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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.

Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019

Type	Government
Originating house	House of Representatives
Status	Act
Portfolio	Treasury

Summary

Amends the: Superannuation Guarantee (Administration) Act 1992 to enable certain employees with multiple employers to apply for an employer shortfall exemption certificate which prevents their employer from having a superannuation guarantee shortfall if they do not make contributions for a period; Administrative Decisions (Judicial Review) Act 1977 to make consequential amendments; Income Tax Assessment Act 1997 to ensure that a superannuation entity's non-arm's length income includes income where expenditure in gaining or producing it was not an arm's length expense; and Income Tax Assessment Act 1997, Taxation Administration Act 1953 and Income Tax (Transitional Provisions) Act 1997 to ensure that, in certain circumstances involving limited recourse borrowing arrangements, the total value of a superannuation fund's assets is taken into account in working out individual members' total superannuation balances.

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	24/07/19
Second reading moved	24/07/19
Second reading debate	12/09/19
Second reading agreed to	12/09/19
Third reading agreed to	12/09/19

Senate
Introduced and read a first time	12/09/19
Second reading moved	12/09/19
Second reading debate	19/09/19
Second reading agreed to	19/09/19
Third reading agreed to	19/09/19

Finally passed both Houses	19/09/19
Assent	02/10/19	Act no: 78 - Year: 2019