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Financial Sector Reform (Amendments and Transitional Provisions) Act 1998
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Department of the Treasury
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C2004A00314
29 June 1998
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29 June 1998
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1 Short title
2 Commencement
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3 Schedule(s)
Schedule 1—Amendment of the Australian Securities Commission Act 1989
Schedule 2—Amendment of the Banking Act 1959
Schedule 3—Repeal of the Banks (Shareholdings) Act 1972
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Schedule 4—Amendment of the Corporations Law set out in section 82 of the Corporations Act 1989
Part 1—Changing the administration of the Corporations Law
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Schedule 5—Amendment of the Corporations Law set out in section 82 of the Corporations Act 1989 to take account of the Company Law Review Act 1998
Part 1—General amendments to take account of Schedule 1 to the Company Law Review Act 1998
Part 2—Changing “ASC” to “ASIC” to take account of Schedule 1 to the Company Law Review Act 1998
Part 4—Changing “ASC” to “ASIC” to take account of Schedules 2 to 4 to the Company Law Review Act 1998
Part 5—General amendments to take account of Schedule 5 to the Company Law Review Act 1998
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Schedule 6—Amendment of the Corporations Law set out in section 82 of the Corporations Act 1989 to take account of the Managed Investments Act 1998
Part 1—General amendments to take account of Schedule 1 to the Managed Investments Act 1998
Part 2—Changing “ASC” to “ASIC” to take account of Schedule 1 to the Managed Investments Act 1998
Part 3—General amendments to take account of Schedule 2 to the Managed Investments Act 1998
Part 4—Changing “ASC” to “ASIC” to take account of Schedule 2 to the Managed Investments Act 1998
Schedule 7—Amendment of the Financial Corporations Act 1974
Schedule 8—Amendment of the Insurance Acquisitions and Takeovers Act 1991
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Schedule 9—Amendment of the Insurance Act 1973
Part 1—Changing the administration of the Act (main amendments)
Part 2—Changing “Commissioner” to “APRA” (main amendments)
Part 3—Changing the administration of the Act (amendments to take account of Schedule 2 to the Insurance Laws Amendment Act 1998)
Part 4—Changing “Commissioner” to “APRA” (amendments to take account of Schedule 2 to the Insurance Laws Amendment Act 1998)
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Schedule 10—Amendment of the Insurance (Agents and Brokers) Act 1984
Part 1—Changing the administration of the Act
Part 2—Changing “Commissioner” to “ASIC”
Part 3—Changing “Commissioner’s” to “ASIC’s”
Part 4—Amendments to take account of Schedule 1 to the Insurance Laws Amendment Act 1998
Schedule 11—Repeal of the Insurance and Superannuation Commissioner Act 1987
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Schedule 12—Amendment of the Insurance Contracts Act 1984
Part 1—Changing the administration of the Act
Part 2—Changing “Commissioner” to “ASIC”
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Schedule 13—Amendment of the Life Insurance Act 1995
Part 1—Changing the administration of the Act
Part 2—Changing “Commissioner” to “APRA”
Part 3—Changing “Commissioner’s” to “APRA’s”
Part 4—Changing “Commissioner’s rules” to “Prudential Rules”
Part 5—Changing “Commissioner” to “ASIC”
Part 6—Changing “Commissioner” to “Regulator”
Part 7—Other amendments
Schedule 14—Amendment of the Reserve Bank Act 1959
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Schedule 15—Amendment of the Retirement Savings Accounts Act 1997
Part 1—Changing the administration of the Act
Part 2—Changing “Commissioner” to “APRA”
Part 3—Changing “Commissioner” to “ASIC”
Part 4—Changing “Commissioner” to “Regulator”
Part 5—Changing “Commissioner’s” to “Regulator’s”
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Schedule 16—Amendment of the Superannuation Industry (Supervision) Act 1993
Part 1—Changing the administration of the Act
Part 2—Changing “Commissioner” to “APRA”
Part 3—Changing “Commissioner’s” to “APRA’s”
Part 4—Changing “Commissioner” to “ASIC”
Part 5—Changing “Commissioner” to “Regulator”
Part 6—Changing “Commissioner’s” to “Regulator’s”
Part 7—Amendments to take account of Part 1 of Schedule 2 to the Superannuation Legislation Amendment Act 1998
Part 8—Amendments to take account of Schedule 1 to the Superannuation Legislation Amendment (Choice of Superannuation Funds) Act 1998
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Schedule 17—Amendment of the Superannuation (Resolution of Complaints) Act 1993
Part 1—Amendments relating to changing “Commissioner” to “ASIC”
Part 2—Changing “Commissioner” to “ASIC”
Part 3—Amendment to take account of Schedule 3 to the Superannuation Legislation Amendment Act 1998
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Schedule 18—Amendment and repeal of other Acts
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Part 1—Amendment and repeal of levy Acts
General Insurance Supervisory Levy Act 1989
Insurance Supervisory Levies Collection Act 1989
Life Insurance Supervisory Levy Act 1989
Retirement Savings Accounts Supervisory Levy Act 1997
Superannuation Entities (Taxation) Act 1987
Superannuation Supervisory Levy Act 1991
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Part 2—Amendment of other Acts
Acts Interpretation Act 1901
Australian Prudential Regulation Authority Act 1998
Corporations Act 1989
Crimes Act 1914
Financial Corporations (Transfer of Assets and Liabilities) Act 1993
Financial Transactions Reports Act 1988
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Schedule 19—Transitional provisions
Part 1—Transitional provisions relating to amendments of the Banking Act 1959
Part 2—Transitional provisions relating to amendments of the Financial Corporations Act 1974
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Part 3—Transitional provisions relating to the establishment of APRA and the repeal of the Insurance and Superannuation Commissioner Act 1987
Division 1—Interpretation
Division 2—Transfer of staff
Division 3—Transfer of assets and liabilities
Division 4—Other general transitional provisions
Part 4—Transitional provisions relating to amendments of the Reserve Bank Act 1959
Part 5—Transitional provisions relating to the Payment Systems (Regulation) Act 1998
Part 6—Transitional provisions relating to levies
Part 7—Regulations dealing with transitional matters