Financial System Legislation Amendment (Financial Claims Scheme and Other Measures) Act 2008 (Cth)

Financial System Legislation Amendment (Financial Claims Scheme and Other Measures) Act 2008

No. 105, 2008

An Act to amend the law relating to banking and insurance, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedule(s)

Schedule 1—Financial Claims Scheme

Part 1—Amendment of the Banking Act 1959

Part 2—Amendment of the Insurance Act 1973

Part 3—Amendment of the Australian Prudential Regulation Authority Act 1998

Part 4—Consequential amendments Administrative Decisions (Judicial Review) Act 1977 Corporations Act 2001 Financial Institutions Supervisory Levies Collection Act 1998 Income Tax Assessment Act 1936 Reserve Bank Act 1959 Taxation Administration Act 1953

Part 5—Application and transitional provisions

Schedule 2—Other measures: banking Banking Act 1959

Schedule 3—Other measures: general insurance

Part 1—Main amendments Insurance Act 1973

Part 2—Related amendments Corporations Act 2001

Schedule 4—Other measures: life insurance Life Insurance Act 1995

Schedule 5—Other measures: transfer of business Financial Sector (Business Transfer and Group Restructure) Act 1999

Financial System Legislation Amendment (Financial Claims Scheme and Other Measures) Act 2008

No. 105, 2008

An Act to amend the law relating to banking and insurance, and for related purposes

[Assented to 17 October 2008]

The Parliament of Australia enacts:

1 Short title

This Act may be cited as the Financial System Legislation Amendment (Financial Claims Scheme and Other Measures) Act 2008.

2 Commencement

(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information Column 1 Column 2 Column 3 Provision(s) Commencement Date/Details 1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table The day on which this Act receives the Royal Assent. 17 October 2008 2. Schedule 1 Immediately after the provision(s) covered by table item 3. 18 October 2008 3. Schedules 2 to 5 The day after this Act receives the Royal Assent. 18 October 2008