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Tuesday, 10 December 2002
Page: 7658


Senator Sherry asked the Minister for Revenue and Assistant Treasurer, upon notice, on 30 September 2002:

With reference to the resolution of the Senate relating to government responses to committee reports (Standing Orders, February 2002, p. 129) and undertakings by successive governments to present a response to committee reports within 3 months of tabling: When will the Government respond to each of the following reports tabled in the 39th Parliament, on the dates indicated, by the Senate Select Committee on Superannuation and Financial Services:

(1) The opportunities and constraints for Australia to become a centre for the provision of Global Financial Services (22 March 2001).

(2) A `reasonable and secure' retirement? The benefit design of Commonwealth public sector and defence force unfunded superannuation funds and schemes (5 April 2001).

(3) Prudential supervision and consumer protection for superannuation, banking and financial services—First report (20 August 2001).

(4) Prudential supervision and consumer protection for superannuation, banking and financial services—Second report—Some case studies (30 August 2001).

(5) Prudential supervision and consumer protection for superannuation, banking and financial services—Third report— Auditing of superannuation funds (24 September 2001).

(6) Early access to superannuation benefits (31 January 2002).


Senator Coonan (Minister for Revenue and Assistant Treasurer) —The answer to the honourable senator's question is as follows:

(1) The Government is considering the Report's recommendations and will respond to them shortly.

(2) The Minister for Finance and Administration, Senator the Hon. Nick Minchin is the Minister responsible for the superannuation arrangements of the Commonwealth's civilian employees, and, as such, will be responding to the Committee's recommendations made in the report.

(3) The Government's response to the Report's recommendations was tabled on 24 October.

(4) The Government's response to the Report's recommendations was tabled on 24 October.

(5) The Government is considering the Report's recommendations and will respond to them shortly.

(6) The Government is considering the Report's recommendations and will respond to them shortly.