House of Representatives

Personal Liability for Corporate Fault Reform Bill 2012

Personal Liability for Corporate Fault Reform Act 2012

Explanatory Memorandum

(Circulated by the authority of the Parliamentary Secretary to the Treasurer, the Hon Bernie Ripoll MP)

Index

Schedule 1: Council of Australian Governments Directors' Liability Reform Project

Bill reference Paragraph number
Items 1 and 21 2.8
Items 2, 3, 4, 5, 6, 7, 9, 10, 11, 12, 13, 15 and 16 2.14
Item 8 2.11
Item 14 2.12
Items 17 and 26 2.13
Items 18 and 19 2.9
Items 20, 22, 23, 24 and 25 2.10

Schedule 2: Corporations Act 2001

Bill reference Paragraph number
Item 1 3.7
Items 2, 3 and 4 3.6
Items 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16 and 17 3.8

Schedule 3: Foreign Acquisitions and Takeovers Act 1975

Bill reference Paragraph number
Items 1 and 2 4.9
Items 3, 4, 5 and 6 4.10
Item 7 4.11

Schedule 4: Health Insurance Act 1973

Bill reference Paragraph number
Item 1 5.11
Items 2 and 3 5.12
Items 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21 and 22 5.13

Schedule 5: National Vocational Education and Training Regulator Act 2011

Bill reference Paragraph number
Item 1 6.12
Item 2 6.13
Item 3 6.17
Items 4 to 80 6.18

Schedule 6: Therapeutic Goods Act 1989

Bill reference Paragraph number
Items 1, 17, 27 and 30 7.29
Items 2, 3, 18, 19, 28, 29 and 31 7.28
Items 4 and 5 7.19
Item 6 7.18
Items 7, 8, 9, 10, 12, 13 and 14 7.22
Item 11 7.20
Items 15 and 16 7.21
Item 20 7.25
Item 21 7.24
Items 22 7.23
Item 23 7.26
Items 24, 25 and 26 7.27
Items 32, 33, 34 and 35 7.30

Schedule 7: Other Acts amended

Bill reference Paragraph number
Item 1 2.16, 3.10, 4.13, 5.15, 6.20, 7.32

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