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Hansard
- Start of Business
- BILLS
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- STATEMENT BY THE PRESIDENT
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BILLS
- National Health Reform Amendment (Independent Hospital Pricing Authority) Bill 2011
- National Health Reform Amendment (National Health Performance Authority) Bill 2011
- Education Services for Overseas Students (Registration Charges) Amendment Bill 2011, Education Services for Overseas Students Amendment (Registration Charges Consequentials) Bill 2011
- Horse Disease Response Levy Bill 2011, Horse Disease Response Levy Collection Bill 2011, Horse Disease Response Levy (Consequential Amendments) Bill 2011
- BUSINESS
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QUESTIONS WITHOUT NOTICE
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Trade Unions
(Ronaldson, Sen Michael, Evans, Sen Christopher) -
Small Business
(Thistlethwaite, Sen Matt, Sherry, Sen Nick) -
Media Inquiry
(Abetz, Sen Eric, Conroy, Sen Stephen) -
Parliament House: Energy Use
(Brown, Sen Bob, Hogg, Sen John) -
Asylum Seekers
(Brandis, Sen George, Carr, Sen Kim) -
Climate Change
(Marshall, Sen Gavin, Wong, Sen Penny) -
Asylum Seekers
(Cash, Sen Michaelia, Carr, Sen Kim) -
Blade Electric Vehicles
(Madigan, Sen John, Carr, Sen Kim) -
Drought
(McKenzie, Sen Bridget, Ludwig, Sen Joe)
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Trade Unions
- QUESTIONS WITHOUT NOTICE: ADDITIONAL ANSWERS
- QUESTIONS WITHOUT NOTICE: TAKE NOTE OF ANSWERS
- MINISTERIAL STATEMENTS
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- ADJOURNMENT
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QUESTIONS ON NOTICE
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Vacant Commercial Space (Question No. 716)
(Ludlam, Sen Scott, Conroy, Sen Stephen) -
National Rental Affordability Scheme (Question No. 718) (Question No. 721)
(Ludlam, Sen Scott, Conroy, Sen Stephen) -
Sustainability, Environment, Water, Population and Communities (Question No. 926) (Question No. 1023)
(Joyce, Sen Barnaby, Abetz, Sen Eric, Conroy, Sen Stephen, Evans, Sen Christopher) -
Prime Minister and Cabinet: Accommodation (Question No. 1032)
(Abetz, Sen Eric, Evans, Sen Christopher)
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Vacant Commercial Space (Question No. 716)
Page: 6215
Senator CORMANN (Western Australia) (13:42): The coalition supports the Superannuation Legislation Amendment (Early Release of Superannuation) Bill 2011. This bill deals with the administration of the early release of superannuation on compassionate grounds. It transfers the responsibility for administration of the early release of superannuation on compassionate grounds from APRA and the ATO to the Chief Executive Officer of Medicare, and it also effectively transfers the relevant component of fees currently collected from APRA regulated funds to cover the cost of administering the early release of superannuation by Medicare. The rationale for the transfer from APRA and the ATO to Medicare that is given in the explanatory memorandum is that this scheme is best administered by an agency that has other elements of income support and efficient customer support infrastructure. The Department of Human Services is best placed to perform this role, and APRA and Medicare came to an agreement by delegation on 3 February 2011 to do this.
I stress that there is no change to the rules around early release of superannuation on compassionate grounds in this legislation. The bill does enable recovery of the fees for administering early release from funds. This fee already exists and is levied from superannuation funds for APRA's management of early release. In future these fees will be collected on behalf of Medicare. All of this makes sense because of course the taxpayer should not have to pay the costs of this scheme. As I have mentioned, the coalition supports this bill.