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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 (Stronger Super) Bill 2012


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Introduced with the Superannuation Supervisory Levy Imposition Amendment Bill 2012, the bill amends the: Retirement Savings Accounts Act 1997 and Superannuation Industry (Supervision) Act 1993 to: establish a framework to implement the superannuation data and payment regulations and standards that will apply to specified superannuation transactions undertaken by superannuation entities, retirement savings account providers and employers; and make consequential amendments; Taxation Administration Act 1953 to provide for an administrative penalty framework for non-compliance with the superannuation data and payment regulations and standards; and Australian Prudential Regulation Authority Act 1998 to: enable costs associated with the SuperStream measures to be included in the minister’s determination specifying the amount of levy payable to the Commonwealth; enable the minister to make a determination that specifies the proportion of levy money paid to the Australian Prudential Regulation Authority (APRA) that is to be credited to the APRA Special Account; and insert a definition of the measures covered by SuperStream.

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 24/05/12  
Second reading moved 24/05/12  
Second reading debate 18/06/12  
Second reading agreed to 18/06/12  
Third reading agreed to 18/06/12  
     
Senate
Introduced and read a first time 19/06/12  
Second reading moved 19/06/12  
Second reading debate 25/06/12  
Second reading debate 26/06/12  
Second reading agreed to 26/06/12  
Third reading agreed to 26/06/12  
     
Text of bill as passed both Houses 26/06/12  
Assent 28/06/12 Act no.: 91 - 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

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (24/05/2012): Joint Committee on Corporations and Financial Services; Committee report (13/06/2012)
  • Access information for House of Representatives and Senate committees
  • An electronic version of this Act is available in ComLaw ( www.comlaw.gov.au )