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Bills of previous Parliaments

Although every effort is made to ensure the accuracy of bills homepages, the authoritative sources for verifying the progress of bills are the House of Representatives Votes and Proceedings and the Journals of the Senate.

Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Further to the Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2011, the bill amends the Superannuation Industry (Supervision) Act 1993 to: expand the duties for registrable superannuation entity (RSE) licensees; apply new trustee duties to RSE licensees of an RSE that offers a MySuper product; apply duties to the directors of corporate trustees; provide the Australian Prudential Regulation Authority with the power to issue prudential standards in relation to superannuation prudential matters; and make consequential amendments.

Progress of bill

For committee reference information, please see the Notes section at the end of this page.

House of Representatives
Introduced and read a first time 16/02/12  
Second reading moved 16/02/12  
Second reading debate 22/03/12  
Second reading debate 22/05/12  
Second reading debate 23/05/12  
Second reading agreed to 23/05/12  
Consideration in detail debate 23/05/12  
Third reading agreed to 23/05/12  
     
Senate
Introduced and read a first time 18/06/12  
Second reading moved 18/06/12  
Second reading debate 14/08/12  
Second reading agreed to 14/08/12  
Committee of the Whole debate 14/08/12  
Third reading agreed to 14/08/12  
     
Text of bill as passed both Houses 14/08/12  
Assent 08/09/12 Act no.: 117 - Year: 2012
     

Text of bill

  • First reading

MS-Word PDF HTML
  • As passed by both Houses

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

House of Representatives
  • Non-Government
BILLSON, Bruce, MP

MS-Word PDF HTML
Senate
  • Opposition [sheet 7199]
CORMANN, Sen Mathias

MS-Word PDF HTML

Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (29/02/2012): Parliamentary Joint Committee on Corporations and Financial Services; Committee report (19/03/2012)
  • Access information for House of Representatives and Senate committees
  • An electronic version of this Act is available in ComLaw ( www.comlaw.gov.au )