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Second Reading Speeches

Treasury Laws Amendment (Reuniting More Superannuation) Bill 2020

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Before Senate
Parliament no
46

Track (What's this?)

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Summary

Amends the:

Retirement Savings Accounts Act 1997
,
Superannuation Industry (Supervision) Act 1993
and
Superannuation (Unclaimed Money and Lost Members) Act 1999
to: facilitate the closure of eligible rollover funds by 30 June 2021; and enable the Commissioner of Taxation to reunite amounts he or she receives from eligible rollover funds with a member's active account; and
Income Tax Assessment Act 1997
and
Taxation Administration Act 1953
to make consequential amendments.