28 Nov 2019 Bills before the House of Representatives
Treasury Laws Amendment (Your Superannuation, Your Choice) Bill 2019: This Bill reintroduces amendments to the SGAA 1992 that were previously introduced into the 45th Parliament on 14 September 2017 through Schedule 1 to the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 2) Bill 2017.
The amendments ensure employees under workplace determinations or enterprise agreements have an opportunity to choose the superannuation fund for their compulsory employer contributions.
Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019: The Bill deals with:
- Phoenixing offences and property transfers to defeat creditors
- Improving the accountability of resigning directors
- GST estimates and director penalties
- Retention of tax refunds.