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TREASURY LAWS AMENDMENT (PUTTING CONSUMERS FIRST--ESTABLISHMENT OF THE AUSTRALIAN FINANCIAL COMPLAINTS AUTHORITY) ACT 2018 - NOTES

No. 13, 2018

Compilation No. 1

Compilation date: 10 August 2022

Includes amendments up to: Act No. 35, 2022

Registered: 25 August 2022

About this compilation

This compilation

This is a compilation of the Treasury Laws Amendment (Putting Consumers First--Establishment of the Australian Financial Complaints Authority) Act 2018 that shows the text of the law as amended and in force on 10 August 2022 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self-repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

 

 

 

Contents

1 Short title

2 Commencement

3 Schedules

4 Review of operation of amendments

Schedule 1--External dispute resolution

Part 1--Amendments applying from the day after Royal Assent

Corporations Act 2001

Retirement Savings Accounts Act 1997

Superannuation (Resolution of Complaints) Act 1993

Part 2--Amendments applying once the first authorisation of an external dispute resolution scheme comes into force

Administrative Decisions (Judicial Review) Act 1977

Australian Defence Force Cover Act 2015

Australian Prudential Regulation Authority Act 1998

Australian Securities and Investments Commission Act 2001

Income Tax Assessment Act 1997

Retirement Savings Accounts Act 1997

Superannuation Contributions Tax (Assessment and Collection) Act 1997

Superannuation Industry (Supervision) Act 1993

Taxation Administration Act 1953

Part 3--Amendments relating to requiring membership of the AFCA scheme

Corporations Act 2001

National Consumer Credit Protection Act 2009

National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009

Retirement Savings Accounts Act 1997

Superannuation Industry (Supervision) Act 1993

Part 4--Amendments relating to closing off existing external dispute resolution schemes

Australian Defence Force Cover Act 2015

Income Tax Assessment Act 1997

National Consumer Credit Protection Act 2009

Superannuation Contributions Tax (Assessment and Collection) Act 1997

Superannuation (Resolution of Complaints) Act 1993

Taxation Administration Act 1953

Part 5--Amendments relating to no longer requiring membership of existing external dispute resolution schemes

Corporations Act 2001

National Consumer Credit Protection Act 2009

National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009

Schedule 2--Internal dispute resolution

Australian Securities and Investments Commission Act 2001

Corporations Act 2001

National Consumer Credit Protection Act 2009

Retirement Savings Accounts Act 1997

Superannuation Industry (Supervision) Act 1993

Schedule 3--Repeal of the Superannuation (Resolution of Complaints) Act 1993

Part 1--Repeal of the Superannuation (Resolution of Complaints) Act 1993

Superannuation (Resolution of Complaints) Act 1993

Part 2--Consequential amendments

Australian Defence Force Superannuation Act 2015

Australian Securities and Investments Commission Act 2001

Insurance Act 1973

Life Insurance Act 1995

Retirement Savings Accounts Act 1997

Superannuation Act 1976

Superannuation Act 1990

Superannuation Act 2005

Superannuation Industry (Supervision) Act 1993

Superannuation (Unclaimed Money and Lost Members) Act 1999

Taxation Administration Act 1953

Part 3--Application, saving and transitional provisions

Endnotes

Endnote 1--About the endnotes

Endnote 2--Abbreviation key

Endnote 3--Legislation history

Endnote 4--Amendment history

Endnotes

Endnote 1--About the endnotes

The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1--About the endnotes

Endnote 2--Abbreviation key

Endnote 3--Legislation history

Endnote 4--Amendment history

Abbreviation key--Endnote 2

The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history--Endnotes 3 and 4

Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.

Editorial changes

The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.

If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.

Misdescribed amendments

A misdescribed amendment is an amendment that does not accurately describe how an amendment is to be made. If, despite the misdescription, the amendment can be given effect as intended, then the misdescribed amendment can be incorporated through an editorial change made under section  15V of the Legislation Act 2003.

If a misdescribed amendment cannot be given effect as intended, the amendment is not incorporated and "(md not incorp)" is added to the amendment history.

 

Endnote 2--Abbreviation key

ad = added or inserted

o = order(s)

am = amended

Ord = Ordinance

amdt = amendment

orig = original

c = clause(s)

par = paragraph(s)/subparagraph(s)

C[x] = Compilation No. x

/sub-subparagraph(s)

Ch = Chapter(s)

pres = present

def = definition(s)

prev = previous

Dict = Dictionary

(prev ... ) = previously

disallowed = disallowed by Parliament

Pt = Part(s)

Div = Division(s)

r = regulation(s)/rule(s)

ed = editorial change

reloc = relocated

exp = expires/expired or ceases/ceased to have

renum = renumbered

effect

rep = repealed

F = Federal Register of Legislation

rs = repealed and substituted

gaz = gazette

s = section(s)/subsection(s)

LA = Legislation Act 2003

Sch = Schedule(s)

LIA = Legislative Instruments Act 2003

Sdiv = Subdivision(s)

(md) = misdescribed amendment can be given

SLI = Select Legislative Instrument

effect

SR = Statutory Rules

(md not incorp) = misdescribed amendment

Sub-Ch = Sub-Chapter(s)

cannot be given effect

SubPt = Subpart(s)

mod = modified/modification

underlining = whole or part not

No. = Number(s)

commenced or to be commenced

 

Endnote 3--Legislation history

 

Act

Number and year

Assent

Commencement

Application, saving and transitional provisions

Treasury Laws Amendment (Putting Consumers First--Establishment of the Australian Financial Complaints Authority) Act 2018

13, 2018

5 Mar 2018

Sch 1 and 2: 6 Mar 2018 (s 2(1) items 2-7)
Sch 3: 5 Mar 2022 (s 2(1) item 8)
Remainder: 5 Mar 2018 (s 2(1) item 1)

 

Treasury Laws Amendment (2022 Measures No. 1) Act 2022

35, 2022

9 Aug 2022

Sch 2: 10 Aug 2022 (s 2(1) item 3)

--

 

Endnote 4--Amendment history

 

Provision affected

How affected

Schedule 3

 

Part 3

 

Part 3 heading.............

am No 35, 2022

item 33..................

ad No 35, 2022

item 34..................

ad No 35, 2022

item 35..................

ad No 35, 2022

 


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