2010-2011-2012

The Parliament of the

Commonwealth of Australia

HOUSE OF REPRESENTATIVES

Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Bill 2012

(Amendments to be moved by Mr Hockey)

( 1 )     Schedule 4 , item 5 , page 54 (line 22) , omit “ for defined benefit members ”.

[contributions under modern awards]

( 2 )     Schedule 4 , item 5 , page 54 (before line 23) , before subsection 149A ( 1 ), insert:

          (1A)  A modern award must include a term that permits an employer covered by the award to make contributions, for the benefit of an employee covered by the award who is a default fund employee, to any superannuation fund that offers a MySuper product.

Note:          An employer may make contributions under this term even if the superannuation fund to which the contributions are made is not specified in the modern award.

[contributions under modern awards]

( 3 )     Schedule 4 , item 6 , page 55 (line 20) , omit “section 149A”, substitute “subsection 149A(1)”.

[contributions under modern awards]