The Commonwealth Government Securities Legislation Amendment (Retail Trading) Bill 2012 has been assented to with the Act
commencing on 21 November 2012.
The Act amends the Commonwealth Inscribed Stock Act 1911 to facilitate trading of beneficial interests in Commonwealth Government Securities on financial markets in Australia that
are accessible to retail investors.
The Act also contains amendments to the Corporations Act 2001 requiring financial advisers to provide a prescribed information statement to retail clients when they give them personal
advice about investing in Commonwealth Government Securities.