22.06.2023
The Australian Law Reform Commission report, Financial Services Legislation: Interim Report C (Report 140, 2023), was tabled in Parliament by the Attorney-General of Australia, the Hon Mark Dreyfus KC MP on 22 June 2023.
Interim Report C contains recommendations, proposals, and questions in relation to the reform of corporations and financial services legislation. The recommendations in Interim Report B relate to technical improvements that would simplify corporations and financial services legislation. The recommendations are in a form that may be implemented prior to the conclusion of the Inquiry, if accepted by the Australian Government.
In respect of the proposals and questions, the ALRC is seeking written submissions from stakeholders. Submissions, together with further consultations, surveys, workshops, and seminars, will form part of the evidence base for a further Interim Report and the Final Report.
Submissions close 26 July 2023.
Download the Summary Report.
Download Interim Report C.
Hard copy versions of the report are also available to purchase.
Download additional resources:
- Selection of OPC Drafting Rules: Note summarising a range of drafting rules and conventions adopted by the Office of Parliamentary Counsel (Cth).
- Illustrative FSL Schedule: This Appendix, also published as Appendix D to Interim Report C, illustrates how the financial services-related aspects of Chapter 7 of the Corporations Act and the entirety of Part 2 Div 2 of the ASIC Act may be restructured within Sch 1 to the Corporations Act (the FSL Schedule), as contemplated by Proposals C9 and C10 of Interim Report C.
Further resources are available as part of the ALRC’s data analysis for the Review of the Legislative Framework for Corporations and Financial Services Regulation.
Read the summary article: |