Family Law Legislation Amendment (Superannuation)
Bill 2000
Senator John Watson, Chair of the Senate Select Committee on
Superannuation and Financial Services, today described the introduction
of the Family Law Legislation Amendment (Superannuation) Bill 2000 into
the House of Representatives on 13 April 2000 as an important development
in providing for the division of superannuation interests on marriage
breakdown.
The purpose of the bill is to amend the Family Law Act 1975. Under
the current law, while the Family Court can take into account any superannuation
interest held by the parties, and can and does adjust other property having
regard to the fact that one of the parties will have the superannuation
interest as a financial asset, the superannuation interest is not able
to be divided.
Senator Watson said that, in its seventeenth Report entitled
Super and Broken Work Patterns tabled in November 1995, the previous
Senate Select Committee on Superannuation recommended urgent action on
the problem of the treatment of superannuation assets in the event of
marriage breakdown. For this reason Senator Watson welcomed the introduction
of the Bill as an opportunity for wide ranging debate in both the House
of Representatives and the Senate on this important issue.
| For comment: |
Senator John Watson
Chair
|
02 6277 3685 (Canberra) or
03 6331 4544 (Launceston, TAS) |
| For information: |
Sue Morton
Secretary
|
02 6277 3458 or
0416278258 |
| Internet access: |
https://www.aph.gov.au/senate/committee |
|
| Email: |
super.sen@aph.gov.au |
|
20 April 2000
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