Superannuation Laws Amendment (2004 Measures No. 2) Bill 2004

Type
Government
Portfolio
Treasury 
Originating house
House of Representatives 
Status
Act 
Parliament no
40
Summary
Amends the:
Income Tax Assessment Act 1936
  to remove the requirement for certain pension providers to obtain an actuary’s certificate to qualify for tax exemptions;
Income Tax Assessment Act 1997
  to require taxpayers under age 18 to satisfy a work test in order to claim a tax deduction for personal superannuation contributions;
Retirement Savings Accounts Act 1997
  to align the portability request time frame applying to retirement savings account providers with that of superannuation providers;
Superannuation Guarantee (Administration) Act 1992
  to simplify the superannuation guarantee earnings base arrangements; and
Superannuation Industry (Supervision) Act 1993
  to correct a cross-referencing error in relation to cancellation of registrable superannuation entity licences. Also contains application provisions. 

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Progress

House of Representatives
27 May 2004Introduced and read a first time
27 May 2004Second reading moved
02 Jun 2004Second reading agreed to
02 Jun 2004Third reading agreed to
Senate
15 Jun 2004Introduced and read a first time
15 Jun 2004Second reading moved
23 Jun 2004Second reading amendment agreed to

Details: 1 Opposition agreed to
23 Jun 2004Second reading agreed to
23 Jun 2004Committee of the Whole debate

Amendment details: 2 Opposition agreed to
23 Jun 2004Third reading agreed to
House of Representatives
23 Jun 2004Consideration of Senate message

Details: House disagreed to Senate amendments
Senate
24 Jun 2004Consideration of House of Reps message

Details: Senate insisted on its amendments
House of Representatives
24 Jun 2004Consideration of Senate message

Details: House insisted on disagreeing to Senate amendments and made amendments 1 and 2 in place thereof
Senate
24 Jun 2004Consideration of House of Reps message

Details: Senate did not further insist on its amendments and agreed to House amendments made in place of its amendments


29 Jun 2004Assent

Act no.: 93

Year: 2004

Documents and transcripts

Text of bill

Word Format PDF Format

Explanatory memoranda

Word Format PDF Format

Transcript of speeches

Proposed amendments

House of Representatives
Word Format PDF Format
Word Format PDF Format

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest PDF Format

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Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changed to the bill. For details about the outcome of proposed amendments please refer to either theĀ Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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