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Second Reading Speeches

Superannuation Guarantee (Administration) Amendment Bill 2011

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
43

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Summary

Part of a package of 11 bills, the bill amends the

Superannuation Guarantee (Administration) Act 1992
to: increase the superannuation guarantee age of an employee at which the superannuation guarantee no longer needs to be provided from 70 to 75 years of age; and incrementally increase the superannuation guarantee charge percentage from 9 per cent to reach 12 per cent in the 2019-20 financial year.