David Bradbury (Lindsay, Australian Labor Party, Assistant Treasurer ) Share this | Hansard source

I present a supplementary explanatory memorandum to the bill. By leave—I move government amendments (1) to (3) as circulated together:

(1) Schedule 1, item 3, page 3 (line 24), at the end of the definition of depository nominee, add:

; or (c) has a beneficial interest in.

(2) Schedule 1, page 4 (after line 30), after item 7, insert:

7A At the end of Part II

  Add:

13C Arrangements etc. relating to stock and depository interests

  On behalf of the Commonwealth, the Treasurer may enter into, vary, administer or otherwise give effect to a contract, agreement or arrangement relating, directly or indirectly, to one or more of the following:

(a) the issue, management or transfer of stock or depository interests;

(b) the trading of stock or depository interests on a financial market;

(c) services relating to one or more of the following:

  (i) a registry that relates to stock or depository interests;

  (ii) a clearing and settlement facility;

  (iii) depository nominees.

(3) Schedule 2, item 2, page 13 (line 8), after "3A,", insert "13C,".

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