Bernie Ripoll (Oxley, Australian Labor Party, Parliamentary Secretary to the Treasurer) Share this | Link to this | Hansard source

I present a supplementary explanatory memorandum to the bill and ask leave of the House to move government amendments (1) and (2) as circulated together.

Leave granted.

I move government amendments (1) and (2) as circulated together:

(1) Schedule 1, item 32, page 13 (after line 5), at the end of paragraph 901B(3)(a), add:

(iii) if those derivatives are or include commodity derivatives—the likely impact, on any Australian market or markets on which the commodities concerned may be traded, of allowing the derivative transaction rules to impose requirements of that kind in relation to those commodity derivatives; and

(2) Schedule 1, item 32, page 16 (after line 10), at the end of paragraph 901H(a), add:

(iii) if the transactions to which the proposed rule would relate would be or include transactions relating to commodity derivatives—the likely impact of the proposed rule on any Australian market or markets on which the commodities concerned may be traded; and

Question agreed to.

Bill, as amended, agreed to.