Superannuation Legislation Amendment Bill 2010

Type
Government
Portfolio
Treasury 
Originating house
House of Representatives 
Status
Act 
Parliament no
43
Summary
Amends the:
Superannuation (Unclaimed Money and Lost Members) Act 1999
  and
Income Tax Assessment Act 1997
  in relation to the transfer of unclaimed superannuation monies from states and territories to the Commissioner of Taxation;
Income Tax Assessment Act 1997
  and
Income Tax (Transitional Provisions) Act 1997
  to provide transitional relief from income tax deductibility of total and permanent disability insurance premiums paid by superannuation funds;
Superannuation Industry (Supervision) Act 1993
  in relation to superannuation and relationship breakdowns;
Income Tax Assessment Act 1997
  and
Tax Laws Amendment (2009 Measures No. 6) Act 2010
  in relation to deduction notices for successor funds;
Income Tax Assessment Act 1997
  in relation to: deductible employer contributions for former employees; excess contributions tax assessments; and treatment of untaxed elements of public sector defined benefit schemes;
Taxation Administration Act 1953
  to clarify the due date of the shortfall interest charge for excess contributions tax; and
Superannuation (Unclaimed Money and Lost Members) Act 1999
  to change references to the Immigration Secretary and Immigration Department. Also makes consequential amendments. 

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Progress

House of Representatives
29 Sep 2010Introduced and read a first time
29 Sep 2010Second reading moved
19 Oct 2010Second reading debate
19 Oct 2010Second reading agreed to
19 Oct 2010Third reading agreed to
Senate
25 Oct 2010Introduced and read a first time
25 Oct 2010Second reading moved
25 Oct 2010Second reading debate
25 Oct 2010Second reading agreed to
25 Oct 2010Third reading agreed to


25 Oct 2010Text of bill as passed both Houses
16 Nov 2010Assent

Act no.: 117

Year: 2010

Documents and transcripts

Text of bill

Word Format PDF Format
Word Format PDF Format

Explanatory memoranda

Word Format PDF Format

Transcript of speeches

Proposed amendments

No documents at present

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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