Treasury Laws Amendment (Financial Sector Regulation) Act 2018 (Cth)

Treasury Laws Amendment (Financial Sector Regulation) Act 2018

No. 142, 2018

An Act to amend the law in relation to the financial sector, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Restrictions on shareholdings Part 1—Amendments Financial Sector (Shareholdings) Act 1998 Part 2—Application and transitional provisions Schedule 2—Limited banking licences Part 1—Authority to carry on banking business for a limited time Banking Act 1959 Part 2—Miscellaneous amendments Banking Act 1959

Treasury Laws Amendment (Financial Sector Regulation) Act 2018 No. 142, 2018

An Act to amend the law in relation to the financial sector, and for related purposes

[Assented to 29 November 2018]

The Parliament of Australia enacts:

1 Short title This Act is the Treasury Laws Amendment (Financial Sector Regulation) 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. 29 November 2018 2. Schedule 1 The first 1 January, 1 April, 1 July or 1 October to occur after the end of the period of 2 months beginning on the day this Act receives the Royal Assent. 1 April 2019 3. Schedule 2 The day after this Act receives the Royal Assent. 30 November 2018