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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.