

- Title
SJ No 125 - 22 November 2012
SUPERANNUATION LEGISLATION AMENDMENT (MYSUPER CORE PROVISIONS) E BILL 2012
- Database
Senate Journals
- Date
22-11-2012
- Source
Senate
- Parl No.
43
- Number
125
- Page
0
- Status
- System Id
chamber/journals/20121122_SJ125/0044
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Senate Journal No. 125 - 22 November 2012
- 1 MEETING OF SENATE
- 2 LOW AROMATIC FUEL BILL 2012
- 3 PETITION
- 4 NOTICES
- 5 LEAVE OF ABSENCE
- 6 ORDER OF BUSINESS—REARRANGEMENT
- 7 PRIVATE SENATORS' BILLS—CONSIDERATION
- 8 POSTPONEMENTS
- 9 ENVIRONMENT PROTECTION AND BIODIVERSITY CONSERVATION AMENDMENT (PROHIBITION OF LIVE IMPORTS OF PRIMATES FOR RESEARCH) BILL 2012
- 10 ENVIRONMENT AND COMMUNICATIONS REFERENCES COMMITTEE—EXTENSION OF TIME TO REPORT
- 11 FOREIGN AFFAIRS, DEFENCE AND TRADE REFERENCES COMMITTEE—EXTENSION OF TIME TO REPORT
- 12 RURAL AND REGIONAL AFFAIRS AND TRANSPORT REFERENCES COMMITTEE—EXTENSIONS OF TIME TO REPORT
- 13 LAW ENFORCEMENT—JOINT STATUTORY COMMITTEE—LEAVE TO MEET DURING SITTING
- 14 RESTORING TERRITORY RIGHTS (VOLUNTARY EUTHANASIA LEGISLATION) BILL 2010—GENERAL BUSINESS ORDER OF THE DAY DISCHARGED
- 15 DEATH OF MAJOR-GENERAL ALAN STRETTON, AO, CBE
- 16 LAW AND JUSTICE—PUBLIC DISCLOSURE LEGISLATION
- 17 LAW AND JUSTICE—CONVICTION RECORDS
- 18 ENVIRONMENT—AUSTRALIAN CUTTLEFISH
- 19 ENVIRONMENT—ENERGY POLICIES
- 20 ADMINISTRATION—PILBARA—NATIVE TITLE HERITAGE PROCESSES
- 21 FOREIGN AFFAIRS—ISRAEL AND PALESTINE
- 22 ENVIRONMENT AND COMMUNICATIONS REFERENCES COMMITTEE—REPORT—CONTAINER DEPOSIT SCHEMES
- 23 SUPERANNUATION LAWS AMENDMENT (CAPITAL GAINS TAX RELIEF AND OTHER EFFICIENCY MEASURES) BILL 2012E SUPERANNUATION AUDITOR REGISTRATION IMPOSITION BILL 2012
- 24 TAX LAWS AMENDMENT (CLEAN BUILDING MANAGED INVESTMENT TRUST) E BILL 2012
- 25 TAX LAWS AMENDMENT (2012 MEASURES NO. 5) BILL 2012
- 26 CORPORATIONS LEGISLATION AMENDMENT (DERIVATIVE TRANSACTIONS) E BILL 2012
- 27 PERSONAL LIABILITY FOR CORPORATE FAULT REFORM BILL 2012
- 28 SUPERANNUATION LEGISLATION AMENDMENT (NEW ZEALAND ARRANGEMENT) BILL 2012
- 29 FREEDOM OF INFORMATION AMENDMENT (PARLIAMENTARY BUDGET OFFICE) BILL 2012
- 30 JUDICIAL MISBEHAVIOUR AND INCAPACITY (PARLIAMENTARY COMMISSIONS) E BILL 2012E COURTS LEGISLATION AMENDMENT (JUDICIAL COMPLAINTS) BILL 2012
- 31 QUESTIONS
- 32 MOTIONS TO TAKE NOTE OF ANSWERS
- 33 NOTICE
- 34 ENVIRONMENT AND COMMUNICATIONS REFERENCES COMMITTEE—GOVERNMENT RESPONSE—COMMUNICATIONS NETWORKS' AND COMMUNICATIONS SYSTEMS' CAPACITIES IN EMERGENCIES AND NATURAL DISASTERS
- 35 LEGAL AND CONSTITUTIONAL AFFAIRS LEGISLATION COMMITTEE—GOVERNMENT RESPONSE—PRIVACY AMENDMENT (ENHANCING PRIVACY PROTECTION) BILL 2012
- 36 PRIVACY AMENDMENT (ENHANCING PRIVACY PROTECTION) BILL 2012—EXPLANATORY MEMORANDUM
- 37 DOCUMENTS
- 38 COMMITTEE MEMBERSHIP
- 39 GOVERNOR-GENERAL'S MESSAGES—ASSENT TO LAWS
- 40 ADMINISTRATION—AUSTRALIAN LABOR PARTY—TRADE UNIONS
- 41 ORDER OF BUSINESS—REARRANGEMENT
- 42 ACCESS TO JUSTICE (FEDERAL JURISDICTION) AMENDMENT BILL 2011
- 43 NATIONAL HEALTH SECURITY AMENDMENT BILL 2012
- 44 SUPERANNUATION LEGISLATION AMENDMENT (MYSUPER CORE PROVISIONS) E BILL 2012
- 45 EQUAL OPPORTUNITY FOR WOMEN IN THE WORKPLACE AMENDMENT BILL 2012
- 46 DENTAL BENEFITS AMENDMENT BILL 2012
- 47 ADJOURNMENT
- 48 ATTENDANCE
SUPERANNUATION LEGISLATION AMENDMENT (MYSUPER CORE PROVISIONS) E BILL 2012Order of the day read for the adjourned debate on the motion of the Minister for Broadband, Communications and the Digital Economy (Senator Conroy)—That this bill be now read a second time. Debate resumed. Question put and passed. Bill read a second time. The Senate resolved itself into committee for the consideration of the bill. In the committee Bill taken as a whole by leave. Explanatory memorandum: The Minister for Finance and Deregulation (Senator Wong) tabled a supplementary explanatory memorandum relating to the government amendments to be moved to the bill. On the motion of Senator Wong the following amendments, taken together by leave, were debated and agreed to: Clause 2, page 2 (after table item 1), insert: 1A. Schedule 1, item 1AThe day this Act receives the Royal Assent. Clause 2, page 2 (table item 3, column 2), omit "However, if the provision(s) do not commence before 1 January 2013, they commence on that day.". Senator Cormann moved the following amendments together by leave: Schedule 1, item 6, page 4 (line 12), after "29T", insert "or satisfies the provisions of section 29TB". Schedule 1, item 9, page 9 (line 24), omit "or 29TB". Schedule 1, item 9, page 9 (line 29), omit "or 29TB".
(b) that employer is a large employer in relation to the fund (see subsection (2)); and Schedule 1, item 9, page 12 (after line 15), at the end of section 29TB, add: (3) An RSE licensee with a MySuper authorisation must report the details of MySuper products for large employers to APRA on an annual basis. APRA may disallow a large employer MySuper product at any time where it does not comply with subsection 29TB(2). Schedule 1, item 9, page 14 (line 30) to page 15 (line 8), omit paragraph 29U(2)(b). Schedule 1, item 9, page 21 (line 14), omit "sections 29T and 29TB", substitute "section 29T". Debate ensued. Question—That the amendments be agreed to—put and negatived. Question—That the bill, as amended, be agreed to—divided, at the request of Senator Cormann, in respect of Schedule 1, item 12. Schedule 1, item 12 agreed to. Senator Cormann moved the following amendment: Schedule 1, item 9, page 12 (lines 1 to 15), omit subsection 29TB(2), substitute: (2) An employer is a large employer in relation to a regulated superannuation fund if there are 500 or more employees of the employer, or an associate of the employer, at the time the beneficial interest in that class is first issued and at the end of each annual reporting period. Debate ensued. Question—That the amendment be agreed to—put and negatived. Bill, as amended, agreed to. Bill to be reported with amendments. The Acting Deputy President (Senator Cameron) resumed the chair and the Temporary Chair of Committees reported accordingly. On the motion of Senator Wong the report from the committee was adopted and the bill read a third time. | |