Senate

Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2019

Revised Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Josh Frydenberg MP)
This memorandum takes account of amendments made by the House of Representatives.

Glossary

The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
ASIC Australian Securities and Investments Commission
Bill Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2019
Corporations Act Corporations Act 2001
Credit Act National Consumer Credit Protection Act 2009
credit product Credit contracts, mortgages, guarantees, and consumer leases regulated under the Credit Act
FSI Financial System Inquiry