Treasury Laws Amendment (More Flexible Superannuation) Bill 2020

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 to enable individuals aged 65 and 66 to make up to three years of non-concessional superannuation contributions under the bring forward rule.

Progress

House of Representatives
Introduced and read a first time 13 May 2020
Second reading moved 13 May 2020
Second reading debate 25 Aug 2020
Second reading debate 27 Aug 2020
Second reading debate 31 Aug 2020
Second reading agreed to 31 Aug 2020
Third reading agreed to 31 Aug 2020
Senate
Introduced and read a first time 31 Aug 2020
Second reading moved 31 Aug 2020
Second reading debate 16 Jun 2021
Second reading agreed to 17 Jun 2021
Committee of the Whole debate
  • Amendment details: 4 Pauline Hanson's One Nation agreed to
17 Jun 2021
Third reading agreed to 17 Jun 2021
House of Representatives
Consideration of Senate message
  • Details: House agreed to Senate amendments
17 Jun 2021
Finally passed both Houses 17 Jun 2021
Assent
  • Act no: 45
  • Year: 2021
22 Jun 2021

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

Senate

Schedules of amendments

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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