Corporations (Consequential Amendments) Bill (No.3) 2001
Legislation Committee (2001 - 2005)· 20 March 2002general_report
The WA Legislation Committee reviewed the Corporations (Consequential Amendments) Bill (No. 3) 2001, which amends WA laws to align with Commonwealth financial services reforms. The committee raised concerns about the Bill's retrospective nature and delegated legislative power to the executive. It recommended amendments to limit retrospective operation of regulations.
Impact
Financial service providers, corporations, and individuals dealing with financial products in WA are affected. The amendments aim to maintain the meaning of state laws in light of Commonwealth changes.
financepublic_sectorCorporations ActFinancial Services Reformretrospective legislationHenry VIII clausesdelegated legislationfinancial marketsstatutory rulesWA legislationparliamentary committeeconsequential amendments
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