Treasury Laws Amendment (Self Managed Superannuation Funds) Bill 2020

Type
Government
Portfolio
Treasury
Originating house
Senate
Status
Act
Parliament no
46

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Summary

Amends the: Superannuation Industry (Supervision) Act 1993 to increase the maximum number of allowable members from four to six in self managed superannuation funds and small APRA funds; and Corporations Act 2001, Income Tax Assessment Act 1997, Superannuation Industry (Supervision) Act 1993 and Superannuation (Unclaimed Money and Lost Members) Act 1999 to make consequential amendments.

Progress

Senate
Introduced and read a first time 02 Sep 2020
Second reading moved 02 Sep 2020
Second reading debate 16 Jun 2021
Second reading agreed to 17 Jun 2021
Committee of the Whole debate 17 Jun 2021
Third reading agreed to 17 Jun 2021
House of Representatives
Introduced and read a first time 17 Jun 2021
Second reading moved 17 Jun 2021
Second reading debate 17 Jun 2021
Second reading agreed to 17 Jun 2021
Third reading agreed to 17 Jun 2021
Finally passed both Houses 17 Jun 2021
Assent
  • Act no: 47
  • Year: 2021
22 Jun 2021

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

Senate

Schedules of amendments

No documents at present

Notes

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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