25th Aug 2020, 12:54 PM – Senate Treasury Laws Amendment (Your Superannuation, Your Choice) Bill 2019 - in Committee - Superannuation guarantee eligibility threshold

The majority voted against amendments introduced by Queensland Senator Larissa Waters (Greens), which means they failed.

Amendment texts

(1) Schedule 1, page 3 (after line 27), after item 4, insert:

4A Subsection 27(1)

Omit “(1)”.

4B Subsection 27(2)

Repeal the subsection.

(2) Schedule 1, page 4 (after line 16), at the end of the Schedule, add:

8 Application provision

Despite the repeal made by item 4B, subsection 27(2) of the Superannuation Guarantee (Administration) Act 1992 , as in force immediately before the commencement of this Act, continues to apply at and after that time in relation to an employer for an employee if the employer is entitled to a jobkeeper payment (within the meaning of the Coronavirus Economic Response Package (Payments and Benefits) Rules 2020 ) for the employee during the calendar month.

What is the main idea of the bill?

According to the bills digest:

The purpose of the Treasury Laws Amendment (Your Superannuation, Your Choice) Bill 2019 (the Bill) is to amend the Superannuation Guarantee (Administration) Act 1992 (SGAA) to ensure employees under new workplace determinations or enterprise agreements have an opportunity to choose the superannuation fund for their compulsory employer contributions.