Division
Sue Lines The question is that the government amendments, as amended, be agreed to. Question agreed to. Peter Whish-Wilson by leave—I move the Greens amendments (1) to (19) on sheet 8655: (1) Schedule 1, item 1, page 3 (line 8), at the end of the heading to section 68AAB, add "in relation to choice products". (2) Schedule 1, item 1, page 3 (line 11), omit "or MySuper product". (3) Schedule 1, item 1, page 3 (lines 26 and 27), omit "or MySuper product". (4) Schedule 1, item 1, page 4 (line 30), omit "or MySuper product". (5) Schedule 1, item 1, page 4 (line 33), at the end of the heading to section 68AAC, add "in relation to choice products". (6) Schedule 1, item 1, page 5 (line 1), omit "or MySuper product". (7) Schedule 1, item 1, page 5 (lines 11 and 12), omit "or MySuper product". (8) Schedule 1, item 1, page 5 (after line 29), after section 69AAC, insert: 68AACA Benefits providing by taking out insurance—MySuper members with low -balance account or who are under 25 years old (1) Each trustee of a regulated superannuation fund must ensure that a benefit is not provided by the fund to, or in respect of, a member of the fund under a MySuper product held by the member by taking out or maintaining insurance if: (a) both of the following apply: (i) the member has an account balance with the fund that relates to the product that is less than $6,000; (ii) on or after 1 November 2019, the member has not had an account balance with the fund that relates to the product that was equal to or greater than $6,000; or (b) the member is under the age of 25 years. (2) This section does not apply to: (a) a defined benefit member; or (b) an ADF Super member (within the meaning of the _Australian Defence Force Superannuation Act 2015_); or (c) a person who would be an ADF Super member apart from the fact that the regulated superannuation fund is or was, for the purposes of Part 3A of the _Superannuation Guarantee (Administration) Act 1992_, a chosen fund for contributions for the pe
Senate, 2019-09-19. negative: ayes 28, noes 32.
Question
Sue Lines The question is that the government amendments, as amended, be agreed to. Question agreed to. Peter Whish-Wilson by leave—I move the Greens amendments (1) to (19) on sheet 8655: (1) Schedule 1, item 1, page 3 (line 8), at the end of the heading to section 68AAB, add "in relation to choice products". (2) Schedule 1, item 1, page 3 (line 11), omit "or MySuper product". (3) Schedule 1, item 1, page 3 (lines 26 and 27), omit "or MySuper product". (4) Schedule 1, item 1, page 4 (line 30), omit "or MySuper product". (5) Schedule 1, item 1, page 4 (line 33), at the end of the heading to section 68AAC, add "in relation to choice products". (6) Schedule 1, item 1, page 5 (line 1), omit "or MySuper product". (7) Schedule 1, item 1, page 5 (lines 11 and 12), omit "or MySuper product". (8) Schedule 1, item 1, page 5 (after line 29), after section 69AAC, insert: 68AACA Benefits providing by taking out insurance—MySuper members with low -balance account or who are under 25 years old (1) Each trustee of a regulated superannuation fund must ensure that a benefit is not provided by the fund to, or in respect of, a member of the fund under a MySuper product held by the member by taking out or maintaining insurance if: (a) both of the following apply: (i) the member has an account balance with the fund that relates to the product that is less than $6,000; (ii) on or after 1 November 2019, the member has not had an account balance with the fund that relates to the product that was equal to or greater than $6,000; or (b) the member is under the age of 25 years. (2) This section does not apply to: (a) a defined benefit member; or (b) an ADF Super member (within the meaning of the _Australian Defence Force Superannuation Act 2015_); or (c) a person who would be an ADF Super member apart from the fact that the regulated superannuation fund is or was, for the purposes of Part 3A of the _Superannuation Guarantee (Administration) Act 1992_, a chosen fund for contributions for the pe
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