Bill
Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019
passed, as at 2019-10-02. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2019-07-24
- second reading — 2019-07-24
- second reading — 2019-09-12
- second reading — 2019-09-12
- third reading — 2019-09-12
- introduced — 2019-09-12
- second reading — 2019-09-12
- second reading — 2019-09-19
- second reading — 2019-09-19
- third reading — 2019-09-19
- passed — 2019-09-19
- royal assent — 2019-10-02
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2019-07-24.
This bill would let workers with more than one employer avoid accidentally exceeding their tax-advantaged superannuation contribution limit.
Employees could ask the Commissioner for a certificate that stops a particular employer from having to make super contributions, and instead negotiate for extra pay or other benefits.
The change applies to the Superannuation Guarantee (Administration) Act 1992.
- Allows individuals to opt out of the superannuation guarantee regime for a specific employer.
- Creates a process for employees to apply for an employer shortfall exemption certificate.
- Lets employees receive additional cash or non-cash remuneration instead of super contributions.
Workers with multiple employers and their employers.
Sources
em
billhome
frl act