Regulatory Reform Omnibus Bill 2026
Senator GALLAGHER (Australian Capital Territory—Minister for Finance, Minister for the Public Service, Minister for Women, Minister for Government Services and Manager of Government Business in the Senate) (13:18): Potentially. That hasn't been finalised yet. In the event that it's finalised and able to have a determination issued and this amendment gets up and five days is settled on and that disallowance period elapses prior to the end of the year, then the answer is yes.
If some of those are not agreed to, then that would change my answer. I seek leave to move amendments (1) and (2) on sheet CH124 revised together. Leave granted.
Senator GALLAGHER: I move the amendments: (1) Clause 2, page 3 (table item 15, column 1), omit "Parts 2 to 4", substitute "Parts 2 to 5". (2) Schedule 4, page 52 (after line 7), at the end of the Schedule, add: Part 5 — Aligning timing of CSLR levy determinations Corporations Act 2001 10 At the end of section 1069H Add: Disallowance (7) The Legislation Act 2003 applies to a determination under subsection (2) of this section as if references in sections 42 and 47 of that Act to 15 sitting days were instead references to 5 sitting days.
When determination takes effect (8) If neither House of Parliament passes a resolution disallowing the determination or a provision of the determination, the determination takes effect: (a) on the day immediately after the last day upon which such a resolution could have been passed; or (b) if a later day is specified in the determination—on that later day. (9) If either House of Parliament passes a resolution disallowing a provision of the determination, the remaining provisions of the determination take effect: (a) on the day immediately after the last day upon which a resolution disallowing the determination or a provision of the determination could have been passed; or (b) if a later day is specified in the determination—on that later day.
(10) If either House of Parliament passes a resolution disallowing the determination, the determination does not take effect. Sunset provision (11) Subsection (7) ceases to have effect at the end of 6 months after its commencement. 11 Application provision The amendment of section 1069H of the Corporations Act 2001 made by this Part applies in relation to a determination made under that section on or after the commencement of this item.
The TEMPORARY CHAIR ( Senator Sterle ): The question is that government amendments (1) and (2) on sheet CH124 revised, moved by leave together, be agreed to. Question agreed to.