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ISSN 1328-8091 Parliament of Australia Departmentof Parliamentary Services Contents Purpose .................................................................................................................................................... 2 Background .............................................................................................................................................. 2 NOPSEMA............................................................................................................................................ 3 Directions .................................................................................................................................. 3 Basis of policy commitment ................................................................................................................ 4 Montara Commission of Inquiry ............................................................................................... 4 Committee consideration ................................................................................................................... 5 Senate Selection of Bills Committee ........................................................................................ 5 Senate Standing Committee for the Scrutiny of

INFORMATION, ANALYSIS AND ADVICE FOR THE PARLIAMENT I N F O R M A T I O N A N D R E S E A R C H S E R V I C E S Bills Digest No. 147 2002-03 Civil Aviation Legislation Amendment Bill 2003 D E

Parliament of Australia Department of Parliamentary Services Parliamentary Library BILLS DIGEST Information, analysis and advice for the Parliament 21 January 2005, nos. 89-90, 2004-05, ISSN 1328-8091 Customs Amendment (Thailand-Australia Free Trade Agreement Implementation) Bill 2004 Customs Tariff Amendment (Thailand-Australia Free Trade Agreement Implementation) Bill 2004 Bruce Donald Thomas John Foreign

ISSN 1328-8091 Parliament of Australia Departmentof Parliamentary Services Contents Purpose .................................................................................................................................................... 3 Background .............................................................................................................................................. 3 Australian financial services regulation .............................................................................................. 3 Parliamentary Joint Committee inquiry and report ........................................................................... 4 Government response to PJC report .................................................................................................. 5 FOFA 1 ............................................................................................................................................ 5 Consultation ................................................................................................................................... 5 FOFA 2 ............................................................................................................................................ 6 Regulatory impact statement

ISSN 1328-8091 Parliament of Australia Departmentof Parliamentary Services Contents Purpose .................................................................................................................................................... 2 Background .............................................................................................................................................. 2 Spectrum ............................................................................................................................................. 2 Sixth channel ....................................................................................................................................... 4 Digital dividend ................................................................................................................................... 6 Convergence Review ........................................................................................................................... 7 Committee consideration ........................................................................................................................ 9 Financial implications ............................................................................................................................... 9 Key provisions .......................................................................................................................................... 9 Concluding comments ........................................................................................................................... 10 BILLS DIGEST NO. 76,

ISSN 1328-8091 Parliament of Australia Departmentof Parliamentary Services Contents Purpose .................................................................................................................................................... 3 Background .............................................................................................................................................. 4 Other proposed superannuation changes .......................................................................................... 5 Summary of Superannuation Guarantee requirements ..................................................................... 5 History of the Superannuation Guarantee ......................................................................................... 7 Economic impact of the Superannuation Guarantee ....................................................................... 10 Superannuation industry overview .................................................................................................. 12 Basis of

ISSN 1328-8091 Parliament of Australia Departmentof Parliamentary Services Contents Purpose .................................................................................................................................................... 3 Committee consideration ........................................................................................................................ 3 Schedule 1-Abolishing the entrepreneurs’ tax offset .............................................................................. 4 Background ......................................................................................................................................... 4 Financial implications.......................................................................................................................... 6 Key provisions ..................................................................................................................................... 6 Schedule 2-Increase to the small business instant asset write-off threshold ......................................... 7 Background ......................................................................................................................................... 7 Financial