Summary

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The majority voted in favour of a motion to agree with the main idea of the bill, which is parliamentary jargon for reading it a second time. This means that the bill can now be discussed in greater detail.

What is this bill's main idea?

According to the bill homepage, the bill was introduced to:

  • provide that if a new employee has an existing 'stapled' superannuation fund and does not choose a fund to receive contributions, their employer is required to make contributions on behalf of the employee into the stapled fund; and ensure that employers are not in breach of various rules, or are not liable for superannuation guarantee charge, in certain circumstances;
  • require the Australian Prudential Regulation Authority to conduct an annual performance test for MySuper products and other products to be specified in regulations;
  • require trustees of registrable superannuation entities and self managed superannuation funds and directors of the corporate trustee of a registrable superannuation entity to perform their duties and exercise their powers in the best financial interests of the beneficiaries;
  • reverse the evidential burden of proof for the best financial interests duty so that the onus is on the trustee of a registrable superannuation entity;
  • allow regulations to be made to prohibit certain payments made by trustees of registrable superannuation entities and prescribe additional requirements on trustees and directors of trustee companies of registrable superannuation entities;
  • allow contraventions of record-keeping obligations specified in regulations to be subject to a strict liability offence; and
  • remove an exemption from disclosing information about certain investments under the portfolio holdings disclosure rules.

Votes Passed by a small majority

Nobody rebelled against their party.

Party Votes
Adam Bandt Melbourne Australian Greens No
Australian Labor Party (84% turnout) 0 Yes 57 No
Anne Aly Cowan No
Sharon Bird Cunningham No
Chris Bowen McMahon No
Tony Burke Watson No
Linda Burney Barton No
Josh Burns Macnamara No
Mark Butler Hindmarsh No
Terri Butler Griffith No
Anthony Byrne Holt No
Jim Chalmers Rankin No
Jason Clare Blaxland No
Sharon Claydon Newcastle No
Libby Coker Corangamite No
Julie Collins Franklin No
Pat Conroy Shortland No
Milton Dick Oxley No
Mark Dreyfus Isaacs No
Justine Elliot Richmond No
Mike Freelander Macarthur No
Steve Georganas Adelaide No
Andrew Giles Scullin No
Patrick Gorman Perth No
Luke Gosling Solomon No
Chris Hayes Fowler No
Julian Hill Bruce No
Ed Husic Chifley No
Stephen Jones Whitlam No
Ged Kearney Cooper No
Matt Keogh Burt No
Peter Khalil Wills No
Catherine King Ballarat No
Madeleine King Brand No
Andrew Leigh Fenner No
Richard Marles Corio No
Kristy McBain Eden-Monaro No
Emma McBride Dobell No
Brian Mitchell Lyons No
Peta Murphy Dunkley No
Julie Owens Parramatta No
Alicia Payne Canberra No
Graham Perrett Moreton No
Fiona Phillips Gilmore No
Tanya Plibersek Sydney No
Amanda Rishworth Kingston No
Michelle Rowland Greenway No
Joanne Ryan Lalor No
Bill Shorten Maribyrnong No
David Smith Bean No
Warren Snowdon Lingiari No
Anne Stanley Werriwa No
Meryl Swanson Paterson No
Susan Templeman Macquarie No
Matt Thistlethwaite Kingsford Smith No
Tim Watts Gellibrand No
Anika Wells Lilley No
Josh Wilson Fremantle No
Tony Zappia Makin No
Anthony Albanese Grayndler Absent
Nick Champion Spence Absent
Lisa Chesters Bendigo Absent
Joel Fitzgibbon Hunter Absent
Rob Mitchell McEwen Absent
Daniel Mulino Fraser Absent
Shayne Neumann Blair Absent
Brendan O'Connor Gorton Absent
Clare O'Neil Hotham Absent
Kate Thwaites Jagajaga Absent
Maria Vamvakinou Calwell Absent
Rebekha Sharkie Mayo Centre Alliance Yes
Mark Coulton Parkes Deputy Speaker Yes
Andrew Wilkie Clark Independent Yes
Helen Haines Indi Independent No
Craig Kelly Hughes Independent No
Zali Steggall Warringah Independent No
Bob Katter Kennedy Katter's Australian Party Yes
Liberal National Party (100% turnout) 5 Yes 0 No
Angie Bell Moncrieff Yes
Garth Hamilton Groom Yes
Julian Simmonds Ryan Yes
Phillip Thompson Herbert Yes
Terry Young Longman Yes
Liberal Party (81% turnout) 44 Yes 0 No
John Alexander Bennelong Yes
Katie Allen Higgins Yes
Karen Andrews McPherson Yes
Kevin Andrews Menzies Yes
Bridget Archer Bass Yes
Russell Broadbent Monash Yes
Scott Buchholz Wright Yes
David Coleman Banks Yes
Vince Connelly Stirling Yes
Peter Dutton Dickson Yes
Paul Fletcher Bradfield Yes
Nicolle Flint Boothby Yes
Josh Frydenberg Kooyong Yes
Celia Hammond Curtin Yes
Andrew Hastie Canning Yes
Alex Hawke Mitchell Yes
Luke Howarth Petrie Yes
Greg Hunt Flinders Yes
Steve Irons Swan Yes
Andrew Laming Bowman Yes
Sussan Ley Farrer Yes
Gladys Liu Chisholm Yes
Nola Marino Forrest Yes
Fiona Martin Reid Yes
Melissa McIntosh Lindsay Yes
Ben Morton Tangney Yes
Ted O'Brien Fairfax Yes
Tony Pasin Barker Yes
Gavin Pearce Braddon Yes
Christian Porter Pearce Yes
Melissa Price Durack Yes
Rowan Ramsey Grey Yes
Stuart Robert Fadden Yes
Dave Sharma Wentworth Yes
Michael Sukkar Deakin Yes
Angus Taylor Hume Yes
Dan Tehan Wannon Yes
Alan Tudge Aston Yes
Bert Van Manen Forde Yes
Andrew Wallace Fisher Yes
Rick Wilson O'Connor Yes
Tim Wilson Goldstein Yes
Ken Wyatt Hasluck Yes
Trent Zimmerman North Sydney Yes
Warren Entsch Leichhardt Absent
Trevor Evans Brisbane Absent
Jason Falinski Mackellar Absent
Ian Goodenough Moore Absent
Julian Leeser Berowra Absent
Scott Morrison Cook Absent
James Stevens Sturt Absent
Ross Vasta Bonner Absent
Lucy Wicks Robertson Absent
Jason Wood La Trobe Absent
National Party (93% turnout) 14 Yes 0 No
Darren Chester Gippsland Yes
George Christensen Dawson Yes
Pat Conaghan Cowper Yes
Damian Drum Nicholls Yes
Andrew Gee Calare Yes
David Gillespie Lyne Yes
Kevin Hogan Page Yes
Barnaby Joyce New England Yes
Michelle Landry Capricornia Yes
David Littleproud Maranoa Yes
Michael McCormack Riverina Yes
Ken O'Dowd Flynn Yes
Keith Pitt Hinkler Yes
Anne Webster Mallee Yes
Llew O'Brien Wide Bay Absent
Tony Smith Casey Speaker Absent
Totals (85% turnout) 67 Yes – 61 No