Bill
Superannuation Guarantee (Administration) Amendment Bill 2021
lapsed, as at 2022-04-11. (s) KELLY, Craig, MP portfolio.
- Sponsor
- Craig Kelly
- Portfolio
- (s) KELLY, Craig, MP
Recorded stages
- introduced — 2021-10-18
- second reading — 2021-10-18
- other — 2022-04-11
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 2021-10-18.
The bill would allow workers who move into a high-risk job to have their life insurance policy separated from their superannuation account.
It would amend the Superannuation Guarantee (Administration) Act to 'unstaple' the superannuation policy when a worker transfers to a 'dangerous occupation'.
A 'dangerous occupation' is defined as one where the workplace death rate exceeds 2.5 per 100,000 workers each year.
- The bill would 'unstaple' life insurance policies from superannuation accounts when workers move to a dangerous occupation.
- It would define a dangerous occupation by a workplace death rate threshold of more than 2.5 per 100,000 workers per year.
- It would ensure workers have suitable life insurance coverage immediately upon starting a new high-risk job.
Workers who transfer employment into a dangerous occupation are affected.
Sources
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