Law Council of Australia

Business Law Section

Limited Circulation Exposure Draft—Treasury Laws Amendment (Measures for Consultation) Bill 2023: ALRC Financial Services Interim Report Tranche 2

The Financial Services Committee of the Business Law Section of the Law Council of Australia (the Committee) provided a submission to the Treasury in response to limited circulation exposure draft schedules and a revised explanatory memorandum (collectively the Supplementary Materials).

The Supplementary Materials relate to the exposure draft Treasury Laws Amendment (Measures for Consultation) Bill 2022: ALRC Financial Services Interim Report Tranche 2 (the ALRC Tranche 2 Bill), which was released for consultation on 12 December 2022. The Committee, together with the Corporations Committee, provided a submission to Treasury in response to that exposure draft ALRC Tranche 2 Bill on 12 January 2023.

The Supplementary Materials update the ALRC Tranche 2 Bill and its Explanatory Memorandum, including measures to take account of certain other Bills which are currently before Parliament which would amend various pieces of Treasury portfolio legislation which are impacted by the ALRC Tranche 2 Bill.

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