House of Representatives

Second Reading Speech

Mr Slipper (Parliamentary Secretary to the Minister for Finance and Administration)

I move:

That this bill be now read a second time.

The Superannuation Guarantee Charge Amendment Bill 2002, in conjunction with the Taxation Laws Amendment (Superannuation) Bill (No. 2) 2002, establishes the basis for requiring employers to make at least quarterly superannuation contributions on behalf of their employees. These amendments will enable the superannuation guarantee charge, which underpins the compulsory superannuation arrangements, t

Full details of the measures in this bill are included in the explanatory memorandum for the Taxation Laws Amendment (Superannuation) Bill (No. 2) 2002. I commend the bill to the House.

Debate (on motion by Mr Snowdon) adjourned.