House of Representatives
Corporations Amendment (Repayment of Directors' Bonuses) Bill 2002
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello MP)2 Regulation Impact Statement and Financial Impact Statement
2.1. Given the narrow application of the amendments contained in the Bill to companies in liquidation and that it has a low impact economy-wide, the Office of Regulation Review has advised that a Regulation Impact Statement is not required for the Bill, as the amendments are of a minor or machinery nature and will not substantially alter current arrangements.
2.2. The Bill does not have any measurable financial impact.