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Last updated Tuesday 19 March, 2024 7:59 AM


Today's Events

Senate Additional Estimates.
Reserve Bank of Australia (RBA): Monetary Policy Decision Statement.
Reserve Bank of Australia (RBA): Media Conference.
Reserve Bank of Australia (RBA): Reserve Bank Board Meeting - Monetary Policy Decision.
Federal Leader of the Australian Greens, Adam Bandt, Federal Greens portfolio holder for Environment and Water, Sarah Hanson-Young, Federal Greens portfolio holder for First Nations, Dorinda Cox, Federal Member for Warringah, Zali Steggall, Federal Member for Goldstein, Zoe Daniel, and Senator for the ACT, David Pocock, to hold a press conference.
Senator for Queensland, Larissa Waters, Senator for the ACT, David Pocock, and Federal Member for Curtin, Kate Chaney, to hold a press conference.
Senate: Environment and Communications References Committee inquiry into Australian Antarctic Division funding.

See our Diary and Calendar pages for more detailed information.

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Top Headlines

Buy Now, Pay Later - Release of exposure draft legislation

The Government is opening consultation on draft legislation to regulate Buy Now, Pay Later (BNPL) products in Australia. The government is committed to a financial system that leads to good consumer outcomes with appropriate safeguards in place. The emergence of BNPL products has created new opportunities in the Australian economy. The Australian Finance Industry Association has estimated that BNPL adds as much as $18.4 billion to GDP and supports more than 120,000 jobs. At the same time, BNPL isn't subject to the regulatory framework that applies to other credit products, said Assistant Treasurer and Minister for Financial Services Stephen Jones.
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FCA calls for in-program gambling ads to be pulled from Survivor Australia

'Financial Counselling Australia (FCA) has made two formal complaints about the practise of integrated gambling advertisements in a popular family TV series. The gambling ads came from The Lott and promoted a product called 'Set for Life'. They were aired during Survivor Australia on Network Ten on Sunday 25th February at 7.30pm. 'This is completely inappropriate,' said Lauren Levin, The Director of Policy and Campaigns at FCA. 'It was shown at a time when children would be watching. 'Set for Life' is exposing children to a gambling product and we know gambling can be very harmful.'
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New appointments to Climate Change Authority

The Federal Government has appointed Fiona Simson and Richard Bolt as members of the Climate Change Authority (CCA) and re-appointed existing Chief Executive Officer Brad Archer. The Federal Government reinvigorated the CCA through its landmark Climate Change Act 2022, after a decade of climate policy inaction. Mrs Simson has been and is an important voice with a wealth of experience in the agricultural sector, having recently stepped down as Chair of the National Farmers' Federation after serving as its first female president. Minister for Climate Change and Energy Chris Bowen congratulated the new CCA members.
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Annual Superannuation Performance Test - Design Options - Treasury

The Annual Superannuation Performance Test (the test) was introduced as one of four Your Future, Your Super measures. It was introduced to protect Australians' retirement savings by holding trustees to account for the investment performance they deliver and the fees they charge to members. The test has applied to MySuper products since 1 July 2021 and to Trustee-Directed Products (TDPs), a subset of the choice accumulation sector, since 1 July 2023. The test has improved member returns by holding trustees to account for investment performance and encouraging continual improvement or exit of poor performing products.
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ACCC update on Tribunal's decision to authorise ANZ's acquisition of Suncorp

On 20 February 2024, the Australian Competition Tribunal set aside the ACCC's earlier decision on 4 August 2023 not to grant authorisation for ANZ to acquire Suncorp's banking business. The Tribunal has now released the full reasons for its decision. The ACCC does not propose to seek review of the Tribunal’s decision to grant authorisation for ANZ's proposed acquisition of Suncorp's banking business. 'While the ACCC reached a different conclusion to the Tribunal, in complex cases that require the assessment of significant volumes of information and data, different decision makers can reasonably arrive at different conclusions,' ACCC Chair Cass-Gottlieb said.
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Recent Acts

Federal
Act Name Date of Assent Act No.
Migration Amendment (Strengthening Employer Compliance) Act 2024

20/02/24

1

Fair Work Legislation Amendment (Closing Loopholes No. 2) Act 2024

26/02/24

2

Treasury Laws Amendment (Cost of Living Tax Cuts) Act 2024

05/03/24

3

Treasury Laws Amendment (Cost of Living - Medicare Levy) Act 2024

05/03/24

4

Crimes Legislation Amendment (Combatting Foreign Bribery) Act 2024

08/03/24

5

Passenger Movement Charge Amendment Act 2024

08/03/24

6

See Capital Monitor's Federal Bills Monitor and Acts Assented pages for detailed coverage.

Australian Capital Territory

Act Name Date of Notification Act No.
Gaming Machine Amendment Act 2024

19/02/24

1

Government Procurement Amendment Act 2024

19/02/24

2

Children and Young People Amendment Act 2024

19/02/24

3

See Capital Monitor's Australian Capital Territory Bills Monitor and Acts Assented pages for detailed coverage.

New South Wales

Act Name Date of Assent Act No.
Constitution Amendment (Executive Council) Act 2024 19/02/2024 1
Centennial Park and Moore Park Trust Amendment (Public Transport) Act 2024 19/02/2024 2
Crime and Criminal Procedure Legislation Amendment Act 2024 19/02/2024 3
Customer Service Legislation Amendment Act 2024 19/02/2024 4
Detention Legislation Amendment (Prohibition on Spit Hoods) Act 2024 19/02/2024 5
High Risk Offenders Legislation Amendment Act 2024 19/02/2024 6
Institutions Legislation Amendment Act 2024 19/02/2024 7
Sheriff and Court Security Amendment Act 2024 19/02/2024 8

See Capital Monitor's New South Wales Bills Monitor and Acts Assented pages for detailed coverage.

Northern Territory

Act Name Date of Assent Act No.
Building Legislation Amendment Act 2024

01/03/24

1

Local Government and Place Names Amendment Act 2024

01/03/24

2

Housing and Related Legislation Amendment Act 2024

14/03/24

3

Justice and Other Legislation Amendment Act 2024

14/03/24

4

Fire and Emergency Legislation Amendment Act 2024

14/03/24

5

See Capital Monitor's Northern Territory Bills Monitor and Acts Assented pages for detailed coverage.

Queensland

Act Name Date of Assent Act No.
Summary Offences (Prevention of Knife Crime) and Other Legislation Amendment Act 2024

19/02/24

1

Transport and Other Legislation Amendment Act 2024

19/02/24

2

Integrity and Other Legislation Amendment Act 2024

19/02/24

3

See Capital Monitor's Queensland Bills Monitor and Acts Assented pages for detailed coverage.

South Australia

Act Name Date of Assent Act No.
Electoral (Control of Corflutes) Amendment Act 2024

15/02/24

1

Statutes Amendment (Industrial Relations Portfolio) Act 2024

29/02/24

2

Criminal Law (High Risk Offenders) (Additional High Risk Offenders) Amendment Act 2024

29/02/24

3

Botanic Gardens and State Herbarium (Miscellaneous) Amendment Act 2024

29/02/24

4

State Assets (Privatisation Restrictions) Act 2024

29/02/24

5

See Capital Monitor's South Australian Bills Monitor and Acts Assented pages for detailed coverage.

Tasmania

Act Name Date of Assent Act No.
     

See Capital Monitor's Tasmanian Bills Monitor and Acts Assented pages for detailed coverage.

Victoria

Act Name Date of Assent Act No.
Biosecurity Legislation Amendment (Incident Response) Act 2024

13/02/24

1

Justice Legislation Amendment (Police and Other Matters) Act 2024

20/02/24

2

Land (Revocation of Reservations) Act 2024

20/02/24

3

Building Legislation Amendment (Domestic Building Insurance New Offences) Act 2024

27/02/24

4

Service Victoria Amendment Act 2024

27/02/24

5

Regulatory Legislation Amendment (Reform) Act 2024

05/03/24

6

Education and Training Reform Amendment (Early Childhood Employment Powers) Act 2024

13/03/24

7

Workplace Injury Rehabilitation and Compensation Amendment (WorkCover Scheme Modernisation) Act 2024

13/03/24

8

See Capital Monitor's Victorian Bills Monitor and Acts Assented pages for detailed coverage.

Western Australia

Act Name Date of Assent Act No.
Electricity Industry Amendment (Distributed Energy Resources) Act 2024

07/03/24

1

Perth Parking Management Act 2024

07/03/24

2

Perth Parking Management Amendment Act 2024

07/03/24

3

Casino (Burswood Island) Agreement Amendment Act 2024

14/03/24

4

Corruption, Crime and Misconduct Amendment Act 2024

14/03/24

5

See Capital Monitor's Western Australian Bills Monitor and Acts Assented pages for detailed coverage.

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Political Calendar

Federal

Federal Parliament will next sit from 18 - 21, and 25 - 28 March 2024.
The 2024-25 Federal Budget will be handed down on Tuesday, 14 May.
Additional Budget Estimates were held Monday 12 Feb - Friday 16 Feb. Additional dates: 27 Feb, 18, 19 & 27 March.
Budget Estimates are on 28 May - 7 June.
Supplementary Budget Estimates are on 4 - 8 Nov.
The last Federal Election was on 21 May 2022.
Federal Administrative Arrangements Orders were most recently made on 16 August 2023.

Australian Capital Territory

The Australian Capital Territory Parliament will next sit from 19 - 21 March 2024.
The 2024-25 Territory Budget will be handed down on Tuesday 25 June.
Budget Estimates are on 22 July - 5 August.
The next ACT election is scheduled for Saturday 19 October 2024.
ACT Administrative Arrangements Orders were most recently made on 11 December 2023.

New South Wales

NSW Parliament will next sit 12 - 14, and 19 - 21 March 2024.
The 2024-25 State Budget will be handed down in June 2024.
2024 Supplementary Budget Estimates are on 20 Feb - 7 March.
Budget Estimates are on Tuesday 27 August - Wednesday 11 September.
The last NSW Election was on 25 March 2023.
New South Wales Administrative Arrangements Orders were most recently made on 05 April 2023.

Northern Territory

The Northern Territory Parliament will next sit from 12 - 14, and 19 - 21 March 2024.
The 2024-25 Territory Budget is scheduled to be handed down on Tuesday, 14 May.
Budget Estimates are on 11-20 June.
The next Northern Territory Election is scheduled for Saturday 24 August 2024.
Northern Territory Administrative Arrangements Orders were most recently made on 01 February 2024.

Queensland

The Queensland Parliament will next sit 19 - 21 March 2024.
The 2024-25 State Budget will be handed down on Tuesday, 11 June.
Budget Estimates are on 23 July-1 August.
The next Queensland Election is scheduled for Saturday 26 October 2024.
Queensland Administrative Arrangements Orders were most recently made on 18 December 2023.

South Australia

The South Australian Parliament will next sit from 19 - 21 March 2024.
The 2024-25 State Budget will be handed down on Thursday, 6 June.
Budget Estimates are on 20-26 June.
The last South Australian Election was on 19 March 2022.
South Australian Administrative Arrangements Orders were most recently made on 29 September 2022.

Tasmania

The Tasmanian General Election will be held on Satruday 23 March.
The Tasmanian Parliament was prorogued on 14 February 2024.
All legislation in the prorogued Parliament is now lapsed.
The 2024-25 State Budget will be handed down TBC.
Budget Estimates will be held at TBC
The last Tasmanian Election was held on Saturday 1 May 2021.
Tasmanian Administrative Arrangements Orders were most recently made on 25 July 2023.

Victoria

The Victorian Parliament will next sit on 19 - 21 March 2024.
The 2024-25 State Budget will be handed down on 7 May 2024.
Budget Estimates are in June TBC.
The last Victorian election was held on 26 November 2022.
Victorian Administrative Arrangements Orders were most recently made on 02 October 2023 with supplementary Orders made on 12 December 2023.

Western Australia

The Western Australian Parliament will next sit on 12 - 14, and 19-21 March 2024.
The 2024-25 State Budget will be handed down in early May.
Budget Estimates are on 21-23 May.
The next Western Australian election is scheduled for 8 March 2025.
Western Australian Administrative Arrangements Orders were most recently made on 08 June 2023.

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