Senate debates

Wednesday, 24 February 2010

Notices

Presentation

Senator Joyce and Senator Colbeck to move on 9 March 2010:

That the following bill be introduced: A Bill for an Act to ensure equivalence to Australian production standards in the importation of bovine meat and meat products, and for related purposes. Food Importation (Bovine Meat Standards) Bill 2010.

Senator Ludlam to move on the next day of sitting:

That there be laid on the table by the Minister representing the Minister for Resources and Energy, no later than 4 pm on 11 March 2010:
(a)
all reports submitted to the Federal Government by Parsons Brinkerhoff assessing and characterising proposed sites for a Commonwealth radioactive waste dump in the Northern Territory, including the final report submitted to the department on 18 March 2009, the CH2M HILL’s peer review and the Parsons Brinkerhoff’s response to that peer review;
(b)
the anthropological report prepared by consultants, Mr Kim Barber, Mr Robert Graham and Dr Brendan Corrigan, for the Northern Land Council (NLC) and provided to the then Minister for Education, Science and Training (Ms Bishop) in 2007; and
(c)
the June 2007 site nomination deed signed between the Commonwealth, the NLC and the Muckaty Land Trust, agreeing to a process for the site nomination and a schedule of payments totalling $11 million in a charitable trust plus $1 million in education scholarships.

Senator Coonan to move on the next day of sitting:

That—
(1)
The following matter be referred to the Standing Committee for the Scrutiny of Bills for inquiry and report by 12 May 2010:
The future direction and role of the Scrutiny of Bills Committee, with particular reference to:
(a)
whether its powers, processes and terms of reference remain appropriate;
(b)
whether parliamentary mechanisms for the scrutiny and control of delegated legislation are optimal; and
(c)
what, if any, additional role the committee should undertake in relation to human rights obligations applying to the Commonwealth.
(2)
In undertaking this inquiry, the committee should have regard to the role, powers and practices of similar committees in other jurisdictions.
(3)
The committee be authorised to hold public hearings in relation to this inquiry.

Senator Nash to move on the next day of sitting:

That the Rural and Regional Affairs and Transport References Committee be authorised to hold a public meeting during the sitting of the Senate on Thursday, 25 February 2010, from 5 pm, to take evidence for the committee’s inquiry into import restrictions on beef.

Senator Fielding to move on the next day of sitting, contingent on the Social Security and Other Legislation Amendment (Income Support for Students) Bill 2009 [No. 2] being read a second time) :

That it be an instruction to the committee of the whole:
(a)
to divide the Social Security and Other Legislation Amendment (Income Support for Students) Bill 2009 [No. 2] to incorporate the following provisions in a separate bill:
(i)
Schedule 1, Part 2 (Income tests),
(ii)
Schedule 2 (Scholarship payments for students), and
(iii)
Schedule 3 (Training supplement for parenting payment); and
(b)
to add to that bill enacting words, provisions for titles and commencement, and a provision giving effect to amending schedules.

Senator Conroy to move on the next day of sitting:

That the following bill be introduced: A Bill for an Act to ensure equivalence to Australian production standards in the importation of bovine meat and meat products, and for related purposes. Food Importation (Bovine Meat Standards) Bill 2010.

Senator Bob Brown to move on the next day of sitting:

That, with regard to the comments made by the Leader of the Opposition (Mr Abbott) on industrial manslaughter, the Senate accepts the need for strong national industrial manslaughter laws.

3:40 pm

Photo of Joe LudwigJoe Ludwig (Queensland, Australian Labor Party, Manager of Government Business in the Senate) Share this | | Hansard source

I give notice that, on the next day of sitting, I shall move:

          That the provisions of paragraph (5) to (8) of standing order 111 not apply to the Corporations Amendment (Financial Market Supervision) Bill 2010, Corporations (Fees) Amendment Bill 2010 and the National Consumer Credit Protection Amendment Bill 2010, allowing them to be considered during this period of sittings.

I also table a statement of reasons justifying the need for this bill to be considered during these sittings and seek leave to have the statement incorporated in Hansard.

       Leave granted.

       The statement read as follows—

Purpose of the Bills

The Corporations Amendment (Financial Market Supervision) Bill (the bill) establishes the framework to provide for the Australian Securities and Investments Commission (ASIC) to assume responsibility for supervision of Australia’s domestically licensed financial markets, in line with the Government’s announcement on 24 August 2009.

The bill also provides for ASIC to set rules regarding supervision of transactions on Australia’s financial markets and provides ASIC with the powers necessary to enforce such rules.

The Corporations (Fees) Amendment Bill will allow ASIC to recover the costs of supervision from market operators. 

Reasons for Urgency

ASIC is to take over the responsibility for the supervision of Australia’s financial markets from the third quarter 2010.

In order for this to occur, introduction and passage of the bill in the 2010 Autumn sittings is essential.

ASIC will require approximately three months lead time once the legislation is passed to customise the supervisory systems and ensure they are operational before it assumes sole supervisory responsibility.