Banking and Finance Point-in-Time Service Updates

The Banking and Finance Point-in-Time Service has been updated to include the Services Australia Governance Amendment Act 2020 (Cth) (Act 104 of 2020) and the Family Law Amendment (Western Australia De Facto Superannuation Splitting and Bankruptcy) Act 2020 (Cth) (Act 112 of 2020).

Act 104 of 2020

Schedule 1 makes consequential amendments to legislation as a result of the establishment of Services Australia an Executive Agency under the Public Service Act on 1 February 2020. The new Executive Agency replaced the former Department of State named Services Australia, which was formerly the Department of Human Services. Schedule 2 makes governance changes for Services Australia.

Act 112 of 2020

An Act to give effect to a referral of power from Western Australia to the Commonwealth in respect of superannuation matters in family law proceedings for separating de facto couples in Western Australia.

The Act will also extend federal bankruptcy jurisdiction to the Family Court of Western Australia to hear bankruptcy proceedings concurrently with family law proceedings, where appropriate.

These amendments have been updated in the Point-in-Time Banking and Finance Service current to 13 December 2020. (NB: Subscription required).

If you are not already a subscriber to this or other Point-in-Time Services then please contact us to find out more or to take a free trial.