Michael Sukkar (Deakin, Liberal Party, Assistant Treasurer) Share this | Link to this | Hansard source

I move:

That this bill be now read a second time.

This bill complements the Australian Prudential Regulation Authority Amendment (APRA Industry Funding) Bill 2020 by ensuring the Treasurer has adequate flexibility to set the levies at a level required for institutions in the life insurance industry to pay their appropriate share. Full details are contained in the explanatory memorandum.

Debate adjourned.