19th Sep 2019, 4:25 PM – Representatives Treasury Laws Amendment (Putting Members' Interests First) Bill 2019 - Consideration of Senate Message - Labor amendments

The majority voted against amendments moved by the Member for Whitlam Stephen Jones (Labor), which means they failed. The amendments would have pushed back the commencement day of this legislation to January 2020 and inserted:

an amendment to the government's amendment which requires that trustees make a decision on the basis of their reasonable belief. That will enable them to identify, with as much precision as the fund is able to, the members who are identified by the government as deserving default life cover. It also provides the trustees and the funds some protection against adverse action by an individual member or their dependant who has either been defaulted in and who shouldn't have been or defaulted out and shouldn't have been.

Amendments text

(1) Amendment (1), omit “November 2019”, insert “January 2020”.

(2) Amendment (4), item 3A, paragraph 68AAF(1)(c), before “the member”, insert “it is reasonable to conclude”.

(4) Amendment (6), omit “ November 2019 ”, substitute “ January 2020 ”.

(5) Amendment (7), omit “November 2019”, substitute “January 2020”.

(6) Amendment (8), omit “December 2019”, substitute “February 2020”.

(8) Amendment (10), omit “November 2019”, substitute “January 2020”.

(9) Amendment (11), omit “November 2019”, substitute “January 2020”.

(10) Amendment (12), omit “November 2019”, substitute “January 2020”.

(11) Amendment (13), omit “November 2019”, substitute “January 2020”.

(13) Amendment (15), omit “November 2019”, substitute “January 2020”.