Provisions of the Superannuation Legislation Amendment (Choice of Superannuation Funds) Bill 2002

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)