STATUTES AMENDMENT AND REPEAL (SUPERANNUATION) BILL

Final Stages

The Legislative Council agreed to the bill with the amendments indicated by the following schedule, to which amendments the Legislative Council desires the concurrence of the House of Assembly:

No. 1. New clause, page 6, after line 4—After clause 13 insert:

13A—Amendment of section 21—Payments by employers

(1) Section 21—after subsection (3) insert:

(3a) Subsections (1) and (2) do not apply in relation to a person who is a member of a prescribed scheme (irrespective of whether the person is also a member of the Triple S scheme).

(3b) If an employer is not required to pay an amount in relation to a person under this section because the person is a member of a prescribed scheme, any payment the employer is required to make on behalf of the person under the Commonwealth Act must be made to the prescribed scheme.

(2) Section 21(5)—after the definition of employer insert:

prescribed scheme means a superannuation fund or scheme prescribed by regulation for the purposes of this definition.

No. 2. Clause 18, page 7, lines 11 to 13 [clause 18(1)]—Delete subclause (1)

No. 3. Clause 18, page 7, lines 16 to 21 [clause 18(3) to (5)]—Delete subclauses (3) to (5) (inclusive)

No. 4. Clause 21, page 9, lines 24 to 26—Delete the clause

No. 5. Clause 22, page 9, lines 27 to 29—Delete the clause

No. 6. Clause 25, page 10, lines 23 to 29—Delete the clause

No. 7. Clause 27, page 10, lines 35 and 36—Delete the clause

No. 8. Clause 28, page 11, line 1 to page 17, line 9—Delete the clause

No. 9. Clause 30, page 19, lines 21 to 26 [clause 30(3)]—Delete subclause (3)

No. 10. Clause 32, page 19, lines 31 to 35 [clause 32(1) and (2)]—Delete subclauses (1) and (2) and substitute:

Section 20B(1)—delete 'established' and substitute 'managed'