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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 Laws Amendment (MySuper Capital Gains Tax Relief and Other Measures) Bill 2013


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Income Tax Assessment Act 1997 to provide income tax relief to superannuation funds where there is a mandatory transfer of default members’ account balances to a MySuper product in another superannuation fund; Defence Force Retirement and Death Benefits Act 1973 to make consequential amendments as a result of the proposed Tax and Superannuation Laws Amendment (Increased Concessional Contributions Cap and Other Measures) Act 2013; and Fair Work Amendment Act 2012 to: allow contributions for default fund employees to whom a modern award applies to be directed to an employer MySuper product, subject to Fair Work Commission (FWC) approval; increase the maximum number of funds that can generally be specified in a modern award from 10 to 15; require the FWC to review terms in modern awards every four years; and make consequential and technical 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 29/05/13  
Second reading moved 29/05/13  
Referred to Federation Chamber 20/06/13  
Second reading debate 20/06/13  
Second reading agreed to 20/06/13  
Consideration in detail debate 20/06/13 Amendment details: 2 Government agreed to
Reported from Federation Chamber 20/06/13  
Third reading agreed to 20/06/13  
     
Senate
Introduced and read a first time 24/06/13  
Second reading moved 24/06/13  
Second reading debate 24/06/13  
Second reading agreed to 24/06/13  
Third reading agreed to 24/06/13  
     
Text of bill as passed both Houses 24/06/13  
Assent 28/06/13 Act no.: 89 - Year: 2013
     

Text of bill

  • First reading

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  • Third reading

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  • As passed by both Houses

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Explanatory memoranda

  • Explanatory memorandum

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  • Supplementary explanatory memorandum

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  • Revised explanatory memorandum

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  • Replacement revised explanatory memorandum

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Second reading speeches


Proposed amendments

House of Representatives
  • Government [sheet BW298]

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Schedules of amendments

  • Federation Chamber Schedule

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Bills Digest



Notes
  • Referred to Committee (18/06/2013): Senate Economics Legislation Committee; Committee report (24/06/2013)
  • Access information for House of Representatives and Senate committees
  • An electronic version of this Act is available in ComLaw ( www.comlaw.gov.au )