Senate

Supplementary Explanatory Memorandum relating to sheet PM122

(Circulated by authority of the Treasurer, the Hon Josh Frydenberg MP)

Chapter 2 - Statement of Compatibility with Human Rights

Prepared in accordance with Part 3 of the Human Rights (Parliamentary Scrutiny) Act 2011

Amendments to the Treasury Laws Amendment (Your Future, Your Super) Bill 2021

2.1 These amendments are compatible with the human rights and freedoms recognised or declared in the international instruments listed in section 3 of the Human Rights (Parliamentary Scrutiny) Act 2011.

Overview

2.2 The amendments to the Bill delay the start date of Schedule 1 to the Bill, so that the single default account amendments apply in relation to employees who commence employment on or after 1 November 2021. The amendments to the Bill also make technical corrections to Schedules 2 and 3 to the Bill.

Human rights implications

2.3 The amendments do not engage any of the applicable rights or freedoms.

Conclusion

2.4 The amendments are compatible with human rights as they do not raise any human rights issues.