I move:

That this bill be now read a second time.

The Corporations (Fees) Amendment Bill 2007 supports the Corporations Legislation Amendment (Simpler Regulatory System) Bill 2007.

The bill makes a minor amendment to the Corporations (Fees) Act 2001 to allow a fee to be charged in respect of some additional market supervision functions which the main bill will vest in the corporate regulator.

The bill shows that the government recognises the importance of maintaining confidence in financial markets and anticipating the needs of all market participants.

I commend the bill to the House.

Debate (on motion by Ms Livermore) adjourned.