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Friday, 12 June 2020
Page: 4071

Second Reading

Cognate debate.

Consideration resumed of the motion:

That this bill be now read a second time.

to which the following amendment was moved:

That all words after "That" be omitted with a view to substituting the following words:

"whilst not declining to give the bill a second reading, the House notes:

(1) the Government has failed to provide adequate policy certainty in the superannuation sector; and

(2) smaller credit unions and customer-owned banks have borne a disproportionate burden in funding the Australian Prudential Regulation Authority due to the Government's failure to update funding formulas in a timely manner".