SUPERANNUATION GUARANTEE (ADMINISTRATION) BILL 1992
SUPERANNUATION GUARANTEE (CONSEQUENTIAL AMENDMENTS) BILL 1992
SUPERANNUATION GUARANTEE CHARGE BILL 1992
SUPERANNUATION LEGISLATION (CONSEQUENTIAL AMENDMENTS AND TRANSITIONAL PROVISIONS) BILL 1992
Order of the day read for the consideration of the bills in
committee of the whole.
In the committee
Explanatory memoranda: The Manager of Government Business
(Senator McMullan) tabled supplementary explanatory
memoranda relating to amendments and new clauses to be
moved by the Government to the Superannuation Guarantee
(Administration) Bill 1992 and the Superannuation Guarantee
(Consequential Amendments) Bill 1992.
SUPERANNUATION GUARANTEE (ADMINISTRATION) BILL 1992 -
Bill taken as a whole by leave.
On the motion of the Manager of Government Business
(Senator McMullan) the following amendments, taken together
by leave, were debated and agreed to:
Clause 6, page 3, subclause (1), definition of "contribution
period", paragraphs (a) and (b), lines 28 and 29, omit the
paragraphs, substitute the following paragraphs:
"(a) a period of 6 months commencing on 1 July 1992 or 1
January 1993; or
(b) a period of 3 months commencing on 1 July, 1 October, 1
January or 1 April in the 1993-94 year or any later year;".
Clause 6, page 4, subclause (1), after definition of "government
body", insert the following definition:
""half-year' means a contribution period of 6 months;".
Clause 6, page 5, subclause (1), after definition of "public sector
scheme", insert the following definition:
""quarter' means a contribution period of 3 months;".
Clause 10, page 7, subclauses (2) to (4), lines 19 to 41, omit the
subclauses, substitute the following subclauses:
"(2) The notional employer contribution rate, in relation to a
class of employees specified in a benefit certificate relating to
one or more defined benefit superannuation schemes, is the
contribution rate required to meet the expected long-term cost,
to an employer who contributes to the scheme or schemes for
the benefit of employees in the class, of the minimum benefits
accruing in respect of all employees in the class from the date
of effect of the benefit certificate onwards.
"(3) A benefit certificate has effect from the date specified in
the certificate until:
(a) a superannuation scheme to which it relates is amended in
a way that affects, or may affect, the level or method of
calculation of benefits provided under the scheme for the
class of employees specified in the certificate; or
(b) another benefit certificate is issued in relation to the same
class of employees and the same scheme or schemes; or
(c) a period of 5 years from the date of issue expires;
whichever occurs first.
"(4) A benefit certificate may not be expressed to have effect
from a date earlier than the date of issue except as provided by
subsection (5).
"(5) A benefit certificate issued in the period commencing on
1 July in a particular year and ending on:
(a) 14 August in the following year; or
(b) a later date allowed by the Commissioner;
may be expressed to have effect from:
(c) the first day of that period; or
(d) any later day up to the day of issue.
"(6) The regulations may make provision regarding:
(a) the issue and form of benefit certificates; and
(b) the way in which the expected long-term cost to an
employer of benefits accruing to all employees is to be
calculated under subsection (2); and
(c) the manner in which the contribution rate is to be
expressed under subsection (2); and
(d) the way in which minimum benefits accruing to all
employees are to be calculated under subsection (2).".
Clause 11, page 8, paragraph (1)(e), line 12, omit "payments to",
substitute "remuneration of".
Clause 15, page 11, subclause (1), lines 22 and 23, omit "the
contribution period commencing on 1 July 1992 is $80,000",
substitute "a contribution period in the 1992-93 year is $40,000".
Clause 15, page 11, subclause (2), lines 26 to 28, omit the
formula, substitute the following formula:
"$40,000 x Indexation factor for the 1992-93 year
------------------------------------------------
2".
Clause 18, page 12, lines 10 to 18, omit the clause, substitute the
following clause:
"18.(1) An employer's individual superannuation guarantee
shortfall in respect of an employee for the 1992-93 year is the
sum of the employer's half-yearly shortfalls in respect of that
employee for that year.
"(2) An employer's half-yearly shortfall in respect of an
employee for a half-year is the amount worked out using the
formula:
Total salary or wages paid Charge percentage for the
by the employer to the employer for the half-year
employee for the half-year X --------------------------
100
where:
"Charge percentage for the employer for the half-year' means
the number ascertained in relation to that employer and that
half-year according to section 20 or 21 or that number as
reduced, in respect of the employee, by section 22 or 23, as the
case may be.".
Clause 19, page 12, lines 21 to 32, omit the clause, substitute the
following clause:
"19.(1) An employer's individual superannuation guarantee
shortfall in respect of an employee for a year (other than the
1992-93 year) is the sum of the employer's quarterly shortfalls in
respect of that employee for that year.
"(2) An employer's quarterly shortfall in respect of an employee
for a quarter is the amount worked out using the formula:
Total salary or wages paid Charge percentage for the
by the employer to the employer for the quarter
employee for the quarter X --------------------------
100
where:
"Charge percentage for the employer for the quarter' means the
number ascertained in relation to that employer and that quarter
according to section 20 or 21 or that number as reduced, in
respect of the employee, by section 22 or 23, as the case may
be.".
Clause 20, page 13, subclauses (3) and (4), lines 1 to 10, omit
the subclauses, substitute the following subclauses:
"(3) Subject to subsection (4) and sections 22 and 23, if an
employer's annual national payroll for the base year exceeded
$1,000,000, the employer's charge percentage for a contribution
period in a year, or a part of a year, specified in the following
table is the number specified in that table in relation to that
year or part of a year (as the case may be):
Year Percentage
1992-93 (1 July - 31 December) 4
1992-93 (1 January - 30 June) 5
1993-94 5
1994-95 5
1995-96 6
1996-97 6
1997-98 6
1998-99 7
1999-2000 7
2000-01 8
2001-02 8
2002-03 and subsequent years 9
"(4) In the case of an employer whose charge percentage for
the contribution period commencing on 1 January 1993 would,
apart from this subsection, be 5, the charge percentage is 4 if:
(a) a regulation prescribing a charge percentage of 5 for the
contribution period, in relation to employers whose annual
national payrolls for the base year exceeded $1,000,000, is
not made within 28 days after the day on which this Act
receives the Royal Assent; or
(b) if such a regulation is made, it is disallowed by either
House of the Parliament on or before:
(i) the second day after 8 December 1992 that is a sitting
day for both Houses of the Parliament; or
(ii)31 December 1992;
whichever is earlier.
"(5) Subject to sections 22 and 23, if an employer's annual
national payroll for the base year did not exceed $1,000,000, the
employer's charge percentage for a contribution period in a year
specified in the following table is the number specified in that
table in relation to that year:
Year Percentage
1992-93 3
1993-94 3
1994-95 4
1995-96 5
1996-97 6
1997-98 6
1998-99 7
1999-2000 7
2000-01 8
2001-02 8
2002-03 and subsequent years 9
Clause 21, pages 13 and 14, subclauses (3) to (7), line 18 (page
13) to line 12 (page 14), omit the subclauses, substitute the
following subclauses:
"(3) The employer's charge percentage for a contribution period
in a year in the period up to and including the base year is the
number specified in the following table in relation to that year:
Year Percentage
1992-93 3
1993-94 3
1994-95 4
1995-96 5
1996-97 6
1997-98 6
1998-99 7
1999-2000 7
2000-01 8
2001-02 8
2002-03 and subsequent years 9
"(4) If the employer's annual national payroll for the base year
exceeds $1,000,000, the employer's charge percentage for a
contribution period in a subsequent year specified in the
following table is the number specified in that table in relation
to that year:
Year Percentage
1992-93 4
1993-94 5
1994-95 5
1995-96 6
1996-97 6
1997-98 6
1998-99 7
1999-2000 7
2000-01 8
2001-02 8
2002-03 and subsequent years 9
"(5) If the employer's annual national payroll for the base year
does not exceed $1,000,000, the employer's charge percentage for
a contribution period in a subsequent year specified in the table
in subsection (3) is the number specified in that table in relation
to that year.
"(6) This section has effect subject to sections 22 and 23.".
Clause 22, pages 14 and 15, paragraphs (2)(a) and (b), line 18
(page 14) to line 2 (page 15), omit the paragraphs, substitute the
following paragraphs:
"(a) a benefit certificate in relation to one or more complying
superannuation schemes has effect for the whole or a part
of a contribution period; and
(b) a scheme in relation to which the certificate has effect is
operating for the benefit of a person as an employee of an
employer; and
(c) the certificate specifies a figure as the notional employer
contribution rate in relation to a class of employees (being
a class that includes the employee referred to in paragraph
(b)) as members of the scheme or schemes (as the case
may be);".
Clause 22, page 15, subclause (2), lines 9 to 18, omit all words
from and including ""A' is the figure", substitute the following:
""A' is the figure referred to in paragraph (c);
"B' is:
(A) 1; or
(B) if, in relation to the contribution period, the employment
period is greater than the scheme membership period or
the certificate period - either the fraction that represents
the scheme membership period as a proportion of the
employment period or the fraction that represents the
certificate period as a proportion of the employment
period or, if one fraction is smaller than the other, the
smaller fraction".
Clause 22, page 15, after subclause (2), insert the following
subclause:
"(2A) For the purposes of subsection (2):
"the employment period' means the period in the contribution
period for which the employee is employed by the employer;
"the scheme membership period' means the period in the
contribution period for which the employee is a member of the
superannuation scheme;
"the certificate period' means the period in the contribution
period for which the benefit certificate has effect in relation to
the scheme.".
Clause 23, page 18, subclause (6), lines 35 to 40, omit the
subclause, substitute the following subclause:
"(6) A contribution to a complying superannuation fund made
by an employer for the benefit of an employee in the period
commencing on 1 July 1992 and ending on 14 August 1993 may
be taken into account under this section as if it had been made
in either contribution period in the 1992-93 year.".
After clause 23, page 19, insert the following clauses:
Certain benefit certificates presumed to be certificates in
relation to complying superannuation scheme
"23A.(1) Subject to subsections (3) and (4), a benefit certificate
that has effect in relation to a superannuation scheme (being a
scheme to which an employer has contributed for the benefit of
an employee) for the whole or a part of a contribution period
is, for the purposes of section 22, conclusively presumed, in
relation to the employer, to be a certificate that has effect in
relation to a complying superannuation scheme for the whole,
or that part, as the case may be, of the contribution period if:
(a) within 30 days of the day on which the contribution period,
or the part of the contribution period, as the case may be,
commences, the employer obtains a written statement,
provided by or on behalf of the trustee of the scheme, that
the scheme:
(i) is operated in accordance with the superannuation fund
conditions under the Occupational Superannuation
Standards Act 1987; and
(ii) has been so operated from the day on which the
benefit certificate is expressed to take effect; or
(b) in an earlier contribution period, the employer has
obtained a statement of the kind referred to in paragraph
(a).
"(2) Subject to subsections (3) and (4), a benefit certificate that
has effect in relation to a superannuation scheme (being a
scheme to which an employer has contributed for the benefit of
an employee) for the whole or a part of a contribution period
is, if the employer obtains a statement of the kind referred to in
paragraph (1)(a):
(a) within the contribution period; but
(b) later than 30 days after the day on which the contribution
period, or the part of the contribution period, as the case
may be, commences;
for the purposes of section 22, conclusively presumed, in relation
to the employer, to be a certificate that has effect in relation to
a complying superannuation scheme for the period commencing
on the day on which the employer obtains the statement and
ending on the last day of the contribution period.
"(3) A presumption relating to a benefit certificate under
subsection (1) or (2) is not, in relation to an employer and a
superannuation scheme, effective in respect of any period for
which the scheme is operating while in breach of a
superannuation fund condition under the Occupational
Superannuation Standards Act 1987 if:
(a) the employer has been notified of that breach by the
trustee; and
(b) the employer has not been further notified by the trustee
that the Commissioner of Insurance and Superannuation is
satisfied that the breach has been rectified.
"(4) A presumption relating to a benefit certificate under
subsection (1) or (2) is not, in relation to an employer and a
superannuation scheme, effective in respect of any period for
which the scheme is operating while in breach of a
superannuation fund condition under the Occupational
Superannuation Standards Act 1987 if, in that period:
(a) the employer:
(i) is the trustee or manager of the scheme; or
(ii) has an association, within the meaning of subsection
26AAB(14) of the Income Tax Assessment Act 1936,
with the trustee or the manager of the scheme; and
(b) the employer has reasonable grounds for believing that the
scheme is operating while in breach of a superannuation
fund condition under the Occupational Superannuation
Standards Act 1987.
Certain contributions presumed to be contributions to
complying superannuation fund
"23B.(1) Subject to subsection (2), a contribution by an
employer for the benefit of an employee to a superannuation
fund is conclusively presumed to be a contribution to a
complying superannuation fund for the purposes of section 23
if, at the time the contribution is made:
(a) the employer has obtained a written statement, provided by
or on behalf of the trustee of the fund, that the fund is
operated in accordance with the superannuation fund
conditions under the Occupational Superannuation
Standards Act 1987; and
(b) either:
(i) the employer has not been notified by the trustee that
the fund is operating while in breach of a
superannuation fund condition under the Occupational
Superannuation Standards Act 1987; or
(ii) the employer has been so notified, but has been further
notified by the trustee that the Commissioner of
Insurance and Superannuation is satisfied that the
breach has been rectified.
"(2) Subsection (1) does not apply to a contribution to a
superannuation fund if, at the time the contribution is made:
(a) the employer:
(i) is the trustee or the manager of the fund; or
(ii) has an association, within the meaning of subsection
26AAB(14) of the Income Tax Assessment Act 1936,
with the trustee or the manager of the fund; and
(b) the employer has reasonable grounds for believing that the
fund is operating while in breach of a superannuation fund
condition under the Occupational Superannuation
Standards Act 1987.
Certain periods not to count as periods of employment
"23C.(1) Any period in respect of which excluded salary or
wages are paid by an employer to an employee is not, for the
purposes of section 22 or 23, to be taken into account as a
period for which the employee is employed by the employer.
"(2) For the purposes of subsection (1), excluded salary or
wages are salary or wages that, under section 24 or 25, are not
to be taken into account for the purpose of making a calculation
under section 18 or 19.".
Clause 24, page 19, subclause (2), line 36, omit "$250", substitute
"$450".
Clause 30, page 21, paragraph (2)(f), line 23, omit "$500,000",
substitute "$1,000,000".
After clause 48, page 28, insert the following clauses:
Liquidation
"48A. In the winding up of a company, any superannuation
guarantee charge payable by the company is, for the purposes of
payment, to have a priority equal to that of a debt of the
company of the kind referred to in paragraph 556(1)(e) of the
Corporations Law.
Receivers
"48B.(1) If a person (the "asset holder'), as a receiver or a
receiver and manager for debenture holders of an employer that
is a company, takes possession of assets of the employer, the
asset holder must, within 14 days, give written notice of the fact
to the Commissioner.
"(2) The Commissioner must, as soon as practicable, give the
asset holder written notice of the amount that, in the
Commissioner's opinion, is sufficient to provide for any amount
of superannuation guarantee charge that is or may become
payable by the employer (the "notified charge amount').
"(3) The asset holder:
(a) must not, without the Commissioner's permission, part with
any of the company's assets before receiving notice of the
notified charge amount; and
(b) must set aside, out of the assets available for paying the
company's ordinary debts, assets having the value worked
out using the formula:
Total value of assets | Notified charge amount | available to pay | ----------------------------------------- | ordinary debts X | Notified Company's Sum of company's | | charge + notified + other | | amount tax amount ordinary debts |
"(4) The asset holder is liable to pay the superannuation
guarantee charge payable by the company to the extent of the
value of the assets that the asset holder is required to set aside.
"(5) Paragraph (3)(a) does not prevent the asset holder from
parting with the company's assets to pay the company's debts
that are not ordinary debts.
"(6) For the purposes of subsections (3) and (5), a company's
debt is an ordinary debt if:
(a) it is unsecured; and
(b) it is not required, under a Commonwealth, State or
Territory law, to be paid in priority to some or all of the
company's other debts.
"(7) If the asset holder, without reasonable excuse, contravenes
this section or fails to pay the superannuation guarantee charge
for which the asset holder is liable under subsection (4), the
asset holder is guilty of an offence punishable on conviction by
a fine not exceeding $1,000.
"(8) This section is not taken to limit an obligation or liability
of the asset holder arising otherwise than under this section.
"(9) If 2 or more persons are asset holders in relation to the
same company, the obligations and liabilities imposed on an
asset holder by this section are imposed on both or all of the
persons jointly.
"(10) In this section:
"notified tax amount' means an amount that the Commissioner
has notified to the company or the respective asset holder under
a section of another Act that corresponds to this section;
"superannuation guarantee charge' includes additional
superannuation guarantee charge under section 46 or Part 7.".
Clause 60, page 37, line 10, after "60.", insert "(1)".
Clause 60, page 37, at end of clause, add the following
subclause:
"(2) A payment of a shortfall component made or arranged by
the Commissioner for the benefit of an employee to a
superannuation fund is conclusively presumed to be a payment
to a complying superannuation fund for the purposes of
subsection (1) if, at the time the payment is made:
(a) the Commissioner has obtained a written statement,
provided by or on behalf of the trustee of the fund, that the
fund is operated in accordance with the superannuation
fund conditions under the Occupational Superannuation
Standards Act 1987; and
(b) either:
(i) the Commissioner has not been notified by the trustee
that the fund is operating while in breach of a
superannuation fund condition under the Occupational
Superannuation Standards Act 1987; or
(ii) the Commissioner has been so notified, but has been
further notified by the trustee that the Commissioner
of Insurance and Superannuation is satisfied that the
breach has been rectified.".
Senator Alston moved the following amendments together by
leave:
Clause 6, page 4, subclause (1), after definition of "Deputy
Commissioner", insert the following definition:
""exempt employee' means an employee who -
(a) is not a resident of Australia; and
(b) is an employee, or a member of a class of employees,
classified by the Commissioner as exempt on the ground
that -
(i) benefits in the nature of superannuation are provided
under the law of the country in which the employee is
ordinarily resident; and
(ii) those benefits are not inferior to those provided under
this Act;".
Clause 24, page 19, at end of subclause (1), add the following
paragraph:
"; (e) salary or wages paid to an exempt employee".
Debate ensued.
Question - That the amendments be agreed to - put and
negatived.
Senator Alston moved the following amendment:
Clause 24, page 19, at end of subclause (1), add the following
paragraph:
"; (e) salary or wages paid to an employee who holds a
temporary entry permit (but not including an extended
eligibility (spouse) temporary entry permit), a student
and training visa, or a visitor's visa".
Question - That the amendment be agreed to - put and
negatived.
Bill, as amended, further debated.
Extension of time: The Manager of Government Business
(Senator McMullan) moved - That the time allotted for the
consideration of the remaining stages of these bills be extended
by 30 minutes.
Question put and passed.
Bill, as amended, further debated and agreed to.
SUPERANNUATION GUARANTEE (CONSEQUENTIAL AMENDMENTS)
BILL 1992 -
Bill taken as a whole by leave.
The Manager of Government Business (Senator McMullan)
moved the following amendments together by leave:
Schedule, page 4, after proposed amendment to the Defence
Force Retirement and Death Benefits Act 1973, insert:
"Fringe Benefits Tax Assessment Act 1986
After paragraph 96(7)(ca):
Insert:
"(cb) notified charge amount within the meaning of section
48B of the Superannuation Guarantee (Administration)
Act 1992; or'.".
Schedule, page 4, after proposed amendment to section 202 of
the Income Tax Assessment Act 1936, insert:
"After paragraph 215(3D)(b):
Insert:
"(ba) notified charge amount within the meaning of section
48B of the Superannuation Guarantee (Administration)
Act 1992; or '.".
Schedule, page 4, after proposed amendments to the Income Tax
Assessment Act 1936, insert:
"Industrial Relations Act 1988
After section 90:
Insert:
Commission to have regard to operation of Superannuation
Guarantee legislation when making National Wage Case
decision
"90A. In making a National Wage Case decision, the
Commission must have regard to the operation of:
(a) the Superannuation Guarantee Charge Act 1992; and
(b) the Superannuation Guarantee (Administration) Act
1992.'.".
Schedule, page 5, proposed amendment to the Occupational
Superannuation Standards Act 1987, omit the amendment,
substitute:
"Occupational Superannuation Standards Act 1987
Subsection 3(1):
Insert:
""employer sponsor", in relation to a superannuation fund,
means an employer who has contributed to the fund for the
benefit of an employee;'.
Subsection 10(1):
Omit the subsection, substitute:
"(1) The trustees of a superannuation fund established on or
after 1 July 1992 must, within the prescribed period after
establishment, give the Commissioner the prescribed
information.
"(1AAA) The trustees of an approved deposit fund established
on or after 1 July 1992 must, within the prescribed period after
establishment, give the Commissioner the prescribed
information.'.
After subsection 10(2):
Insert:
"(3) If the trustee of a superannuation fund provides the
information prescribed for the purposes of subsection (1) to the
Commissioner, the Commissioner must give notice in writing to
the trustee acknowledging receipt of that information.'.
After subsection 12(3):
Insert:
"(3A) In making a decision under subsection (3) in relation to
a fund and a year of income, the Commissioner must disregard
a breach of a superannuation fund condition by the fund if:
(a) the trustee of the fund:
(i) notified the Commissioner and all employer sponsors
in relation to the fund of the breach as soon as
practicable after becoming aware of the breach; and
(ii) caused the breach to be rectified within a period of 30
days (or such further period as the Commissioner
allows) after becoming aware of the breach; or
(b) within the period referred to in subparagraph (a)(ii),
moneys in the fund equal in amount to the accrued benefits
of members of the fund at the time of transfer have been
transferred to another fund in respect of which the
Commissioner has given:
(i) notice under subsection (3) stating that the
Commissioner is satisfied that the superannuation fund
conditions have been satisfied in relation to the year of
income; or
(ii) a notice under subsection 13(3) stating that the fund
should be treated as if it had satisfied the conditions in
relation to the year of income;
and the moneys are in such a fund at the time the
Commissioner's decision is made.'.
After subsection 18(2):
Insert:
"(2A) Nothing in subsection (2) is to be read as preventing the
Commissioner from publishing a list containing:
(a) the names of superannuation funds in respect of which a
notice, or a particular kind of notice, has been given by the
Commissioner under section 10, 12 or 13, and the
addresses at which business relating to those funds is
transacted; and
(b) such other information as is reasonably necessary to enable
members of the public to contact a person who has a
function in relation to the fund;
or from disclosing, by any other means, the information
referred to in paragraphs (a) and (b).'.
"Pay-roll Tax (Territories) Assessment Act 1971
After paragraph 30(3C)(b):
Insert:
"(ba) notified charge amount within the meaning of section
48B of the Superannuation Guarantee (Administration)
Act 1992; or'.
"Petroleum Resource Rent Tax Assessment Act 1987
After paragraph 88(7)(d):
Insert:
"(da) notified charge amount within the meaning of section
48B of the Superannuation Guarantee (Administration)
Act 1992; or'.
"Sales Tax Assessment Act (No. 1) 1930
After paragraph 32(2D)(c):
Insert:
"(ca) notified charge amount within the meaning of section
48B of the Superannuation Guarantee (Administration)
Act 1992; or'.".
Schedule, page 6, at end of Schedule, add:
"Tobacco Charges Assessment Act 1955
After paragraph 27(3C)(c):
Insert:
"(caa) notified charge amount within the meaning of section
48B of the Superannuation Guarantee (Administration)
Act 1992; or'.
"Training Guarantee (Administration) Act 1990
Subsection 78(10) (after paragraph (e) of the definition of
"prescribed tax provision"):
Insert:
"(ea) section 48B of the Superannuation Guarantee
(Administration) Act 1992; or'.".
"Wool Tax (Administration) Act 1964
After paragraph 47(3C)(c):
Insert:
"(ca) notified charge amount within the meaning of section
48B of the Superannuation Guarantee (Administration)
Act 1992; or'.".
Debate ensued.
Limitation of debate: And the time allotted for the
consideration of this bill and of the following bills:
Superannuation Guarantee (Administration) Bill 1992
Superannuation Guarantee Charge Bill 1992
Superannuation Legislation (Consequential Amendments and
Transitional Provisions) Bill 1992
having expired -
Question - That the amendments be agreed to - put and passed.
Question - That the bill, as amended, be agreed to, that the
remaining bills be agreed to and that the bills be reported - put
and passed.
The Superannuation Guarantee (Administration) Bill 1992 and
the Superannuation Guarantee (Consequential Amendments)
Bill 1992 to be reported with amendments, the Superannuation
Guarantee Charge Bill 1992 be reported without requests and
the Superannuation Legislation (Consequential Amendments
and Transitional Provisions) Bill 1992 be reported without
amendments.
The Acting Deputy-President (Senator Teague) resumed the
Chair and the Chairman of Committees (Senator Colston)
reported that the committee had agreed to the Superannuation
Guarantee (Administration) Bill 1992 and the Superannuation
Guarantee (Consequential Amendments) Bill 1992 with
amendments, the Superannuation Guarantee Charge Bill 1992
without requests and the Superannuation Legislation
(Consequential Amendments and Transitional Provisions) Bill
1992 without amendments and had agreed to a resolution to
extend the time for the consideration of the bills by 30 minutes.
Question - That the report of the committee be adopted, the
remaining stages of the bills be agreed to and the bills be now
passed - put and passed.
Bills read a third time. | 
