Provisions of the Superannuation Legislation Amendment (Choice of Superannuation
Funds) Bill 2002
TABLE OF CONTENTS
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CHAPTER ONE - INTRODUCTION (
PDF format)
Introduction
Referral of the Bill to the Committee
Conduct of the inquiry
Purpose of the Bill
Background to the Bill
CHAPTER TWO - SUMMARY OF VIEWS (
PDF format)
Introduction
Current choice in Australia.
Organisational commentary
Alternative views
Implementation issues
CHAPTER THREE - DISCLOSURE AND EDUCATION (
PDF format)
Introduction
Financial disclosure standards
Financial education standards
Other consumer protection issues
CHAPTER FOUR - PORTABILITY, THE DEFAULT FUND AND INSURANCE (PDF
format)
Introduction
Portability
The default fund
Death and invalidity insurance
CHAPTER FIVE - OTHER IMPLEMENTATION ISSUES (
PDF
format)
Introduction
Defined benefit schemes
AWAs and certified agreements
Collection of arrears
The standard choice form
Commencement date
CHAPTER SIX - EMPLOYERS (PDF format)
Introduction
Employer costs
Employer fines
Employer liability
CHAPTER SEVEN - COMMISSION-BASED SELLING (
PDF format)
Introduction
Commission-based selling
Not-for-profit fund costs.
Not-for-profit fund returns
CHAPTER EIGHT - FEES AND CHARGES (
PDF format)
Introduction
The impact of fees and charges
Entry and exit fees
Monitoring fees and charges
CHAPTER NINE - CONCLUSIONS AND RECOMMENDATIONS (
PDF
format)
Views on the Bill
Disclosure standards
Portability, the default fund and insurance
Other implementation issues
Employers
Commission-based selling
Fees and charges
Consumer protection
Summary
DEMOCRATS' SUPPLEMENTARY REPORT ADDITIONAL COMMENTS BY LABOR SENATORS
(
PDF format)
Overview
Rationale for the Bill
Disclosure
Fees and Charges
Analogies
Defined Benefit Funds
Same Sex Couples
Employer Compliance
APPENDIX 1 (
PDF format - Appenidx 1 to 5)
Submissions
APPENDIX 2
Public Hearings
APPENDIX 3
Tabled Documents
APPENDIX 4
Main provisions of the Superannuation Legislation Amendment (Choice
of Superannuation funds) Bill 2002
APPENDIX 5
List of Committee Reports
The complete report is available to download here (
PDF
format 510KB)