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senate vote 2019-02-14#14
Edited by
mackay staff
on
2023-05-05 12:54:59
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Title
Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Bill 2017 - Second Reading - Connected entity & directions to an RSE licensee in relation to licensee’s own conduct- Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Bill 2017 - Second Reading - Connected entity & RSE licensee
Description
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senate vote 2019-02-14#14
Edited by
mackay staff
on
2023-05-05 12:54:32
|
Title
Bills — Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Bill 2017; Second Reading- Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Bill 2017 - Second Reading - Connected entity & directions to an RSE licensee in relation to licensee’s own conduct
Description
<p class='motion-notice motion-notice-truncated'>Long debate text truncated.</p>-
- The majority voted in favour of [Opposition amendments (8) and (9)](https://www.openaustralia.org.au/senate/?gid=2019-02-14.262.1), meaning that the Opposition amendment was successful.
- ### Amendment text
- > *ADDITIONAL RELATED AMENDMENTS TO THE BILL*
- >
- > *(8) Schedule 5 , page 22 (after line 8) , after item 2 , insert:*
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- >> *2A Subsection 10(1) (definition of connected entity )*
- >>
- >> *Repeal the definition, substitute:*
- >>
- >>> *connected entity , in relation to an RSE licensee of a registrable superannuation entity, means:*
- >>>
- >>>> *(a) an associated entity (within the meaning of the Corporations Act 2001 ) of the RSE licensee; and*
- >>>>
- >>>> *(b) if the RSE licensee is a group of individual trustees—an entity that has the capacity to determine or influence decisions made by one or more members of the group in relation to the registrable superannuation entity; and*
- >>>>
- >>>> *(c) any other entity of a kind prescribed by the regulations.*
- >
- > *(9) Schedule 5, item 11, page 23 (after line 24), after paragraph 131D(1)(c), insert:*
- >
- >> *(ca) the RSE licensee, or the registrable superannuation entity of the RSE licensee, has failed to meet a benchmark that relates to the licensee or entity; or*
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