All changes made to the description and title of this
division.
View division
|
Edit description
| Change |
Division |
|
senate vote 2019-02-14#16
Edited by
mackay staff
on
2019-10-04 14:32:37
|
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 - Retail funds
Description
<p class='motion-notice motion-notice-truncated'>Long debate text truncated.</p>- The majority voted against [amendments](https://www.openaustralia.org.au/senate/?gid=2019-02-14.264.1) introduced by Tasmanian Senator [Peter Whish-Wilson](https://theyvoteforyou.org.au/people/senate/tasmania/peter_whish-wilson) (Greens), which means they failed.
- ### Amendments text
- > *(1) Clause 2, page 2 (at the end of the table), add:*
- >
- >> *5. Schedule 9 1 July 2020.*
- >>
- >> *[retail funds]*
- >
- > *(2) Page 52 (after line 3), at the end of the Bill, add:*
- >
- >> *Schedule 9—Amendments commencing on 1 July 2020*
- >>
- >> *Superannuation Guarantee (Administration) Act 1992*
- >>
- >> *1 At the end of subsection 32C(2)*
- >>
- >> *Add:*
- >>
- >> *; and (f) the trustee of the fund is not any of the following:*
- >>
- >>> *(i) an ADI within the meaning of the Banking Act 1959;*
- >>>
- >>> *(ii) a related body corporate (within the meaning of that Act) of such an ADI;*
- >>>
- >>> *(iii) a subsidiary (within the meaning of that Act) of such an ADI;*
- >>>
- >>> *(iv) an associate (within the meaning of the Superannuation Industry (Supervision) Act 1993) of such an ADI.*
- >>
- >> *Superannuation Industry (Supervision) Act 1993*
- >>
- >> *2 Subsection 29S(1)*
- >>
- >> *After "RSE licensee", insert "(other than an ineligible licensee)".*
- >>
- >> *3 At the end of section 29S*
- >>
- >> *Add:*
- >>
- >>> *Ineligible licensee*
- >>>
- >>> *(8) In this section:*
- >>>
- >>> *ineligible licensee means an RSE licensee that is:*
- >>>
- >>> *(a) an ADI within the meaning of the Banking Act 1959; or*
- >>>
- >>> *(b) a related body corporate (within the meaning of that Act) of such an ADI; or*
- >>>
- >>> *(c) a subsidiary (within the meaning of that Act) of such an ADI; or*
- >>>
- >>> *(d) an associate of such an ADI.*
- >>
- >> *[retail funds]*
|