House debates
Wednesday, 12 February 2020
Bills
Social Services and Other Legislation Amendment (Simplifying Income Reporting and Other Measures) Bill 2020; Second Reading
12:34 pm
David Littleproud (Maranoa, National Party, Minister for Agriculture, Drought and Emergency Management) Share this | Hansard source
Firstly, I would like to thank those members who have contributed to this debate. This bill is the next step in addressing the issues of unintended multiple superannuation accounts by preventing Australians from being forced into having multiple accounts due to their enterprise bargaining agreement or similar determination. This bill will improve outcomes for members by providing a choice of funds across the superannuation industry. The bill will commence on 1 July 2020. I commend the bill to the House.
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