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25 Sep 088 Temporary residents’ superannuation Bills introduced

On 25 September 2008, the following 2 Bills were introduced into the House of Representatives:

The Bills implement the Government’s proposed temporary residents’ superannuation measure and amend legislation in respect of superannuation for temporary visa holders.

This measure commences from a day to be fixed by Proclamation, or the first day after a period of six months from when the Bill receives Royal Assent, whichever is earlier. A discussion paper on the proposal was released for public consultation on 5 May 2008: see 2008 TAXVINE No 17 (21) (9 May 2008). The Government’s final decision was announced in the Minister for Superannuation and Corporate Law’s Press Release No 2008/50: see 2008 TAXVINE No 32 (24) (15 August 2008).

For a copy of the Explanatory Memorandum to the 2 Bills, go here.

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