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Superannuation Legislation Amendment (Service Providers and Other Governance Measures) Bill 2012 5 February 2013 © Commonwealth of Australia 2013 ISBN 978-1-74229-746-0

View the report as a single document - (PDF 530KB)

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View the report as separate downloadable parts:

Members of the Committee	(PDF 72KB)
Duties of the Committee	(PDF 34KB)
Abbreviations	(PDF 8KB)
List of recommendations	(PDF 16KB)
Chapter 1 - Introduction	(PDF 80KB)
Conduct of the inquiry Structure of the report Background to the Stronger Super reforms
Chapter 2 - Amendments related to director liability and dispute resolution mechanisms	(PDF 97KB)
Requirement to seek leave of the court for actions for breaches of directors' duties Defences available to trustees and directors Increased time limit for lodging complaints with the Superannuation Complaints Tribunal Reasons for decisions made on a complaint
Chapter 3 - Infringement notices	(PDF 96KB)
Overview of the proposed infringement notice regime Level of detail to be included in the notice Prohibiting indemnification from the assets of the fund Scope of future infringement notice provisions Is APRA the appropriate regulator? APRA's approach to issuing infringement notices Committee view Drafting issues
Chapter 4 - Service providers, the remaining provisions of the bill and the committee's conclusions	(PDF 144KB)
Overriding requirements to use a specified service provider Dual regulated entities Restricting voting prohibitions Other and consequential amendments Evidence from stakeholders on other aspects of the MySuper legislative package Concluding comments
Additional Comments by Coalition Members	(PDF 84KB)
Independent directors Ban on caps for administration fees Views of industry stakeholders Conclusion – current ban on fee caps (remaining from Tranche I Bill)
Appendix 1 - Submissions	(PDF 6KB)
Appendix 2 - Public hearings and witnesses	(PDF 8KB)
Melbourne, 22 January 2013

For further information, contact:

Committee Secretary
Parliamentary Joint Committee on Corporations and Financial Services
PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Phone:	+61 2 6277 3583
Fax:	+61 2 6277 5719
Email:	corporations.joint@aph.gov.au