Legislative timetable: regulatory update November 2018

The Prime Minister has announced that the next Budget will be delivered on 2 April 2019.

The significance of this date is that it is expected that a Commonwealth Government election will be called shortly after.

If this is correct then there are only 6 sitting days left for Parliament this year (28-29 November and 3-6 December 2018) and 2-3 weeks in February and March 2019 before the election.

This leaves the following unfinished business (as well as many other bills and proposals) for this Parliament which now has a minority Government:

Bills not passed

  • Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018;
  • National Consumer Credit Protection Amendment (Mandatory Comprehensive Credit Reporting) Bill 2018;
  • Bankruptcy Amendment (Enterprise Incentives) Bill 2017;
  • Treasury Laws Amendment (Enhancing Whistleblower Protections) Bill 2017;
  • Modern Slavery Bill 2018;
  • Treasury Laws Amendment (2018 Measures No. 4) Bill 2018.

Drafts and consultations

  • Open banking (consumer data right);
  • Unfair insurance contract terms;
  • Small amount credit contracts and consumer lease changes;
  • Mutual entities.

And the response to the Final Report of the Financial Services Royal Commission (due on 1 February 2019).

Print Friendly, PDF & Email

Access our Online Resources

We understand you need a cost-effective way to keep up to date with regulatory changes