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SUPERANNUATION LAWS AMENDMENT (2004 MEASURES NO. 1) BILL 2004E SUPERANNUATION LAWS AMENDMENT (2004 MEASURES NO. 2) BILL 2004

Order of the day read for the adjourned debate on the motion of the Parliamentary Secretary to the Minister for Agriculture, Fisheries and Forestry (Senator Troeth)—That these bills be now read a second time.

Debate resumed.

Senator Sherry moved the following amendment:

 At the end of the motion, add "but the Senate:

  (a)  expresses its support for the introduction of a simplified superannuation guarantee base definition from 1 July 2005, instead of 1 July 2010, with employers being given the right to argue before a Federal or state industrial commission for the simplified superannuation guarantee base definition to be phased in because of their incapacity to pay; and

 (b) opposes any use of this legislation to remove any superannuation guarantee base that is more generous than the ordinary times earnings".

Debate ensued.

Question—That the amendment be agreed to—put and passed.


Main question, as amended, put and passed.

Bills read a second time.

The Senate resolved itself into committee for the consideration of the bills.

In the committee

SUPERANNUATION LAWS AMENDMENT (2004 MEASURES NO. 1) BILL 2004—

Bill, taken as a whole by leave, debated and agreed to.

SUPERANNUATION LAWS AMENDMENT (2004 MEASURES NO. 2) BILL 2004—

Bill taken as a whole by leave.

On the motion of Senator Sherry the following amendments, taken together by leave, were debated and agreed to:

 Clause 2, page 2 (table item 3), omit "2010" (twice occurring), substitute "2005".

 Clause 4, page 3 (line 2), omit "2010", substitute "2005".

Bill, as amended, agreed to.

The Superannuation Laws Amendment (2004 Measures No. 1) Bill 2004 to be reported without amendments and the Superannuation Laws Amendment (2004 Measures No. 2) Bill 2004 to be reported with amendments.

The Deputy President (Senator Hogg) resumed the chair and the Temporary Chair of Committees (Senator Knowles) reported accordingly.

On the motion of the Minister for Revenue and Assistant Treasurer (Senator Coonan) the report from the committee was adopted and the bills read a third time.