House of Representatives

Explanatory Memorandum

(Circulated by authority of the Minister for Financial Services and Regulation, the Honourable J.B. Hockey MP and the Attorney-General, the Honourable Daryl Williams AM QC MP)

Chapter 8 - Schedule 5 - Amendments dependent on later commencement of Administrative Review Tribunal legislation

8.1. Schedule 5 deals with the amendment of the Administrative Review Tribunal (Consequential and Transitional Provisions) Bill (the ARTCTP Bill), that it is before Parliament at the time of introduction of the Bill, in the event that it has not commenced.

8.2. Without amendment, the amendments in the ARTCTP Bill would contain references to the Corporations Law and the Australian Securities and Investments Commission Act 1989 . To fix this, the Bill contains amendments to the ARTCTP Bill to update these references on its commencement.