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The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Superannuation Legislation Amendment (Reducing Illegal Early Release and Other Measures) Bill 2012
No. , 2012
(Treasury)
A Bill for an Act to amend the law relating to superannuation and tax, and for related purposes
Contents
1............ Short title............................................................................................. 1
2............ Commencement................................................................................... 1
3............ Schedule(s)......................................................................................... 2
Schedule 1—Unlawful payments from regulated superannuation funds 3
Superannuation Industry (Supervision) Act 1993 3
Schedule 2—Roll-overs to self managed superannuation funds 5
Anti-Money Laundering and Counter-Terrorism Financing Act 2006 5
Schedule 3—Administrative consequences for contraventions relating to self managed superannuation funds 6
Superannuation Industry (Supervision) Act 1993 6
Taxation Administration Act 1953 16
A Bill for an Act to amend the law relating to superannuation and tax, and for related purposes
The Parliament of Australia enacts:
This Act may be cited as the Superannuation Legislation Amendment (Reducing Illegal Early Release and Other Measures) 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 |
The day this Act receives the Royal Assent. |
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3. Schedules 2 and 3 |
1 July 2013. |
1 July 2013 |
Note: This table relates only to the provisions of this Act as originally enacted.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.