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TOTAL RESULTS: 543

  • Date
    16 Sep 2015 
    Chamber
    House of Representatives 
    Status
    Not Proceeding 
    Portfolio
    Treasury 
    Summary
    Amends the
    Superannuation Industry (Supervision) Act 1993
    to require trustees of registrable superannuation entity licensees to have a minimum of one-third independent directors and an independent chair on their boards; and make consequential amendments; and the
    Governance of Australian Government Superannuation Schemes Act 2011
    to restructure the board of the Commonwealth Superannuation Corporation by reducing the number of directors from eleven to nine and providing for the majority of the directors to be independent. 

    Bill | Explanatory Memorandum

  • Date
    29 Mar 2006 
    Chamber
    Senate 
    Status
    Act 
    Portfolio
    Finance and Administration 
    Summary
    Following government endorsement of the recommendations of the Review of the Corporate Governance of Statutory Authorities and Office Holders (the Uhrig Review), the bill amends the
    Superannuation Act 1976
    ,
    Superannuation Act 1990
    ,
    Superannuation Act 2005
    and the proposed
    Superannuation Legislation Amendment (Superannuation Safety and Other Measures) Act 2006
    to consolidate in one entity (the Australian Reward Investment Alliance), and revise, the governance arrangements for the Commonwealth Superannuation Scheme, the Public Sector Superannuation Scheme and the Public Sector Superannuation Accumulation Plan, with effect from 1 July 2006. Also amends the
    Superannuation Act 1976
    to correct misdirected amendments made by the
    Superannuation Legislation (Commonwealth Employment) Repeal and Amendment Act (No. 1) 2003

    Bill | Explanatory Memorandum

  • Date
    13 Mar 2008 
    Chamber
    Senate 
    Status
    Act 
    Portfolio
    Finance and Deregulation 
    Summary
    Amends: 29 Acts to reflect the introduction of the Public Sector Superannuation Accumulation Plan (PSSAP) and establishment of the Australian Reward Investment Alliance to administer the Commonwealth Superannuation and Public Sector Superannuation Schemes and PSSAP; five superannuation Acts to reflect the new regime for legislative instruments under the
    Legislative Instruments Act 2003
    ; and the
    Superannuation Act 1976
    and
    Superannuation (Productivity Benefit) Act 1988
    to meet a change to the superannuation guarantee requiring employers to use ordinary time earnings as the earnings base for employees. Also repeals the Schedule to the
    Superannuation Act 1990

    Bill | Explanatory Memorandum

  • Date
    28 Feb 2007 
    Chamber
    House of Representatives 
    Status
    Not Proceeding 
    Portfolio
    Finance and Administration 
    Summary
    Amends 34 Acts consequential on: introduction of the Public Sector Superannuation Accumulation Plan (PSSAP); establishment of a single Superannuation Board to administer the Commonwealth Superannuation (CSS) and Public Sector Superannuation Schemes and PSSAP; a new regime for managing legislative instruments; legislative changes to the earnings base for the Superannuation Guarantee effective from 1 July 2008; and removes the requirement to gazette CSS interest determinations. 

    Bill | Explanatory Memorandum

  • Date
    17 Mar 2016 
    Chamber
    House of Representatives 
    Status
    Not Proceeding 
    Portfolio
    Treasury 
    Summary
    Amends the
    Corporations Act 2001
    to: require trustees of regulated superannuation funds with five or more members to publish a choice product dashboard for each of their fund’s ten largest choice investment options; exempt pooled superannuation trusts and eligible rollover funds from the product dashboard requirements; implement the existing portfolio holdings disclosure obligations; and require that funds publish, for each of their investment options, information about the nature and value of financial products or other property that the fund or associated entity of the fund, has directly invested in. 

    Bill | Explanatory Memorandum

  • Date
    04 Sep 2025 
    Chamber
    Senate 
    Status
    Before Senate 
    Sponsor
    HUME, Sen Jane 
    Summary
    Amends the
    Superannuation Industry (Supervision) Act 1993
    ,
    Superannuation Industry (Supervision) Regulations 1994
    and
    Income Tax Assessment Act 1997
    to enable spouses to split their collective superannuation balances between them on an ongoing annual basis. 

    Bill | Explanatory Memorandum

  • Date
    23 Jun 2005 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Finance and Administration 
    Summary
    Amends the
    Superannuation Act 1976
    ,
    Superannuation Act 1990
    and
    Superannuation Act 2005
    to: provide for the application to the Commonwealth Superannuation Scheme (CSS) Board of the new fitness and propriety operating standard under the
    Superannuation Industry (Supervision) Act 1993
    ; reduce the reliance on acting members of the CSS Board, and for the use of proxies at Board meetings; allow the CSS and Public Sector Superannuation Scheme (PSS) Boards to delegate certain functions to their staff; and broaden the type of information that can be provided to members via their employers; and
    Superannuation Act 1976
    to: allow negative crediting rates to be applied to CSS member accounts; validate the payment of incorrect benefits to certain members of the CSS; and allow for debt recovery by set-off against benefits payable. 

    Bill | Explanatory Memorandum

  • Date
    24 May 2012 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Introduced with the Superannuation Supervisory Levy Imposition Amendment Bill 2012, the bill amends the:
    Retirement Savings Accounts Act 1997
    and
    Superannuation Industry (Supervision) Act 1993
    to: establish a framework to implement the superannuation data and payment regulations and standards that will apply to specified superannuation transactions undertaken by superannuation entities, retirement savings account providers and employers; and make consequential amendments;
    Taxation Administration Act 1953
    to provide for an administrative penalty framework for non-compliance with the superannuation data and payment regulations and standards; and
    Australian Prudential Regulation Authority Act 1998
    to: enable costs associated with the SuperStream measures to be included in the minister’s determination specifying the amount of levy payable to the Commonwealth; enable the minister to make a determination that specifies the proportion of levy money paid to the Australian Prudential Regulation Authority (APRA) that is to be credited to the APRA Special Account; and insert a definition of the measures covered by SuperStream. 

    Bill | Explanatory Memorandum

  • Date
    07 Feb 2007 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Further to the simplified superannuation taxation law system introduced by the Tax Laws Amendment (Simplified Superannuation) Bill 2006 and five related bills, and as part of a package of five further bills, the bill makes: consequential and other amendments in relation to superannuation taxation to 26 Acts, including the repeal of the old superannuation taxation law (such as reasonable benefits limits and taxation of eligible termination payments) in the
    Income Tax Assessment Act 1936
    . Also repeals the
    Income Tax (Superannuation Payments Withholding Tax) Act 2002

    Bill | Explanatory Memorandum

  • Date
    29 Nov 2012 
    Chamber
    House of Representatives 
    Status
    Act 
    Portfolio
    Treasury 
    Summary
    Amends the:
    Corporations Act 2001
    to require registrable superannuation entity licensees that are also responsible entities of registered managed investment schemes to comply with requirements on adequate resources and risk management systems;
    Superannuation Industry (Supervision) Act 1993
    to: over-ride any provision in the governing rules of a registrable superannuation entity that requires the trustee to use a specified service provider, investment entity or financial product; enable the Australian Prudential Regulation Authority to issue infringement notices for a broader range of breaches of the Act; require superannuation trustees to provide eligible persons, generally on request, with the reasons for decisions made in relation to a complaint; require persons seeking to take legal action against a director for a breach of their duties to first seek leave from the court; extend the availability of certain legal defences to directors and trustees; remove restrictions on director voting; clarify the definition of ‘superannuation contribution’ to include defined benefits; and make consequential amendments;
    Superannuation (Resolution of Complaints) Act 1993
    to increase the time limits within which beneficiaries can lodge complaints with the Superannuation Complaints Tribunal regarding total and permanent disability claims;
    First Home Saver Accounts Act 2008
    to make consequential amendments; and
    Superannuation Legislation Amendment (MySuper Core Provisions) Act 2012
    to make technical amendments. 

    Bill | Explanatory Memorandum