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Bill

Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Bill 2024

passed, as at 2024-10-01. Social Services portfolio.

Sponsor
Not recorded
Portfolio
Social Services

Recorded stages

Divisions

Plain-language summary

Written by a model from the explanatory memorandum; not the record, as at 2024-08-22.

The bill would provide a superannuation payment to people receiving Commonwealth-funded parental leave pay.

The Australian Taxation Office would calculate and pay the contribution using data from Services Australia, without requiring a separate claim from recipients.

Parents of children born on or after 1 July 2025 would be eligible for the payment, which includes a core amount based on the superannuation guarantee rate plus a nominal interest component.

Parents who receive Parental Leave Pay for children born on or after 1 July 2025 would receive the contribution, and employees on unpaid parental leave would have clarified rights to keeping in touch days.

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