House of Representatives
Financial Sector Reform (Amendments and Transitional Provisions) Bill (No. 1) 1999
Explanatory Memorandum
(Circulated by authority of the Minister for Financial Services and Regulation, the Honourable J.B. Hockey, MP)3 Formal Clauses
3.1 The Short Title of the Bill is defined here.
3.2 This clause specifies the meaning of the terms 'Corporations Law' and 'transfer date'. The transfer date for the purposes of this Act is a date proclaimed by the Governor-General.
3.3 This clause provides for commencement of the various proposed amendments. More details are provided in the notes on items relating to respective Schedules.
| Schedule 1 | - Amendment of the Australian Prudential Regulation Authority Act 1998 |
| Schedule 2 | - Amendment of the Banking Act 1959 |
| Schedule 3 | - Amendment of the Corporations Law |
| Schedule 4 | - Amendment of the Life Insurance Act 1995 |
| Schedule 5 | - Amendment of the Reserve Bank Act 1959 |
| Schedule 6 | - Miscellaneous amendments |
| Schedule 7 | - Consequential amendment of Acts |
| Schedule 8 | - Transitional, saving and application provisions |