Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
46

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Summary

Amends the: Income Tax Assessment Act 1997 and Superannuation Guarantee (Administration) Act 1992 to provide for a one-off amnesty to encourage employers to self-correct historical superannuation guarantee non compliance; and Superannuation Guarantee (Administration) Act 1992 to limit the Commissioner of Taxation’s ability to remit penalties for historical superannuation guarantee non-compliance, where an employer fails to disclose information relevant to their historical superannuation guarantee shortfall.

Progress

House of Representatives
Introduced and read a first time 18 Sep 2019
Second reading moved 18 Sep 2019
Second reading debate 27 Nov 2019
Second reading debate 28 Nov 2019
Second reading agreed to 28 Nov 2019
Third reading agreed to 28 Nov 2019
Senate
Introduced and read a first time 02 Dec 2019
Second reading moved 02 Dec 2019
Second reading debate 11 Feb 2020
Second reading debate 13 Feb 2020
Second reading debate 24 Feb 2020
Second reading agreed to 24 Feb 2020
Committee of the Whole debate 24 Feb 2020
Third reading agreed to 24 Feb 2020
Finally passed both Houses 24 Feb 2020
Assent
  • Act no: 21
  • Year: 2020
06 Mar 2020

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

Senate

Schedules of amendments

No documents at present

Bills digest

Notes

Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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