Legislation update 9 June 2020

Commonwealth Parliament will resume on 10 June for a two week sitting from 10-12 June and 15-18 June.

The House of Representatives is scheduled to consider:

  • Payment Times Reporting Bill 2020 which would establish a payment times reporting scheme whereby large businesses (total income exceeding $100 million for the most recent income year) and large government enterprises will be required to publicly report on their payment terms and practices for their small business suppliers.
  • Australian Prudential Regulation Authority Amendment Bill (APRA Industry Funding Package). Background.

The Senate is scheduled to consider:

  • Commonwealth Registers Bill Package. Background (director identification numbers).
  • Treasury Laws Amendment (2019 Measures No. 3) Bill 2019 to extend the time for financial advisers to meet FASEA exam and degree requirements. Background.

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David Jacobson

Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.

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