House of Representatives
Corporations Amendment (Professional Standards of Financial Advisers) Bill 2016
Explanatory Memorandum
(Circulated by authority of the Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP)Index
Schedule 1: Amendments
| Bill reference | Paragraph number |
| Item 12, sections 921U and 921V | 5.11 |
| Part 1, item 1, section 910A | 2.8 |
| Part 1, item 1, section 910A | 2.10 |
| Part 1, items 1 and 12, section 910A, definition of 'CPD year', and subsection 921D(1) | 2.19 |
| Part 1, items 1 and 12, sections 910A and 921F | 2.31 |
| Part 1, items 1, 12 and 17, section 910A, paragraph 921F(2)(d) and subparagraphs 923C(1)(c)(iii) and(2)(d)(iii) | 2.51 |
| Part 1, items 1 and 16, sections 910A and 922D to 922P | 4.7 |
| Part 1, item 1, section 910A | 2.7 |
| Part 1, item 2, paragraph 912A(1)(f) | 2.18 |
| Part 1, items 4 and 12, section 910A, note at the end of subsection 913B(1) and subsection 921C(1) | 2.29 |
| Part 1, items 5 and 12, note at the end of subsection 916A(1), subsections 921C(2) and (4) | 2.25 |
| Part 1, item 6, subsection 916A(3) | 2.26 |
| Part 1, items 7-9 and 12, subsection 916B(2), subsection 916B(2A), note at the end of subsection 916B(3) and subsection 921C(3) | 2.27 |
| Part 1, item 10, paragraph 920A(1)(de) | 2.30 |
| Part 1, item 10, paragraph 920A(1)(db)) | 2.45 |
| Part 1, item 10, paragraphs 920A(1)(dc) and (dd)) | 2.45 |
| Part 1, item 11, paragraph 920A(1)(e) | 3.52 |
| Part 1, item 12, subsections 921B(2) to (4) | 2.14 |
| Part 1, item 12, subsection 921F(2) | 2.32 |
| Part 1, item 12, subsection 921F(6) | 2.34 |
| Part 1, item 12, subsections 921F(3) to (6) | 2.35 |
| Part 1, item 12, subsections 921F(3) and 921U(5) | 2.37 |
| Part 1, item 12, subsection 921F(4) | 2.38 |
| Part 1, item 12, subsection 921F(5) | 2.39 |
| Part 1, item 12, subsection 921F(6) | 2.41 |
| Part 1, item 12, subsection 921F(7) | 2.44 |
| Part 1, item 12, paragraph 921D(2)(a) | 2.20 |
| Part 1, item 12, paragraph 921B(2)(b) and section 921V | 2.15 |
| Part 1, item 12, note under subsection 921F(6) and subsection 921U(5) | 2.46 |
| Part 1, items 12 and 17, subparagraph 921U(2)(a)(v) and subsection 923C(9) | 2.47 |
| Part 1, item 12, subsection 921C(5) and paragraph 921D(2)(b) | 2.48 |
| Part 1, item 12, section 921E | 2.50 |
| Part 1, item 12, subsections 921V(7) and (8) | 2.16 |
| Part 1, item 12, section 921E | 3.4 |
| Part 1, item 12, paragraph 921U(2)(b) | 3.6 |
| Part 1, item 12, subsection 921W(1) | 3.6 |
| Part 1, item 12, subsection 921U(1) | 3.7 |
| Part 1, item 12, subsections 921U(6) to (8) | 3.8 |
| Part 1, item 12, subsection 921W(2) | 3.10 |
| Part 1, item 12, section 921G | 3.11 |
| Part 1, item 12, subsection 921G(1) and section 921K | 3.12 |
| Part 1, item 12, subsection 921G(3) | 3.13 |
| Part 1, item 12, subsection 921H(1) | 3.16 |
| Part 1, item 12, paragraph 921H(2)(a) | 3.18 |
| Part 1, item 12, paragraph 921H(2)(b) | 3.19 |
| Part 1, item 12, section 921J | 3.20 |
| Part 1, item 12, subsection 921J(2) | 3.21 |
| Part 1, item 12, subsection 921K(1) | 3.23 |
| Part 1, item 12, subsections 921K(2) and (3) | 3.23 |
| Part 1, item 12, subsection 921K(4) | 3.24 |
| Part 1, item 12, subsection 921K(5) | 3.25 |
| Part 1, item 12, subsection 921K(6) | 3.26 |
| Part 1, item 12, section 921Q | 3.27, 3.53 |
| Part 1, item 12, paragraphs 921K(7)(a) and (c), and subsection 921K(9) | 3.29 |
| Part 1, item 12, paragraph 921K(7)(b) and subsection 921K(9) | 3.30 |
| Part 1, item 12, subsection 921K(8) | 3.31 |
| Part 1, item 12, subsections 921K(10) and (11) | 3.32 |
| Part 1, item 12, subsection 921R(1) | 3.34 |
| Part 1, item 12, subsection 921R(2) | 3.35 |
| Part 1, item 12, subsection 921R(3) | 3.36 |
| Part 1, item 12, subsections 921R(4) to (6) | 3.37 |
| Part 1, item 12, section 921T | 3.40 |
| Part 1, item 12, section 921K | 3.41 |
| Part 1, item 12, section 921K | 3.42 |
| Part 1, item 12, subsections 921G(2) and 921L(1) | 3.43 |
| Part 1, item 12, subsections 921L(2) and 921M(1) | 3.44 |
| Part 1, item 12, subsections 921L(3) and 921M(2) | 3.45 |
| Part 1, item 12, subsection 921L(1), paragraph 921L(5)(b) and subsection 921M(1) | 3.46 |
| Part 1, item 12, section 921J and subsection 921L(4) | 3.47 |
| Part 1, item 12, subsection 921M(3) | 3.48 |
| Part 1, item 12, paragraph 921L(5)(a) and subsection 921M(1) | 3.49 |
| Part 1, item 12, subsection 921L(6) | 3.50 |
| Part 1, item 12, subsection 921B(5) | 2.17 |
| Part 1, item 12, section 921N | 3.56 |
| Part 1, item 12, section 921P | 3.60 |
| Part 1, item 12, subsection 921P(2) | 3.61 |
| Part 1, item 12, section 921S | 3.63 |
| Part 1, item 12, subsection 921S(3) | 3.65 |
| Part 1, item 12, subsection 921L(7) and item 25, subsection 70-40(3AA) | 3.69 |
| Part 1, item 12, subsection 921D(1) | 2.17 |
| Part 1, item 12, subsections 921U(3) and (4) | 4.21 |
| Part 1, item 12, section 921N | 4.25 |
| Part 1, item 12, section 921U | 4.40 |
| Part 1, item 12, subsection 921X(2) | 5.7 |
| Part 1, items 12, sections 921B, 921U and 921V, and Schedule 1, Part 2, item 27, subsection 1546B(7) | 5.9 |
| Part 1, item 12, section 921B | 2.13 |
| Part 1, item 12, paragraph 921U(1)(b) | 5.12 |
| Part 1, item 12, subsection 921U(6) | 5.13 |
| Part 1, item 12, subsections 921U(7) to (8) | 5.14 |
| Part 1, item 12, section 921W | 5.15 |
| Part 1, item 12, subsection 921U(9) | 5.16 |
| Part 1, item 12, paragraph 921X(2)(x) | 5.17 |
| Part 1, item 12, paragraph 921X(2)(c) | 5.20 |
| Part 1, item 12, subparagraph 921X(2)(c)(viii) | 5.22 |
| Part 1, item 12, subparagraph 921X(2)(c)(ix) | 5.22 |
| Part 1, item 12, subparagraphs 921X(2)(c)(xi) and (xii) | 5.25 |
| Part 1, item 12, section 921X | 5.26 |
| Part 1, item 12, section 921X | 5.27 |
| Part 1, item 12, section 921Y | 5.28 |
| Part 1, item 12, subsections 921Y(2), (5) and (6) | 5.29 |
| Part 1, item 12, section 921Z | 5.30 |
| Part 1, item 12, subsection 921Z(1) | 5.31 |
| Part 1, item 12, section 921ZA | 5.32 |
| Part 1, item 12, subsections 921ZB(1) to (3) | 5.33 |
| Part 1, item 12, subsection 921ZB(4) | 5.34 |
| Part 1, item 12, section 921ZC and Schedule 1, Part 2, item 27, section 1546H | 5.36 |
| Part 1, item 13, before section 922A | 4.6 |
| Part 1, item 14, note after subsection 922A(2) | 4.8 |
| Part 1, item 15, section 922B | 4.10 |
| Part 1, item 16, subsection 922Q(2) | 4.31 |
| Part 1, item 16, paragraph 922Q(2)(j) | 4.32 |
| Part 1, item 16, sections 922R and 922S | 4.33 |
| Part 1, item 16, sections 922HB and 922L | 2.22, 4.20 |
| Part 1, item 16, section 922M and Schedule 1, Part 2, item 27, section 1546ZA | 4.56 |
| Part 1, item 16, sections 922Q to 922S | 4.8 |
| Part 1, item 16, subsection 922Q(1) and paragraph 922Q(2)(r) | 3.57 |
| Part 1, item 16, section 922HD | 3.54 |
| Part 1, item 16, sections 922D to 922G | 4.12 |
| Part 1, item 16, sections 922H, 922J and 922K | 4.13 |
| Part 1, item 16, paragraphs 922E(1)(b) and 922F(1)(b) | 4.14 |
| Part 1, item 16, paragraphs 922E(1)(i) and 922F(1)(n) | 4.14 |
| Part 1, item 16, subparagraphs 922E(1)(h)(ii) and 922F(1)(m)(ii) | 4.14 |
| Part 1, item 16, sections 922J and 922K | 4.14 |
| Part 1, item 16, subsections 922F(3) and 922M(2) | 4.15 |
| Part 1, item 16, paragraphs 922F(1)(f) to (h) and subsection 922F(4) | 4.17 |
| Part 1, item 16, section 922H | 4.18 |
| Part 1, item 16, section 922HA | 4.19 |
| Part 1, item 16, section 922M | 3.55 |
| Part 1, item 16, section 922HC | 4.23 |
| Part 1, item 16, section 922HD | 4.24 |
| Part 1, item 16, sections 922D to 922S | 4.7 |
| Part 1, item 16, subsections 922HD(1) and (3), and section 922L | 4.26 |
| Part 1, item 16, sections 922L and 922P | 4.27 |
| Part 1, item 16, subsection 922L(6) | 4.27 |
| Part 1, item 16, section 922M | 4.28 |
| Part 1, item 16, subsection 922M(3) | 4.29 |
| Part 1, item 16, section 922N | 4.30 |
| Part 1, item 17, subparagraphs 923C(1)(c)(iii) and (2)(d)(iii) | 2.59 |
| Part 1, item 17, subparagraphs 923C(1)(c)(ii) and (2)(d)(ii), and subsection 923C(9) | 2.60 |
| Part 1, item 17, subsections 923C(3) to (6) | 2.62, 2.63 |
| Part 1, items 17 and 20, subsection 923C(7) and sections 269AAA and 269AAB of the table in Schedule 3 | 2.65 |
| Part 1, item 17, subsection 923C(10) | 2.66 |
| Part 1, item 17, subsections 923C(1), (2) and (8) | 2.57 |
| Part 1, item 18, paragraph 926A(6)(b) | 2.53 |
| Part 1, item 19, subsection 1274A(2) | 4.11 |
| Part 1, items 21 to 23, subparagraphs 60-125(8)(c)(iv), (c)(v) and (d)(iv) | 3.68 |
| Part 1, item 24, note 2 under subsection 70-34(2) and subsection 70-34(3) | 3.72 |
| Part 1, item 24, section 70-34 | 3.71 |
| Part 1, item 26, subsection 90-1(1) | 3.75 |
| Part 1, item 27, subsection 1546T(4) and section 1546V | 4.34 |
| Part 2, item 27, subsections 1546G(1), (2) and (5) | 3.77 |
| Part 2, item 27, subsection 1546G(3) | 3.78 |
| Part 2, item 27, subsection 1546G(4) | 3.79 |
| Part 2, item 27, sections 1546C, 1546D and 1546E | 2.67 |
| Part 2, item 27, section 1546U | 4.34 |
| Part 2, item 27, paragraphs 1546J(a), 1546P(a), 1546Q(a) and 1546R(a) | 4.35 |
| Part 2, item 27, paragraphs 1546J(b), 1546P(b), 1546Q(b) and 1546R(b) | 4.35 |
| Part 2, item 27, section 1546S | 4.36 |
| Part 2, item 27, section 1546T | Table 4.1 |
| Part 2, item 27, subsections 1546E(2) to (5) | 4.39 |
| Part 2, item 27, section 1546A | 2.33 |
| Part 2, item 27, subsection 1546E(1) and section 1546X | 4.41 |
| Part 2, item 27, section 1546Y | 4.42 |
| Part 2, item 27, section 1546N | 4.44, 4.47 |
| Part 2, item 27, section 1546A | 4.46, 6.4 |
| Part 2, item 27, section 1546Z | 4.48 |
| Part 2, item 27, subsection 1546T(2) | 4.49 |
| Part 2, item 27, subsection 1546G(1) and section 1546W | 4.50 |
| Part 2, item 27, subsection 1546T(1) | 4.52 |
| Part 2, item 27, sections 1546L and 1546M and subsection 1546T(3) | 4.53 |
| Part 2, item 27, sections 1546K and 1546W | 4.54 |
| Part 2, item 27, subsection 1546T(1) | 4.55 |
| Part 2, item 27, section 1546F | 3.76, 4.51, 6.19 |
| Part 2, item 27, section 1546ZB | 5.37 |
| Part 2, item 27, section 1546H | 5.40 |
| Part 2, item 27, section 1546A and subsections 1546B(3) to (5) | 6.5 |
| Part 2, item 27, section 1546B | 6.6 |
| Part 2, item 27, paragraph 1546B(1)(a) | 6.7 |
| Part 2, item 27, paragraph 1546B(1)(b) | 6.7 |
| Part 2, item 27, subsection 1546B(2) | 6.9 |
| Part 2, item 27, subsection 1546B(3) | 6.14 |
| Part 2, item 27, subsections 1546B(4) and (5) | 6.16 |
| Part 2, item 27, subsections 1546C(2) and (3) | 6.17 |
| Part 2, item 27, subsection 1546B(6) | 6.18 |
| Part 2, item 27, section 1546E | 6.19 |
| Part 2, item 27, note 3 for subsection 1546B(3) | 6.20 |
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