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Treasury Laws Amendment (Reuniting More Superannuation) Bill 2020

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

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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.

Progress

House of Representatives
Introduced and read a first time 06 Feb 2020
Second reading moved 06 Feb 2020
Second reading debate 11 Feb 2020
Second reading agreed to 11 Feb 2020
Third reading agreed to 11 Feb 2020
Senate
Introduced and read a first time 12 Feb 2020
Second reading moved 12 Feb 2020
Second reading debate 24 Feb 2021
Second reading debate 25 Feb 2021
Second reading agreed to 25 Feb 2021
Committee of the Whole debate
  • Amendment details: 14 Government agreed to
  • Requests details: 2 Government agreed to
25 Feb 2021
Bill agreed to, subject to requests 25 Feb 2021
House of Representatives
Consideration of Senate message
  • Details: House made Senate requested amendments
25 Feb 2021
Senate
Third reading agreed to 15 Mar 2021
House of Representatives
Consideration of Senate message
  • Details: House agreed to Senate amendments
16 Mar 2021
Finally passed both Houses 16 Mar 2021
Assent
  • Act no: 24
  • Year: 2021
22 Mar 2021

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

Senate

Schedules of amendments

Bills digest

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.