Senate

Supplementary explanatory memorandum relating to sheet RS134

(Circulated by authority of the Treasurer, the Hon Josh Frydenberg MP)

Chapter 2 - Statement of Compatibility with Human Rights

Prepared in accordance with Part 3 of the Human Rights (Parliamentary Scrutiny) Act 2011

Treasury Law Amendments (2021 Measure No. 1) Bill 2021

2.1 The Parliamentary Amendment is compatible with the human rights and freedoms recognised or declared in the international instruments listed in section 3 of the Human Rights (Parliamentary Scrutiny) Act 2011.

Overview

2.1 The Parliamentary Amendment to the Bill requires the Minister to cause an independent review of Parts 1 and 2 of Schedule 2 (continuous disclosure) to be undertaken within six months after the second anniversary of the commencement of Schedule 2 to the Bill.

2.2 The Government must table the review and make public its response as soon as practicable and in any event within three months of that tabling.

Human rights implications

2.3 The Parliamentary Amendment is compatible with human rights and does not limit any of the applicable human rights and freedoms.

Conclusion

2.4 The Parliamentary Amendment is compatible with human rights as does not raise any human rights issues.