Commonwealth Bank Amendment Act 2023
GPTKB entity
Properties (51)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
legislation
|
| gptkbp:amends |
gptkb:Commonwealth_Bank_Act_1959
regulatory amendment |
| gptkbp:consequences |
fines
revocation of licenses suspension of licenses |
| gptkbp:effectiveDate |
2023-07-01
|
| gptkbp:enactedBy |
gptkb:Parliament_of_Australia
|
| gptkbp:hasMember |
annual reports
quarterly updates |
| https://www.w3.org/2000/01/rdf-schema#label |
Commonwealth Bank Amendment Act 2023
|
| gptkbp:impact |
gptkb:Commonwealth_Bank_of_Australia
conducted banking sector published |
| gptkbp:includesProvisionsFor |
accountability
risk management transparency consumer protection corporate governance |
| gptkbp:introduced |
Minister for Finance
|
| gptkbp:judgingCriteria |
5 years
|
| gptkbp:legislation |
2023-2024
assented in 2023 introduced in 2023 passed in 2023 |
| gptkbp:market_segment |
15
|
| gptkbp:notableEvent |
gptkb:National_Consumer_Credit_Protection_Act_2009
gptkb:Australian_Securities_and_Investments_Commission_Act_2001 Privacy Act 1988 Banking Act 1959 Anti-Money Laundering and Counter-Terrorism Financing Act 2006 Corporations Act 2001 Financial Sector (Collection of Data) Act 2001 Competition and Consumer Act 2010 Consumer Data Right Act 2019 Financial Accountability Regime Act 2021 |
| gptkbp:provides |
gptkb:Australian_Securities_and_Investments_Commission
gptkb:Australian_Prudential_Regulation_Authority |
| gptkbp:publicAccess |
yes
|
| gptkbp:purpose |
to enhance regulatory framework
|
| gptkbp:relatedTo |
financial services regulation
|
| gptkbp:resources |
3 months
|
| gptkbp:reviews |
independent review
government review |
| gptkbp:stakeholders |
financial institutions
industry experts regulatory bodies consumer advocacy groups |
| gptkbp:timePeriod |
immediate
|
| gptkbp:yearEstablished |
2023-06-30
|