Bill
ASIC Supervisory Cost Recovery Levy Amendment Bill 2017
passed, as at 2018-04-11. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2017-09-07
- second reading — 2017-09-07
- second reading — 2018-02-27
- second reading — 2018-02-28
- second reading — 2018-02-28
- third reading — 2018-02-28
- introduced — 2018-03-19
- second reading — 2018-03-19
- second reading — 2018-03-28
- second reading — 2018-03-28
- committee — 2018-03-28
- third reading — 2018-03-28
- passed — 2018-03-28
- royal assent — 2018-04-11
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2017-09-07.
This bill is part of a package that creates a licensing regime for administrators of significant financial benchmarks, with ASIC as the regulator.
The package gives ASIC power to designate significant benchmarks, make rules for licensed administrators, and make benchmark manipulation a criminal offence with civil penalties.
This bill supports the package by adding benchmark administrator licensees to the list of entities from which ASIC may recover its regulatory costs.
- Adds benchmark administrator licensees to the list of entities from which ASIC may recover its regulatory costs.
- Supports the establishment of a new licensing regime for administrators of designated significant financial benchmarks.
- Supports the creation of criminal and civil penalties for financial benchmark manipulation.
Administrators of designated significant financial benchmarks and ASIC.
Sources
em
billhome
frl act