House debates

Wednesday, 22 August 2012

Bills

Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2011; Consideration in Detail

12:22 pm

Photo of Bruce BillsonBruce Billson (Dunkley, Liberal Party, Shadow Minister for Small Business, Competition Policy and Consumer Affairs) Share this | Hansard source

The Greens amendments seek to prohibit moving an individual's investment from a tailored MySuper product into another without their consent. This means that, if an employee who is defaulting into their employer's superannuation fund leaves a large employer, then the superannuation fund will no longer be able to switch them out to another public MySuper product. We understand the government is planning to support these Greens amendments, and the coalition has no objection to them.

Question agreed to.

Comments

No comments