Bill returned from the Senate with an amendment.

Ordered that the requested amendment be considered immediately.

Senate’s requested amendment—

(1)

Page 3 (after line 2), at the end of the bill, add:

7 Public Register of Government Borrowings

        (1)    The Australian Office of Financial Management must establish and update each month a register to be known as the Public Register of Government Borrowings.

        (2)    The register is to be maintained by electronic means.

        (3)    The register is to be made available for inspection on the Australian Office of Financial Management’s website.

        (4)    The register must be in a form prescribed by the regulations and must record the beneficial ownership, by country, of:

             (a)    all securities on issue by the Commonwealth of Australia; and

             (b)    any Commonwealth of Australia guaranteed issuance by any Australian State or Territory.

        (5)    As soon as practicable after the end of each quarter the Australian Office of Financial Management must publish on its website the register containing the details that were current as at the end of the quarter.

        (6)    The Australian Office of Financial Management must include in the register each quarter a statement of the Office’s opinion as to the domicile of the beneficial owner of securities if nominal ownership is registered in a country other than the actual domicile of the beneficial owner.

        (7)    In this section:

quarter means a period of 3 months beginning on 1 January, 1 April, 1 July or 1 October.

8 Regulations

                 The Governor-General may make regulations prescribing matters:

required or permitted by this Act to be prescribed; or

necessary or convenient to be prescribed for carrying out or giving effect to this Act.

See this item in context