Superannuation Budget Measures Bill 2004

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
40

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Summary

Amends the: Superannuation (Government Co-contribution for Low Income Earners) Act 2003 to: increase the level of Government matching of personal superannuation contributions; increase the maximum amount of co-contribution available; increase the income level up to which the maximum co-contribution applies; and reduce the rate by which the maximum co-contribution phases out; and 3 Acts to reduce the maximum surcharge rates over the next 3 financial years; and 5 Acts to reduce the superannuation surcharge cap. Also contains application provisions.

Progress

House of Representatives
Introduced and read a first time 13 May 2004
Second reading moved 13 May 2004
Second reading agreed to 26 May 2004
Third reading agreed to 26 May 2004
Senate
Introduced and read a first time 15 Jun 2004
Second reading moved 15 Jun 2004
Second reading agreed to 24 Jun 2004
Committee of the Whole debate
  • Amendment details: 3 Independent (Senator Murphy) agreed to
24 Jun 2004
Third reading agreed to 24 Jun 2004
House of Representatives
Consideration of Senate message
  • Details: House disagreed to Senate amendments
25 Jun 2004
Senate
Consideration of House of Reps message
  • Details: Senate did not insist on its amendments and agreed to 13 Independent (Senator Murphy) amendments in their place
25 Jun 2004
House of Representatives
Consideration of Senate message
  • Details: House agreed to Senate further amendments
25 Jun 2004
Assent
  • Act no.: 106
  • Year: 2004
30 Jun 2004

Documents and transcripts

Text of bill

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Explanatory memoranda

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Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

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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.