Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023 (Cth)

Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023

No. 69, 2023

An Act to amend the law relating to corporations, consumer credit and other matters in the Treasury portfolio, to make miscellaneous and technical amendments of the law of the Commonwealth, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Modernising business communications Part 1—Documents and meetings under the Corporations Act 2001 Corporations Act 2001 Part 2—Virtual hearings and examinations Australian Prudential Regulation Authority Act 1998 Australian Securities and Investments Commission Act 2001 Competition and Consumer Act 2010 National Consumer Credit Protection Act 2009 Tax Agent Services Act 2009 Part 3—Payment methods Corporations Act 2001 Excise Act 1901 Small Superannuation Accounts Act 1995 Part 4—Publication requirements and other amendments Competition and Consumer Act 2010 Corporations Act 2001 Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Insurance Act 1973 Life Insurance Act 1995 National Consumer Credit Protection Act 2009 Private Health Insurance (Prudential Supervision) Act 2015 Productivity Commission Act 1998 Superannuation Industry (Supervision) Act 1993 Taxation Administration Act 1953 Schedule 2—ALRC Financial Services Interim Report Part 1—Removal of erroneous references and redundant definitions Australian Securities and Investments Commission Act 2001 Corporations Act 2001 Part 2—Consistent headings for sections defining terms Corporations Act 2001 Part 3—Other amendments Division 1—Single use definitions Australian Securities and Investments Commission Act 2001 Corporations Act 2001 Division 2—Definitions about resolutions Corporations Act 2001 Division 3—Certain inclusive and relational definitions Corporations Act 2001 Division 4—Review fee Corporations Act 2001 Division 5—Rules of Court Corporations Act 2001 Division 6—Other amendments Corporations Act 2001 Part 4—Application and transitional provisions Australian Securities and Investments Commission Act 2001 Corporations Act 2001 Part 5—Consequential amendments of other Acts ASIC Supervisory Cost Recovery Levy Act 2017 Taxation Administration Act 1953 Schedule 3—Rationalisation of ending ASIC instruments Part 1—Voting control limits for proposed licensed trustee companies Division 1—Amendments Corporations Act 2001 Division 2—Repeals ASIC Class Order [CO 12/340] Part 2—Information in a Financial Services Guide given in a time critical situation Division 1—Amendments Corporations Act 2001 Division 2—Repeals ASIC Corporations (Financial Services Guide Given in a Time Critical Situation) Instrument 2022/498 Part 3—Product Disclosure Statement requirements for general insurance quotes Division 1—Amendments Corporations Act 2001 Division 2—Repeals ASIC Corporations (PDS Requirements for General Insurance Quotes) Instrument 2022/66 Part 4—Describing debentures as secured notes Division 1—Amendments Corporations Act 2001 Division 2—Repeals ASIC Corporations (Describing Debentures—Secured Notes) Instrument 2022/61 Part 5—Notice requirements in the hardship provisions of the National Credit Code Division 1—Amendments National Consumer Credit Protection Act 2009 National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 Division 2—Repeals ASIC Class Order [CO 14/41] Schedule 4—Miscellaneous and technical amendments Part 1—Amendments commencing day after Royal Assent Division 1—Foreign ownership register notices Foreign Acquisitions and Takeovers Act 1975 Division 2—Infringement notices Corporations Act 2001 Division 3—Motor vehicle service and repair information scheme adviser Competition and Consumer Act 2010 Division 4—Fringe Benefits technical amendment Fringe Benefits Tax Assessment Act 1986 Division 5—Disclosure of protected information Commonwealth Registers Act 2020 Division 6—Giving TFNs under corporations legislation Corporations (Aboriginal and Torres Strait Islander) Act 2006 Corporations Act 2001 Division 7—Consumers Competition and Consumer Act 2010 Division 8—Giving notices under the Superannuation Industry (Supervision) Act 1993 Superannuation Industry (Supervision) Act 1993 Division 9—Declarations for fringe benefits tax assessment Fringe Benefits Tax Assessment Act 1986 Division 10—Cross reference update Superannuation Industry (Supervision) Act 1993 Division 11—Exempt core Part 3 actions Foreign Acquisitions and Takeovers Act 1975 Division 12—Application provisions relating to financial advisers Corporations Act 2001 Division 13—Renumbering Australian Securities and Investments Commission Act 2001 Financial Sector Reform (Hayne Royal Commission Response—Protecting Consumers (2019 Measures)) Act 2020 Division 14—Virtual RSE annual members' meetings Superannuation Industry (Supervision) Act 1993 Division 15—Repeal of redundant appropriation Treasury Laws Amendment (North Queensland Flood Recovery) Act 2019 Division 16—CCIV technical amendments Corporations Act 2001 Division 17—Recognised tax advisers Income Tax Assessment Act 1997 Division 18—Reference Checking and Information Sharing Protocol Corporations Act 2001 National Consumer Credit Protection Act 2009 National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 Division 19—Disclosure documents for offers in a MIS Corporations Act 2001 Division 20—Elections under section 110E of the Corporations Act 2001 Corporations Act 2001 Division 21—Continuing credit contracts exemption National Consumer Credit Protection Regulations 2010 Part 2—Amendments commencing first day of next quarter Division 1—Asterisking A New Tax System (Goods and Services Tax) Act 1999 Division 2—Equal representation rules Superannuation Industry (Supervision) Act 1993 Division 3—Registration requirements for GST A New Tax System (Goods and Services Tax) Act 1999