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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 (Reducing Illegal Early Release and Other Measures) Bill 2012


Type
Government
Originating house
House of Representatives
Status
Not Proceeding
Portfolio
Treasury

Summary

Introduced with the Income Tax Rates Amendment (Unlawful Payments from Regulated Superannuation Funds) Bill 2012, the bill amends the: Superannuation Industry (Supervision) Act 1993 to provide for civil and criminal penalties for persons who promote a scheme that has resulted, or is likely to result, in the illegal early release of superannuation benefits; Anti-Money Laundering and Counter-Terrorism Financing Act 2006 to require that superannuation benefits that are rolled over into self-managed superannuation funds (SMSFs) are captured as a designated service; and Superannuation Industry (Supervision) Act 1993 and Taxation Administration Act 1953 to provide for administrative directions and penalties for contraventions relating to SMSFs.

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 29/11/12  
Second reading moved 29/11/12  
Second reading debate 11/02/13  
Second reading agreed to 11/02/13  
Consideration in detail debate 11/02/13  
Lapsed at dissolution 05/08/13  
     

Text of bill

  • First reading

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

House of Representatives
  • Non-Government
HOCKEY, Joe, MP

MS-Word PDF HTML

Schedules of amendments

Bills Digest



Notes