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The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
As passed by both Houses
Superannuation Legislation Amendment (Stronger Super) Bill 2012
No. , 2012
A Bill for an Act to amend the law relating to superannuation, and for other purposes
Contents
1............ Short title............................................................................................. 1
2............ Commencement................................................................................... 1
3............ Schedule(s)......................................................................................... 2
Schedule 1—Data and payment standards relating to superannuation and retirement savings 3
Part 1—Main amendments 3
Retirement Savings Accounts Act 1997 3
Superannuation Industry (Supervision) Act 1993 14
Taxation Administration Act 1953 26
Part 2—Consequential amendments 28
Retirement Savings Accounts Act 1997 28
Superannuation Industry (Supervision) Act 1993 29
Part 3—Amendments contingent on the Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Act 2012 31
Superannuation Industry (Supervision) Act 1993 31
Part 4—Application provision 32
Schedule 2—Costs of implementing SuperStream measures 33
Australian Prudential Regulation Authority Act 1998 33
A Bill for an Act to amend the law relating to superannuation, and for other purposes
The Parliament of Australia enacts:
This Act may be cited as the Superannuation Legislation Amendment (Stronger Super) Act 2012 .
(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
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Commencement information |
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Column 1 |
Column 2 |
Column 3 |
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Provision(s) |
Commencement |
Date/Details |
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1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table |
The day this Act receives the Royal Assent. |
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2. Schedule 1, Parts 1 and 2 |
The day after this Act receives the Royal Assent. |
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3. Schedule 1, Part 3 |
Immediately after the commencement of item 9 of Schedule 2 to the Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Act 2012 . However, if that item commences before the provision(s) covered by table item 1, the provision(s) do not commence at all. |
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4. Schedule 1, Part 4 |
The day after this Act receives the Royal Assent. |
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5. Schedule 2 |
The day after this Act receives the Royal Assent. |
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Note: This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.
(2) Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.
Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.