Division Description Changes — Bills — Financial Sector Reform (Hayne Royal Commission Response) Bill 2020, Corporations (Fees) Amendment (Hayne Royal Commission Response) Bill 2020; Consideration in Detail — 9th Dec 2020

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representatives vote 2020-12-09#3

Edited by mackay staff

on 2021-01-22 12:32:36

Title

  • Bills — Financial Sector Reform (Hayne Royal Commission Response) Bill 2020, Corporations (Fees) Amendment (Hayne Royal Commission Response) Bill 2020; Consideration in Detail
  • Financial Sector Reform (Hayne Royal Commission Response) Bill 2020 - Consideration in Detail - Commencement

Description

  • <p class="speaker">Stephen Jones</p>
  • <p>I move:</p>
  • <p class="italic">(1) Schedule 9, item 66, page 106 (lines 29 to 33), omit paragraphs (a) and (b), substitute,</p>
  • The majority voted in favour of *disagreeing* with an [amendment](https://www.openaustralia.org.au/debate/?id=2020-12-09.41.1) introduced by MP for Whitlam [Stephen Jones](https://theyvoteforyou.org.au/people/representatives/whitlam/stephen_jones) (Labor), which means it failed.
  • ### Amendment text
  • > *(1) Schedule 9, item 66, page 106 (lines 29 to 33), omit paragraphs (a) and (b), substitute,*
  • >
  • >> *(a) liabilities imposed on or after 1 January 2022; and*
  • >>
  • >> *(b) amounts that become payable under infringement notices (however described) given on or after 1 January 2022.*
  • ### Original wording
  • > *66 Application and transitional—indemnification*
  • >
  • > *The amendments of sections 56 and 57 of the Superannuation Industry (Supervision) Act 1993 made by items 63 and 64 of this Schedule apply in relation to:*
  • >
  • >> *(a) liabilities imposed on or after the commencement of those items; and*
  • >>
  • >> *(b) amounts that become payable under infringement notices (however described) given on or after the commencement of those items.*
  • <p class="italic">(a) liabilities imposed on or after 1 January 2022; and</p>
  • <p class="italic">(b) amounts that become payable under infringement notices (however described) given on or after 1 January 2022.</p>
  • <p class="speaker">Tony Smith</p>
  • <p>The question is that the amendment moved by the member for Whitlam be disagreed to.</p>