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This is a Bill, not an Act. For current law, see the Acts databases.
2016-2017
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
ASIC Supervisory Cost Recovery Levy
Amendment Bill 2017
No. , 2017
(Treasury)
A Bill for an Act to amend the ASIC Supervisory
Cost Recovery Levy Act 2017, and for related
purposes
No. , 2017
ASIC Supervisory Cost Recovery Levy Amendment Bill 2017
i
Contents
1
Short title ........................................................................................... 1
2
Commencement ................................................................................. 1
3
Schedules ........................................................................................... 2
Schedule 1--Financial benchmarks
3
ASIC Supervisory Cost Recovery Levy Act 2017
3
No. , 2017
ASIC Supervisory Cost Recovery Levy Amendment Bill 2017
1
A Bill for an Act to amend the ASIC Supervisory
1
Cost Recovery Levy Act 2017, and for related
2
purposes
3
The Parliament of Australia enacts:
4
1 Short title
5
This Act is the ASIC Supervisory Cost Recovery Levy Amendment
6
Act 2017.
7
2 Commencement
8
(1) Each provision of this Act specified in column 1 of the table
9
commences, or is taken to have commenced, in accordance with
10
column 2 of the table. Any other statement in column 2 has effect
11
according to its terms.
12
13
2
ASIC Supervisory Cost Recovery Levy Amendment Bill 2017
No. , 2017
Commencement information
Column 1
Column 2
Column 3
Provisions
Commencement
Date/Details
1. Sections 1 to 3
and anything in
this Act not
elsewhere covered
by this table
The day this Act receives the Royal Assent.
2. Schedule 1
At the same time as Part 1 of Schedule 1 to
the Treasury Laws Amendment (2017
Measures No. 5) Act 2017 commences.
However, the provisions do not commence
at all if that Part does not commence.
Note:
This table relates only to the provisions of this Act as originally
1
enacted. It will not be amended to deal with any later amendments of
2
this Act.
3
(2) Any information in column 3 of the table is not part of this Act.
4
Information may be inserted in this column, or information in it
5
may be edited, in any published version of this Act.
6
3 Schedules
7
Legislation that is specified in a Schedule to this Act is amended or
8
repealed as set out in the applicable items in the Schedule
9
concerned, and any other item in a Schedule to this Act has effect
10
according to its terms.
11
Financial benchmarks Schedule 1
No. , 2017
ASIC Supervisory Cost Recovery Levy Amendment Bill 2017
3
Schedule 1--Financial benchmarks
1
2
ASIC Supervisory Cost Recovery Levy Act 2017
3
1 Section 7 (after paragraph (g) of the definition of market
4
infrastructure entity)
5
Insert:
6
(ga) a benchmark administrator licensee (within the meaning of
7
the Corporations Act 2001); or
8
2 Section 7 (after paragraph (j) of the definition of market
9
infrastructure entity)
10
Insert:
11
(ja) a person who:
12
(i) administers a significant financial benchmark (within
13
the meaning of the Corporations Act 2001); and
14
(ii) contravenes subsection 908BA(1) of that Act (which is
15
about the requirement to hold a benchmark
16
administrator licence) in relation to that financial
17
benchmark; or
18