The Banking and Finance Point-in-Time Service has been updated to include the Proceeds of Crime Amendment (Proceeds and Other Matters) Act 2018 (Act 21 of 2018), the Intelligence Services Amendment (Establishment of the Australian Signals Directorate) Act 2018 (Act 25 of 2018), the National Consumer Credit Protection Amendment (Credit Cards) Regulations 2018 and the Treasury Laws Amendment (Putting Consumers First - Establishment of the Australian Financial Complaints Authority) Regulations 2018.
The Act contains a range of measures to:
The Act implements the recommendations of the 2017 Independent Intelligence Review to establish the Australian Signals Directorate (ASD) as an independent statutory agency within the Defence portfolio reporting directly to the Minister for Defence, as endorsed by Government. The Act also includes a number of other related amendments following the establishment of ASD.
These regulations make consequential changes to the National Consumer Credit Protection Regulations 2010 to support the Government’s reforms to the National Consumer Credit Protection Act 2009 to improve consumer outcomes under credit card contracts.
This instrument makes consequential amendments to seven regulations as a result of the Treasury Laws Amendment (Putting Consumers First—Establishment of the Australian Financial Complaints Authority) Act 2018.
The amendments made by these Acts, and the new Regulations, have been updated in the Point-in-Time Banking and Finance Service current to 2 May 2018. (NB: Subscription required).
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