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Superannuation Laws Amendment (Strengthening Trustee Arrangements) Bill 2017

2016-2017

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

Presented and read a first time

 

 

 

 

Superannuation Laws Amendment (Strengthening Trustee Arrangements) Bill 2017

 

No.      , 2017

 

(Treasury)

 

 

 

A Bill for an Act to amend the law in relation to superannuation, and for related purposes

   

   



Contents

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

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

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

Schedule 1—RSE licensees                                                                                                3

Part 1—Main amendments                                                                                          3

Superannuation Industry (Supervision) Act 1993                                                 3

Part 2—Other amendments                                                                                       10

Superannuation Industry (Supervision) Act 1993                                               10

Part 3—Application and transitional provisions                                             13

Schedule 2—Board of CSC                                                                                            15

Part 1—Independence of directors                                                                       15

Governance of Australian Government Superannuation Schemes Act 2011 15

Part 2—Application provisions                                                                               17

 

 



A Bill for an Act to amend the law in relation to superannuation, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act is the Superannuation Laws Amendment (Strengthening Trustee Arrangements) Act 2017 .

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.  The whole of this Act

The day after this Act receives the Royal Assent.

 

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.