- Front Matter
- 1 Short title
- 2 Commencement
- 3 Schedules
- Schedule 1 Enforceable code provisions
- Corporations Act 2001
- 1 Section 9
- 2 Division 2 of Part 7.12 (heading)
- 3 After Division 2 of Part 7.12 (heading)
- 4 Section 1101A
- 5 Paragraph 1317C(ge)
- 6 At the end of section 1317DAN
- 7 In the appropriate position in subsection 1317E(3)
- 8 In the appropriate position in Chapter 10
- National Consumer Credit Protection Act 2009
- 9 Subsection 5(1)
- 10 Before Division 2 of Part 5-5
- 11 Section 241
- 12 After paragraph 288K(1)(c)
- 13 Paragraph 327(1)(c)
- Schedule 2 Insurer avoidance of life insurance contracts, and duty to take reasonable care not to make a misrepresentation
- Part 1 Insurer avoidance of life insurance contracts
- Insurance Contracts Act 1984
- 1 Subsection 29(3)
- 2 Application
- Part 2 Duty to take reasonable care not to make a misrepresentation
- Insurance Contracts Act 1984
- 3 Subsection 11(1)
- 4 At the end of Part I
- 5 Section 12
- 6 Before Division 1 of Part IV
- 7 Division 1 of Part IV (heading)
- 8 Before section 21
- 9 Sections 21A and 21B
- 10 Paragraph 22(1)(b)
- 11 Paragraph 22(1)(c)
- 12 Division 2 of Part IV (heading)
- 13 Before section 23
- 14 Division 3 of Part IV (heading)
- 15 Before section 27A
- 16 Subsection 28(1)
- 17 Subsection 28(2)
- 18 Subsection 28(3)
- 19 Subsection 29(1)
- 20 Subsection 29(2)
- 21 Paragraph 29(3)(a)
- 22 Paragraph 29(3)(b)
- 23 Subsection 29(4) (definition of Q)
- 24 Subsection 29(6)
- 25 Paragraph 29(7)(b)
- 26 Subsection 31(1)
- 27 Subsection 31(2)
- 28 Section 31A
- 29 Section 32 (heading)
- 30 Subsection 32(1)
- 31 Subsection 32(2)
- 32 Subsection 32(2)
- 33 Section 32A (heading)
- 34 Section 32A
- 35 At the end of paragraph 60(1)(a)
- 36 Paragraphs 60(1)(b) and (c)
- 37 Application of amendments
- Schedule 3 Deferred sales model for add-on insurance
- Australian Securities and Investments Commission Act 2001
- 1 Subsection 12BA(1)
- 2 After Subdivision D of Division 2 of Part 2
- 3 Subsections 12AE(1) and (3)
- 4 Section 12GB (at the end of the heading)
- 5 Subsections 12GB(1), (1A) and (1B)
- 6 Paragraphs 12GB(2)(a) and (3)(a)
- 7 Subsection 12GB(4)
- 8 After paragraph 12GBA(6)(b)
- 9 After subsection 12GBCN(3)
- 10 Subsection 12GF(1)
- 11 Subsections 12GI(1) and (4)
- 12 Subsection 12GI(4)
- 13 Subsection 12GLA(4) (after paragraph (b) of the definition of contravening conduct)
- 14 Paragraph 12GN(1)(c)
- 15 After paragraph 12GXA(b)
- 16 Subsection 12GXB(2) (table item 1, column headed "If the infringement notice is for an alleged contravention of ...")
- 17 At the end of subsection 244(2)
- 18 In the appropriate position
- Corporations Act 2001
- 19 Section 9
- 20 After paragraph 992A(2)(a)
- 21 At the end of subsection 992A(2)
- 22 After subsection 992A(2)
- Schedule 4 Caps on commissions
- Australian Securities and Investments Commission Act 2001
- 1 Subsection 12AC(2)
- 2 Subsection 12BA(1)
- 3 After section 12DMB
- 4 After subsection 12GB(1)
- 5 Paragraph 12GB(2)(a)
- 6 Subsection 12GB(2)
- 7 After subsection 12GB(2)
- 8 Subsections 12GB(3), (5) and (6)
- 9 After section 12GF
- 10 Section 12GG
- 11 Subsection 12GM(1)
- 12 Paragraph 12GN(1)(c)
- 13 In the appropriate position
- National Consumer Credit Protection Act 2009
- 14 At the end of section 145 of the National Credit Code
- 15 Subsection 204(1) of the National Credit Code
- Schedule 5 Hawking of financial products
- Part 1 Main amendments
- Corporations Act 2001
- 1 Sections 736 and 738
- 2 Sections 992A and 992AA
- Part 2 Other amendments
- Competition and Consumer Act 2010
- 3 Section 95 of Schedule 2
- 4 Section 95 of Schedule 2 (note)
- 5 Section 187 of Schedule 2
- 6 Section 187 of Schedule 2 (note)
- Corporations Act 2001
- 7 Subsection 1200F(1) (table item 3)
- 8 Subsection 1200F(1) (table item 4)
- 9 Schedule 3 (table items dealing with subsections 736(1), 992A(3) and 992AA(1))
- Schedule 6 Use of terms "insurance" and "insurer"
- Insurance Act 1973
- 1 Subsection 3(1)
- 2 Subsection 8(1)
- 3 After subsection 8(1)
- 4 Subsection 8(3)
- 5 Before section 115
- Schedule 7 Claims handling and settling services
- Corporations Act 2001
- 1 Section 9
- 2 Section 9 (at the end of paragraph (a) of the definition of professional investor)
- 3 Section 761A (paragraph (b) of the definition of binder)
- 4 Section 761A
- 5 After section 761C
- 6 After section 761D
- 7 After paragraph 766A(1)(ea)
- 8 After subsection 766B(7)
- 9 Subsection 766B(8)
- 10 At the end of Division 4 of Part 7.1
- 11 At the end of Division 1 of Part 7.6
- 12 After paragraph 911A(2)(ej)
- 13 After paragraph 911B(1)(e)
- 14 Paragraph 912A(1)(ca)
- 15 At the end of subsection 916C(1)
- 16 Subsection 940C(1)
- 17 After subsection 941C(7)
- 18 After Division 3 of Part 7.7
- 19 Paragraph 951A(b)
- 20 Subsection 952B(1) (paragraph (b) of the definition of defective)
- 21 Subsection 952B(1) (after subparagraph (b)(ii) of the definition of defective)
- 22 Subsection 952B(1) (after paragraph (c) of the definition of disclosure document or statement)
- 23 Paragraph 952E(2)(a)
- 24 Paragraph 952F(1)(b)
- 25 Subparagraph 952F(1)(c)(i)
- 26 Paragraph 952G(1)(b)
- 27 Subparagraph 952G(1)(c)(i)
- 28 After section 952J
- 29 Subsection 953A(1) (paragraph (b) of the definition of defective)
- 30 Subsection 953A(1) (after subparagraph (b)(ii) of the definition of defective)
- 31 Subsection 953A(1) (after paragraph (c) of the definition of disclosure document or statement)
- 32 In the appropriate position in subsection 1317E(3)
- 33 In the appropriate position in Chapter 10
- 34 In the appropriate position in Schedule 3
- Schedule 8 Trustees of registrable superannuation entities should have no other duty
- Superannuation Industry (Supervision) Act 1993
- 1 After subsection 29E(5)
- 2 Application
- Schedule 9 Adjustment of APRA and ASIC's roles in superannuation
- Part 1 Adjustments relating to industry supervision
- Superannuation Industry (Supervision) Act 1993
- 1 Sections 4 and 6
- 2 Subsection 10(1)
- 3 Subsection 10(1) (definition of Regulator)
- 4 Subsection 10(1) (note to the definition of self managed superannuation fund)
- 5 Subsection 10(4)
- 6 Subsection 19(4)
- 7 Subsection 19(4A)
- 8 Subsection 40(4) (note)
- 9 Subparagraphs 42(1AA)(b)(ii) and (c)(ii)
- 10 Paragraphs 42(1AC)(b) and (c)
- 11 Subparagraph 42(1AC)(d)(ii)
- 12 Subsection 42(3)
- 13 Subparagraphs 42A(3)(c)(ii) and (d)(ii)
- 14 Subsection 42A(4)
- 15 Subsection 42A(7)
- 16 Paragraphs 193(l), (m) and (n)
- 17 Section 253 (note 2)
- 18 Section 253 (note 3)
- 19 Section 253 (note 3)
- 20 Subsection 265(1)
- 21 Subsection 265(1)
- 22 Subsection 298A(1)
- 23 Paragraphs 315(1)(a) to (f)
- 24 Subsection 315(3)
- 25 Subsection 336F(1)
- 26 Parts 33 and 34
- 27 Saving
- Part 2 Adjustments relating to financial services
- Australian Securities and Investments Commission Act 2001
- 28 Subsection 12BA(1)
- 29 After paragraph 12BAB(1)(e)
- 30 At the end of subsection 12GBB(5)
- 31 Section 93C
- 32 At the end of section 93C
- Corporations Act 2001
- 33 Section 9
- 34 Section 761A (definition of registrable superannuation entity)
- 35 Section 761A
- 36 Section 761A (definition of trustee)
- 37 Subsection 761G(6) (heading)
- 38 Paragraphs 761G(6)(b) and (c)
- 39 Subsection 761G(7)
- 40 Section 761GA
- 41 Before paragraph 766A(1)(f)
- 42 At the end of section 766A
- 43 Before Division 5 of Part 7.1
- 44 After paragraph 911A(2)(g)
- 45 After subsection 911A(4)
- 46 Before paragraph 914A(4)(a)
- 47 Paragraph 914A(4)(a)
- 48 Paragraph 914A(4)(b)
- 49 Subsection 914A(5A)
- 50 Before paragraph 915I(1)(a)
- 51 Paragraph 915I(1)(a)
- 52 Paragraph 915I(1)(b)
- 53 Subsection 915I(3)
- 54 After subsection 920A(3)
- 55 After subsection 941C(3A)
- 56 Section 960
- 57 Section 1311A
- 58 At the end of section 1311A
- 59 At the end of subsection 1317G(6)
- 60 In the appropriate position in Chapter 10
- Superannuation Industry (Supervision) Act 1993
- 61 After subsection 29EA(2A)
- 62 Subsection 29JA(1)
- 63 Subsection 56(2)
- 64 Subsection 57(2)
- 65 Application - breach reporting
- 66 Application and transitional - indemnification
- Schedule 10 Reference Checking and Information Sharing Protocol
- Corporations Act 2001
- 1 Section 910A
- 2 Before subsection 912A(1)
- 3 After paragraph 912A(1)(cb)
- 4 Before subsection 912A(2)
- 5 After subsection 912A(3)
- 6 Before subsection 912A(4)
- 7 Before subsection 912A(5)
- 8 Before subsection 912A(5A)
- 9 Subsection 912A(5A)
- 10 Before subsection 912A(6)
- 11 In the appropriate position in Chapter 10
- National Consumer Credit Protection Act 2009
- 12 Subsection 5(1)
- 13 After paragraph 47(1)(e)
- 14 After subsection 47(3)
- 15 Subsection 47(4)
- National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009
- 16 In the appropriate position
- Schedule 11 Breach reporting and remediation
- Corporations Act 2001
- 1 Paragraph 601FC(1)(l)
- 2 Section 910A
- 3 Before section 912A
- 4 Before section 912C
- 5 Section 912D
- 6 Before section 912F
- 7 Subsection 1317E(3) (table item dealing with subsection 912D(3))
- 8 In the appropriate position in subsection 1317E(3)
- 9 In the appropriate position in Chapter 10
- 10 Schedule 3 (table items dealing with subsections 912D(1B) and 912D(2))
- 11 In the appropriate position in Schedule 3
- National Consumer Credit Protection Act 2009
- 12 Subsection 5(1)
- 13 Before section 47
- 14 Before section 49
- 15 After section 50
- 16 Before section 52
- 17 At the end of Division 5 of Part 2-2
- National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009
- 18 In the appropriate position
- Schedule 12 Statutory obligation to cooperate and formalising ASIC meeting procedures
- Part 1 Cooperation obligation
- Australian Prudential Regulation Authority Act 1998
- 1 After section 10A
- Australian Securities and Investments Commission Act 2001
- 2 At the end of Division 1 of Part 2
- Part 2 Financial regulator information
- Australian Prudential Regulation Authority Act 1998
- 3 After Part 5
- 4 Paragraph 56(2)(c)
- 5 After subsection 56(5A)
- 6 Before subsection 56(10)
- 7 Subsection 56(12)
- 8 Application
- Australian Securities and Investments Commission Act 2001
- 9 After Part 6
- 10 In the appropriate position
- Insurance Act 1973
- 11 Paragraph 109E(1)(c)
- Life Insurance Act 1995
- 12 Paragraph 231E(1)(c)
- 13 Subsection 59(3)
- 14 Section 103
- 15 Section 104
- 16 Section 107
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