Home›Committees›Constitutional Affairs Committee (1989 - 2001)›Report

Report in relation to the Friendly Societies (Western Australia) Bill 1998 and Friendly Societies (Taxing) Bill 1998

Constitutional Affairs Committee (1989 - 2001)· 18 November 1998general_report

The WA Parliamentary Constitutional Affairs Committee reviewed the Friendly Societies (Western Australia) Bill 1998 and Friendly Societies (Taxing) Bill 1998. The majority report recommended passing the bills with comments on selected clauses, while a minority report dissented, questioning the need for the bills given potential Commonwealth regulation. The bills aim to implement national uniform regulation of friendly societies.

Impact

Friendly societies in WA will be affected by the new regulatory framework. Smaller societies may face challenges in complying with disclosure requirements. The public, as members or potential members of friendly societies, will be affected by changes to benefit funds and society operations.

financepublic_sectorfriendly societieslegislationregulationfinancial institutionsbenefit fundsdisclosure documentsWestern Australiauniform schemetaxing billconstitutional affairsAFICWAFIA

Download PDF →Parliament source →More from this committee