Senate

Superannuation Legislation Amendment (Service Providers and Other Governance Measures) Bill 2012

Superannuation Legislation Amendment (Service Providers and Other Governance Measures) Act 2013

Revised Explanatory Memorandum

(Circulated by the authority of the Minister for Financial Services and Superannuation, the Hon Bill Shorten MP)
This memorandum takes account of amendments made by the House of Representatives to the Bill as introduced

Index

Schedule 1: Amendments

Bill reference Paragraph number
Item 1, paragraph 211(3)(a) 6.12
Item 2, subsection 556(2) 6.11
Item 3, paragraph 596AA(2)(b) 6.13
Item 4, paragraph 912A(1)(d) and item 6, subsections 912A(4) and (6) 4.10
Item 5, paragraph 912A(1)(h) and item 6, subsections 912A(5) and (6) 4.11
Item 7, subsection 947D(1) 6.43
Item 8, section 947D 6.44
Item 8, subsection 947D(5) and item 10, subsection 1017B(9) 6.48
Item 9, subsection 964(3) 6.91
Item 10A, paragraph 1017BA(1)(c)
Item 10B, subsection 1017BA(2)
Item 10C, subsection 1017BA(3)
Item 10D, subsection 1017BA(4A)
Item 10E, subsection 1017BA(5) (definition of quarter )
Item 11, subsection 1526(2) 6.93
Item 12, section 1538B 6.45
Item 12, section 1538A 6.14
Item 12A, section 1540
Item 12B, subsection 155A(2); item 12C, subsection 155A(3); item 12D, paragraph 155A(3)(a); item 12E, subsection 155A(4); item 12F, subsection 155A(5); item 12G, paragraph 155A(5)(a); item 12H, clause 10 of Schedule 1 (heading); item 12J, subclause 10(2) of Schedule 1; item 12K, clause 11 of Schedule 1 (heading); items 12L and 12M, subclause 11(2) of Schedule 1; item 12N, subclause 11(3) of Schedule 1; item 12P, clause 12 of Schedule 1; item 41A, subsection 29U(4); item 47A, section 29XC; item 119A, subitem 13(1) of Schedule 4; item 119B, subitem 13(3) of Schedule 4 (definition of FWA ); and item 119C, subitem 13(3) of Schedule 4
Item 13, section 18 6.16
Item 14, section 93 6.17
Item 15, paragraph 114(2)(aa) 6.19
Item 16, paragraph 115(b); item 17, paragraph 115(ba); and item 18, paragraph 115(b) 6.21
Items 19 and 20, paragraph 115(d) 6.22
Item 21, paragraph 115(g) 6.23
Items 22 and 23, paragraph 115(k) 6.24
Item 24, paragraph 116(ba) 6.25
Item 25, subsection 119(3) 6.26
Item 26, subsection 120(3) 6.28
Item 26, subsections 120(2) and (4) 6.29
Item 27, section 4 2.24
Item 28, subparagraph 6(1)(a)(x) 2.25
Items 29, 33, 35 and 36, subsection 10(1) and item 105, paragraphs 131B(1)(a) and (b) 6.81
Items 30, 34 and 37, subsection 10(1) 6.77
Item 31, subsection 10(1) 2.22
Item 32, subsection 10(1) 6.100
Item 38, paragraph 29T(1)(j) and item 41, paragraph 29U(2)(e) 6.38
Item 39, paragraph 29TC(1)(g) 6.46
Item 39A, subsection 29TC(1)
Item 40, paragraph 29U(2)(b) 6.36
Item 41B, subsection 29VA(8)
Item 42, paragraph 29VB(1)(aa) 6.39
Item 42A, paragraph 29VB(1)(b)
Item 42B, section 29VE
Item 43, subsection 29VPA(6) 5.17
Item 43, section 29VP 5.18
Item 43, section 29VPA 5.14
Item 43, subsection 29VPA(5) 5.15
Item 43, subsections 29VPA(4) and (6) 5.16
Item 44, paragraph 29WA(1)(c) and item 46, subsection 29WA(4) 6.40
Item 45, subsection 29WA(2) 6.42
Item 47, section 29WB 6.37
Item 48, before section 35 and item 49, sections 35A, 35AB, 35AC and 35AD 6.63
Item 49, section 35AE and item 49, section 35A 6.76
Item 49, subsection 35A(8) 6.64
Item 49, section 35AB and item 57, subsection 35C(2) 6.65
Item 49, subsection 35AB(3) 6.66
Item 49, section 35AC 6.68
Item 49, section 35AD 6.69
Item 51, section 35C, item 50, section 35B and item 60, section 35D 6.84
Items 52, 54 and 55, subsection 35C(1) 6.85
Item 53, subsection 35C(1) 6.78
Item 56, subsection 35C(1A) 6.86
Item 58, subsection 35C(5) 6.87
Item 59, subsection 35C(7) 6.88
Item 61, section 36 and item 49, section 35AC 6.74
Item 62, before subsection 55(1), item 63 before subsection 55(2), item 64 before subsection 55(3) and item 67, before subsection 55(5) 5.12
Item 65, subsection 55(3) and item 66, subsection 55(4A) 5.9
Item 66, subsection 55(4C) 5.11
Item 66, subsections 55(4B)and 55(4D) 5.10
Item 68, subsection 55(5) 5.24
Item 68, subsection 58A(2) 1.4
Item 69, subsection 55(6) 5.25
Item 70, subsections 56(2) and 57(2) and item 71, paragraphs 56(2)(b) and 57(2)(b) 2.26
Item 72, subsection 58A(4) 1.7
Item 72, subsection 58A(1) 1.14
Item 72, subsection 58A(5) 1.15
Item 72, subsection 58A(2) 1.5
Item 72, subsection 58A(3) 1.6
Item 72, section 58B and item 130
Item 73, subsections 68C(1) and (2) and 68D(1) and (2) 6.7
Item 73, subsections 68C(3) and 68D(3) 6.8
Item 73, paragraphs 68C(3)(e) and 68D(3)(e) 6.9
Item 74, subparagraph 101(1)(c)(ii) and paragraph 101(1)(e) 3.9
Item 74, paragraph 101(1)(e) 3.10, 3.12, 3.14
Item 74, paragraph 101(1)(d) 3.11
Item 74, subsection 101(1) 3.8
Item 75, subparagraph 107(2)(a)(ii)(DA) and item 76, subparagraph 108(2)(a)(iia) 6.53
Item 77, subsection 126H(6A) 6.54
Item 78, subparagraph 129(1)(a)(i), item 79, paragraph 129(1)(b), item 80, paragraph 130(1)(b), item 81, paragraph 130A(ba), item 82, section 130A , item 83, subparagraphs 130C(1)(a)(i) and (ii), item 84, paragraph 130C(1)(b), item 86, subparagraph 130D(4)(a)(i), item 87, subparagraph 130D(4)(a)(iii), item 89, paragraph 130D(5)(a), item 91, paragraph 130D(6)(a), item 94, paragraph 131AA(2)(c), item 97, subparagraph 131A(1)(a)(i), and item 98, subparagraph 131A(1)(a)(iii) 6.58
Item 88, paragraph 130D(4)(aa) 6.70
Item 90, subsection 130D(5A) 6.55
Item 92, paragraphs 131AA(1)(a) and 131AA(2)(a) and item 85, subsection 130D(3) 6.80
Item 93, paragraph 131AA(2)(ba) 6.71
Item 95, subsection 131AA(2A) 6.56
Item 96, subsection 131A(1) 6.79
Item 99, paragraph 131A(1)(aa) 6.72
Item 100, paragraph 131A(1)(b) 6.82
Item 101, subsection 131A(1A) 6.73
Item 102, subsection 131A(2), item 103, subsection 131A(3), item 104, subsection 131A(4), item 106, paragraph 131B(2A)(a), and item 107, paragraph 131B(2A)(b) 6.83
Item 108, subsection 134(5) 6.57
Item 109, subsections 135(3) and (4) 6.95
Item 110, section 139A 6.32
Item 111, section 139B 6.34
Item 112, subsection 223A(2) 2.9
Item 112, subsection 223A(3) 2.10
Item 112, sections 223B and 223C 2.11
Item 112, section 223D 2.12
Item 112, subsection 224(2) 2.14
Item 112, subsections 224(3) and (4) 2.15
Item 112, subsection 224A(1) 2.16
Item 112, subsection 224A(2) 2.17
Item 112, paragraph 224A(1)(h) and section 224B 2.18
Item 112, section 224C 2.19
Item 112, section 224D 2.20
Item 112, section 224E 2.21
Item 112, Part 22 2.6
Item 112, subsection 223A(1) 2.8
Item 113, section 252B 2.23
Item 114, paragraph 323(1)(b) 5.21, 5.22
Item 115, section 327 6.75
Items 116 and 117, subsection 344(12) 6.97
Item 116, subsection 344(12) 6.101
Item 117, subsection 344(12) 6.102
Item 118, paragraph 389(d) and item 119, paragraph 390(d) 6.103
Item 120, item 11A of Part 2 of Schedule 1 to the Superannuation Legislation Amendment (MySuper Core Provisions) Act 2012 6.104
Item 121, subitem 12(3) , item 122, paragraph 12(5)(b) and item 123, item 13 of Schedule 1 to the Superannuation Legislation Amendment (MySuper Core Provisions) Act 2012 6.106
Item 122, subsection 14(6A) 3.17
Item 122, paragraph 14(6A)(a) 3.18
Items 124 and 127 2.30
Item 125 6.18
Item 129 6.50
Item 129, section 224 2.13
Part 2, item 126(a) 3.20
Part 2, item 126(b) 3.21
Part 2, item 128 3.22

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