Financial System Legislation Amendment (Resilience and Collateral Protection) Act 2016 (Cth)

Financial System Legislation Amendment (Resilience and Collateral Protection) Act 2016

No. 43, 2016

An Act to amend the law in relation to payment systems and netting and other aspects of the financial sector, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Amendments Part 1—Payment systems and netting Payment Systems and Netting Act 1998 Part 2—Other amendments Banking Act 1959 Financial Sector (Business Transfer and Group Restructure) Act 1999 Insurance Act 1973 Life Insurance Act 1995 Private Health Insurance (Prudential Supervision) Act 2015 Part 3—Application

Financial System Legislation Amendment (Resilience and Collateral Protection) Act 2016 No. 43, 2016

An Act to amend the law in relation to payment systems and netting and other aspects of the financial sector, and for related purposes

[Assented to 4 May 2016]

The Parliament of Australia enacts:

1 Short title This Act may be cited as the Financial System Legislation Amendment (Resilience and Collateral Protection) Act 2016.

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 Provisions Commencement Date/Details 1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table The day this Act receives the Royal Assent. 4 May 2016 2. Schedule 1 The 28th day after this Act receives the Royal Assent. 1 June 2016