Bill
Treasury Laws Amendment (2023 Law Improvement Package No. 1) Bill 2023
passed, as at 2023-09-20. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2023-06-14
- second reading — 2023-06-14
- second reading — 2023-06-21
- second reading — 2023-08-01
- third reading — 2023-08-01
- introduced — 2023-08-02
- second reading — 2023-08-02
- second reading — 2023-09-06
- second reading — 2023-09-07
- second reading — 2023-09-07
- third reading — 2023-09-07
- passed — 2023-09-07
- royal assent — 2023-09-20
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 2023-06-14.
The bill would make minor and technical changes to simplify and improve the navigability of corporations law.
It would implement recommendations from the Australian Law Reform Commission's review, including unfreezing the application of the Acts Interpretation Act to the Corporations Act and ASIC Act, and creating a single glossary for defined terms.
The bill would commence 30 days after receiving Royal Assent, but only after the Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023 has already commenced.
- Unfreeze the application of the Acts Interpretation Act to the Corporations Act and ASIC Act.
- Create a single glossary for all defined terms in the Corporations Act.
- Repeal redundant definitions.
- Address unclear or incorrect provisions.
- Simplify unnecessarily complex provisions.
Entities subject to the Corporations Act and ASIC Act, including businesses and regulators.
Sources
em
billhome
frl act