Fair Work Amendment (Recovering Unpaid Superannuation) Bill 2017

Type
Private
Sponsor(s)
SHARKIE, Rebekha, MP
Originating house
House of Representatives
Status
Before Reps
Parliament no
45

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Summary

Amends the: Fair Work Act 2009 to: allow for minimum standards under the National Employment Standards to relate to superannuation contributions; and require employers to provide information to employees in relation to employer superannuation contributions for each pay period; Superannuation Guarantee (Administration) Act 1992 to: clarify that amounts contributed to a superannuation fund by an employee or Retirement Savings Account under a salary sacrifice arrangement are not employer contributions; remove the current exemption for employers not to make superannuation contributions to employees who are paid less than $450 in a calendar month; remove certain restrictions on choice of superannuation fund; and provide for a review of employers’ compliance with superannuation payment obligations by the Commissioner of Taxation; Superannuation Industry (Supervision) Act 1993 to create a duty for trustees of superannuation entities to take reasonable steps to notify their members when it could reasonably have expected them to have received a contribution from an employer, but did not; and Taxation Administration Act 1953 to require additional information to be provided to the commissioner in annual member information statements.

Progress

House of Representatives
Introduced and read a first time 11 Sep 2017
Second reading moved 11 Sep 2017

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

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.