Federal Register of Legislation
Treasury Laws Amendment (Banking Measures No. 1) Act 2018
No. 9, 2018
An Act to amend the law relating to banking, insurance, credit, registrable corporations and financial system regulation, and for related purposes
Contents
1 Short title 2 Commencement 3 Schedules Schedule 1—Non‑ADI lender rules Banking Act 1959 Schedule 2—Registrable corporations Financial Sector (Collection of Data) Act 2001 Schedule 3—Restricted words Banking Act 1959 Schedule 4—Objects provisions Banking Act 1959 Insurance Act 1973 Life Insurance Act 1995 Schedule 5—Credit card reforms Part 1—When a credit card contract, or a credit limit increase, is unsuitable National Consumer Credit Protection Act 2009 Part 2—Credit limits Division 1—Credit limit increases National Consumer Credit Protection Act 2009 Division 2—Credit limit reductions National Consumer Credit Protection Act 2009 Part 3—Interest charges National Consumer Credit Protection Act 2009 Part 4—Ending credit card contracts National Consumer Credit Protection Act 2009 Part 5—Application provisions National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009
Treasury Laws Amendment (Banking Measures No. 1) Act 2018 No. 9, 2018
An Act to amend the law relating to banking, insurance, credit, registrable corporations and financial system regulation, and for related purposes
[Assented to 5 March 2018]
The Parliament of Australia enacts:
1 Short title This Act is the Treasury Laws Amendment (Banking Measures No. 1) Act 2018.
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. 5 March 2018 2. Schedules 1 and 2 The day this Act receives the Royal Assent. 5 March 2018 3. Schedule 3 The day after the end of the period of 2 months beginning on the day this Act receives the Royal Assent. 5 May 2018 4. Schedule 4 The day this Act receives the Royal Assent. 5 March 2018 5. Schedule 5, Part 1 1 January 2019. 1 January 2019 6. Schedule 5, Part 2, Division 1 1 July 2018. 1 July 2018 7. Schedule 5, Part 2, Division 2 1 January 2019. 1 January 2019 8. Schedule 5, Parts 3 and 4 1 January 2019. 1 January 2019 9. Schedule 5, item 24 1 July 2018. 1 July 2018 10. Schedule 5, item 25 1 January 2019. 1 January 2019
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