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.

Progress

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

Senate
Introduced and read a first time	15 Jun 2004
Second reading moved	15 Jun 2004
Second reading amendment agreed to Details: 1 Opposition agreed to	23 Jun 2004
Second reading agreed to	23 Jun 2004
Committee of the Whole debate Amendment details: 2 Opposition agreed to	23 Jun 2004
Third reading agreed to	23 Jun 2004

House of Representatives
Consideration of Senate message Details: House disagreed to Senate amendments	23 Jun 2004

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

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

Senate
Consideration 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	24 Jun 2004


Assent Act no.: 93 Year: 2004	29 Jun 2004

Documents and transcripts

Text of bill

First reading

Explanatory memoranda

Explanatory Memorandum

Transcript of speeches

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

Bills Digest

Notes

An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)

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 changes to the bill. For details about the outcome of proposed amendments please refer to either the 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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