Banking Amendment (Deposits) Bill 2020

Date of Bill
27 February, 2020
Last Amendment
30 November, 2020
Status
Before Senate

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Type
Private Bill
Sponsor
Senator Malcolm Roberts
Originating House
Senate
Parliament Number
46
Topics
No attached topics

Summary

Amends the Banking Act 1959 to provide that the conversion and write-off provisions do not extend to the bail-in of deposit accounts; and provide that nothing in the Act or other Commonwealth legislation gives the Australian Prudential Regulation Authority the power to implement, authorise or direct the implementation of bail-in of deposit accounts.

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Documents and Links

This bill has no relevant documents or links.