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Title

Superannuation Legislation Amendment (Trustee Governance) Bill 2015

Database

Bills & Legislation

Long Title

a Bill for an Act to amend the Superannuation Industry (Supervision) Act 1993 and the Governance of Australian Government Superannuation Schemes Act 2011, and for related purposes

Date

16-09-2015 10:00 AM

Source

House of Reps

Parl No.

44

Bill Number

170/15

Bill Type

Government

Portfolio

Treasury

Reps Bill Code

O

Status

Not Proceeding

System Id

legislation/bills/r5548_first-reps/0000


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Superannuation Legislation Amendment (Trustee Governance) Bill 2015

2013-2014-2015

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

Superannuation Legislation Amendment (Trustee Governance) Bill 2015

 

No.      , 2015

 

(Treasury)

 

 

 

A Bill for an Act to amend the Superannuation Industry (Supervision) Act 1993 and the Governance of Australian Government Superannuation Schemes Act 2011 , and for related purposes

   

   

Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedules............................................................................................ 2

Schedule 1—Governance arrangements for registrable superannuation entities                3

Part 1—Main amendments                                                                                          3

Superannuation Industry (Supervision) Act 1993                                                 3

Part 2—Other amendments                                                                                       11

Superannuation Industry (Supervision) Act 1993                                               11

Part 3—Transitional provisions                                                                               14

Schedule 2—Governance arrangements for the Board of CSC              16

Part 1—Independence of directors                                                                       16

Governance of Australian Government Superannuation Schemes Act 2011 16

Part 2—Number of directors                                                                                    18

Governance of Australian Government Superannuation Schemes Act 2011 18

Part 3—Application provisions                                                                               19

 

 

A Bill for an Act to amend the Superannuation Industry (Supervision) Act 1993 and the Governance of Australian Government Superannuation Schemes Act 2011 , and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Superannuation Legislation Amendment (Trustee Governance) Act 2015 .

2   Commencement

             (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.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

2.  Schedule 1

The day this Act receives the Royal Assent.

 

3.  Schedule 2, items 1 to 16

1 July 2016.

1 July 2016

4.  Schedule 2, item 17

The day this Act receives the Royal Assent.

 

5.  Schedule 2, item 18

1 July 2016.

1 July 2016

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.

3   Schedules

                   Legislation 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.