Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024 (Cth)

Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024

No. 87, 2024

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

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Financial market infrastructure: resolution authority Part 1—Crisis resolution Corporations Act 2001 Part 2—Crisis prevention Corporations Act 2001 Part 3—Amendments of other Acts Australian Securities and Investments Commission Act 2001 Banking Act 1959 Insurance Act 1973 Life Insurance Act 1995 Payment Systems and Netting Act 1998 Personal Property Securities Act 2009 Reserve Bank Act 1959 Part 4—Amendments contingent on other Acts Corporations Act 2001 Reserve Bank Act 1959 Schedule 2—Financial market infrastructure: new and enhanced regulatory powers Part 1—Who may be granted an Australian CS facility licence? Division 1—Main amendments Corporations Act 2001 Division 2—Related amendments Corporations Act 2001 Part 2—Dealing with licences that are not being used etc. Corporations Act 2001 Part 3—Declared financial markets and widely held market bodies Division 1—Main amendments about declared financial markets Corporations Act 2001 Division 2—Other amendments about declared financial markets Bankruptcy Act 1966 Personal Property Securities Act 2009 Division 3—Widely held market bodies Corporations Act 2001 Part 5—Approval for control of certain Australian licensees Division 1—Controlled Australian financial bodies Corporations Act 2001 Division 2—Market licensees and CS facility licensees Corporations Act 2001 Division 3—Involvement with licensees Corporations Act 2001 Part 6—Limits on certain market licences and CS facility licences Corporations Act 2001 Part 7—Rule‑making power for CS facility licensees Corporations Act 2001 Part 8—Streamlining some of ASIC's existing directions powers Corporations Act 2001 Part 9—Enhancing regulator powers for CS facility licensees Division 1—Main amendments Corporations Act 2001 Division 2—Other amendments Australian Securities and Investments Commission Act 2001 Corporations Act 2001 Reserve Bank Act 1959 Part 10—Enhancing ASIC powers for other licensees Corporations Act 2001 Part 11—Fit, proper, capable and competent person standards Division 1—Additional obligation for certain licensees Corporations Act 2001 Division 2—Financial market infrastructure banning orders Corporations Act 2001 Part 12—Arrangements under which certain foreign operators need to be licensed or exempt Corporations Act 2001 Part 13—Application and transitional provisions Corporations Act 2001 Part 14—Amendments contingent on the Treasury Laws Amendment (Reserve Bank Reforms) Act 2024 Reserve Bank Act 1959 Schedule 3—Financial market infrastructure: transfer of powers Part 1—Main amendments Division 1—Licensing of financial markets Corporations Act 2001 Division 2—Licensing of CS facilities Corporations Act 2001 Part 2—Application and transitional provisions Corporations Act 2001 Schedule 4—Sustainability reporting Part 1—Sustainability reporting Australian Securities and Investments Commission Act 2001 Corporations Act 2001 Part 2—Audit Corporations Act 2001 Part 3—Sustainability and auditing standards Australian Securities and Investments Commission Act 2001 Corporations Act 2001 Part 4—Application and transitional provisions Corporations Act 2001 Schedule 5—Other amendments Australian Securities and Investments Commission Act 2001 Corporations Act 2001 Insurance Act 1973