Superannuation Legislation Amendment (Trustee Governance) Bill 2015

Originating house
House of Representatives
Not Proceeding
Parliament no

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Amends the Superannuation Industry (Supervision) Act 1993 to require trustees of registrable superannuation entity licensees to have a minimum of one-third independent directors and an independent chair on their boards; and make consequential amendments; and the Governance of Australian Government Superannuation Schemes Act 2011 to restructure the board of the Commonwealth Superannuation Corporation by reducing the number of directors from eleven to nine and providing for the majority of the directors to be independent.


House of Representatives
Introduced and read a first time 16 Sep 2015
Second reading moved 16 Sep 2015
Second reading debate 19 Oct 2015
Second reading debate 20 Oct 2015
Second reading agreed to 20 Oct 2015
Third reading agreed to 20 Oct 2015
Introduced and read a first time 09 Nov 2015
Second reading moved 09 Nov 2015
Second reading debate 25 Nov 2015
Second reading agreed to 25 Nov 2015
Lapsed at prorogation 17 Apr 2016

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments


Schedules of amendments

No documents at present

Bills digest


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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