Contents

1............ Short title............................................................................................. 2

2............ Commencement................................................................................... 2

3............ Schedules............................................................................................ 2

Schedule 1--Amendments                                                                                                3

Part 1--Payment systems and netting                                                                  3

Payment Systems and Netting Act 1998                                                                  3

Part 2--Other amendments                                                                                      24

Banking Act 1959                                                                                                      24

Financial Sector (Business Transfer and Group Restructure) Act 1999        24

Insurance Act 1973                                                                                                   26

Life Insurance Act 1995                                                                                           26

Private Health Insurance (Prudential Supervision) Act 2015                          27

Part 3--Application                                                                                                     28

 

 

 

Financial System Legislation Amendment (Resilience and Collateral Protection) Act 2016

No. 43, 2016

 

An Act to amend the law in relation to payment systems and netting and other aspects of the financial sector, and for related purposes

[Assented to 4 May 2016]

The Parliament of Australia enacts:

[Minister's second reading speech made in--

House of Representatives on 16 March 2016

Senate on 3 May 2016]