Kelly O'Dwyer (Higgins, Liberal Party, Minister for Revenue and Financial Services) Share this | Link to this | Hansard source

I move:

That this bill be now read a second time.

This bill helps implement the Asia Region Funds Passport framework which the government committed to by signing the international memorandum of cooperation in April 2016.

This bill makes minor consequential amendments to the Corporations (Review Fees) Act 2003 (review fees act) stemming from the Corporations Amendment (Asia Region Funds Passport) Bill 2018 (passport bill). It updates the definition of 'review date' to be consistent with the passport bill and includes notified foreign passport funds in the list of entities required to pay review fees.

Full details of the measure are contained in the explanatory memorandum.

Debate adjourned.