Bill Shorten (Maribyrnong, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

This is why the Gillard government is committed to lifting the superannuation guarantee from nine to 12 per cent. The bills deal with the formal transfer of responsibility for the general administration of the early release of superannuation on compassionate grounds. The responsibility currently resides with the Australian Prudential Regulation Authority. The transfer is simply a change to the administrator of the function of determining eligibility for early release. I commend the bill to the House.

Question agreed to.

Bill read a second time.

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