House of Representatives

Corporations Amendment (Improving Accountability on Termination Payments) Bill 2009

Corporations Amendment (Improving Accountability on Termination Payments) Act 2009

Explanatory Memorandum

Circulated By the Authority of the Minister for Financial Services, Superannuation and Corporate Law, the Hon Chris Bowen Mp

Chapter 3 : Part 2 - Other Amendments

Detailed explanation of new law

3.1 The Bill removes the exception in section 200F for pre-1991 contracts [Schedule 1, Item 42, paragraph 200F(1)(a)].

Index

Schedule 1: Amendments

Bill reference Paragraph number
Item 7, section 200AA 2.20, 2.21, 2.22
Item 7, section 200AB 2.26, 2.31
Item 7, section 200 2.27
Items 8, 11,14, 25, 26, 27, 33 and 35, subsections 200A(1), 200A(2), 200B(3) and 200F(2), paragraphs 200F(1)(a), 200G(1)(a) and 200G(1)(c), subparagraph 200F(2)(a)(ii) 2.25
Item 9, paragraph 200A(1)(f) 2.23
Item 10, subsection 200A(1A) 2.31
Item 12, subsection 200B(1) 2.15
Items 13 and 14, subsections 200B(1A) and 200B(3) 2.16
Items 15, 17, 29 and 32, paragraphs 200C(1)(a), 200D(1)(a), 200F(2)(b), subsection 200F(5) 2.24
Items 16 and 18, subsection 200C(1) note 1 and subsection 200D(1) note 1 2.13
Item 19, subsection 200E(1) 2.37
Item 20, subsection 200E(2) 2.38
Item 21, subparagraph 200E(2)(b)(i) 2.29
Item 22, subsection 200E(2) 2.39
Item 22, subsection 200E(2C) 2.40
Items 23 and 24, subsections 200E(3) and 200E(4) 2.41
Items 28 and 34, paragraphs 200F(2)(b) and 200G(1)(c) 2.30
Items 30 and 36, paragraphs 200F(2)(b) and 200G(1)(c) 2.15
Items 31 and 37, sub sections 200F(3) and (4) and 200G(2) and (3) 2.17
Item 38, subsection 200G(5) 2.18
Item 39, subsection 200G(6) 2.19
Item 40, paragraph 200J(1)(b) 2.42
Item 40, subsection 200J(1A) 2.42
Item 40, paragraph 200J(1)(a) 2.43
Item 41 2.44
Item 42, paragraph 200F(1)(a) 3.1
Part 1, Items 1, 2, 3, 4, 5 and 6 2.9
Part 1, Item 1 2.10
Part 1, Item 5 and 6 2.12
Part 1, Item 7, section 200AB 2.11

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