Treasury Laws Amendment (Putting Members’ Interests First) Bill 2019

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

Track (What's this?)

Permalink

Summary

Amends the: Superannuation Industry (Supervision) Act 1993 to prevent trustees from providing insurance on an opt out basis to members who are under 25 years old and begin to hold a new product on or after 1 October 2019, and to members who hold products with balances below $6000; and Superannuation (Unclaimed Money and Lost Members) Act 1999 to make consequential amendments.

Progress

House of Representatives
Introduced and read a first time 04 Jul 2019
Second reading moved 04 Jul 2019
Second reading debate 12 Sep 2019
Second reading debate 16 Sep 2019
Second reading agreed to 16 Sep 2019
Consideration in detail debate 16 Sep 2019
Third reading agreed to 16 Sep 2019
Senate
Introduced and read a first time 16 Sep 2019
Second reading moved 16 Sep 2019
Second reading debate 18 Sep 2019
Second reading debate 19 Sep 2019
Second reading agreed to 19 Sep 2019
Committee of the Whole debate
  • Amendment details: 16 Government (4 as amended by 4 Pauline Hanson's One Nation) agreed to
19 Sep 2019
Third reading agreed to 19 Sep 2019
House of Representatives
Consideration of Senate message
  • Details: House agreed to Senate amendments
19 Sep 2019
Finally passed both Houses 19 Sep 2019
Assent
  • Act no: 79
  • Year: 2019
02 Oct 2019

Documents and transcripts

Text of bill

Word Format PDF Format HTML Format
Word Format PDF Format HTML Format

Explanatory memoranda

Word Format PDF Format HTML Format
Word Format PDF Format HTML Format

Proposed amendments

House of representatives

Word Format PDF Format HTML Format
Word Format PDF Format HTML Format
Word Format PDF Format HTML Format

Senate

Word Format PDF Format HTML Format
Word Format PDF Format HTML Format
Word Format PDF Format HTML Format
Word Format PDF Format HTML Format
Word Format PDF Format HTML Format
Word Format PDF Format HTML Format
Word Format PDF Format HTML Format
Word Format PDF Format HTML Format

Schedules of amendments

Word Format PDF Format HTML Format

Bills digest

PDF Format HTML Format

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.