Second Reading Speeches

Superannuation Legislation Amendment (Early Release of Superannuation) Bill 2011

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
43

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Summary

Amends the:

Retirement Savings Accounts Act 1997
and
Superannuation Industry (Supervision) Act 1993
to transfer the administration of making determinations relating to the early release of superannuation benefits on compassionate grounds to the Chief Executive Medicare; and
Australian Prudential Regulation Authority Act 1998
to provide that the administration of making determinations relating to the early release of superannuation benefits on compassionate grounds continues to be funded by superannuation industry levies.

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