9th Sep 2024, 12:19 PM – Representatives Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 - Consideration of Senate Message - Agree and pass bill

The majority voted in favour of a motion "That the amendments be agreed to." In other words, they voted to agree with the Senate amendments. This means that the bill has now been passed in its final form in both houses of parliament and so can now become law.

Amendment text

(1) Schedule 2, page 109 (after line 11), after item 1, insert:

1A Subsection 821A(2)

Omit "paragraph (1)(aa), (a), (c), (d), (e), (f), (g) or (h)", substitute "a paragraph of subsection (1) other than paragraph (b)".

(2) Schedule 2, Part 4, page 122 (lines 1 to 14), omit the Part.

(3) Schedule 2, item 127, page 194 (lines 24 to 26), omit the item.

(4) Schedule 4, item 26, page 259 (after line 21), after subsection 296D(2), insert:

(2A) Subsection (2B) applies if sustainability standards made for the purposes of subsection (1) require the disclosure of:

(a) a scenario analysis (within the meaning given by sustainability standards made for the purposes of this paragraph); or

(b) information derived from a scenario analysis; or

(c) information about a scenario analysis.

(2B) For the purposes of subsection (1), a disclosure of a scenario analysis, information derived from a scenario analysis or information about a scenario analysis is taken not to satisfy that requirement unless the scenario analysis is carried out using at least both of the following scenarios:

(a) the increase in the global average temperature well exceeds the increase mentioned in subparagraph 3(a)(i) of the Climate Change Act 2022;

(b) the increase in the global average temperature is limited to the increase mentioned in subparagraph 3(a)(ii) of that Act.

(5) Schedule 5, page 288 (after line 18), after item 6, insert:

6A Paragraphs 850B(1)(b) and (c)

Omit "Australian Stock Exchange Limited" (wherever occurring), substitute "ASX Limited".

6B Subsection 851A(1)

Omit "Australian Stock Exchange Limited", substitute "ASX Limited".

(6) Schedule 5, item 8, page 288 (lines 23 and 24), omit "Australian Securities Exchange Limited", substitute "ASX Limited".

(7) Schedule 5, item 9, page 289 (line 5), omit "Australian Securities Exchange Limited", substitute "ASX Limited".