Senate
Superannuation Laws Amendment (MySuper Capital Gains Tax Relief and Other Measures) Bill 2013
Revised Explanatory Memorandum
(Circulated by the authority of the Minister for Financial Services and Superannuation, the Hon Bill Shorten)This memorandum takes account of amendments made by the House of Representatives to the Bill as introduced
Index
Schedule 1: Loss relief and asset roll-over for transfer of amounts to a MySuper product
| Bill reference | Paragraph number |
| Item 1, section 311-10 | 1.36 |
| Item 1, sections 311-1 and 311-5 and subsection 311-10(1) | 1.17 |
| Item 1, subsection 311-10(1) | 1.18 |
| Item 1, subsection 311-10(2) | 1.21 |
| Item 1, paragraphs 311-10(3)(a) and (b) | 1.23 |
| Item 1, paragraph 311-10(3)(c), section 311-15, and paragraph 311-40(1)(b) | 1.25 |
| Item 1, subsection 311-10(4) | 1.26 |
| Item 1, section 311-20 | 1.27 |
| Item 1, sections 311-20 and 311-35 | 1.28 |
| Item 1, subsections 311-20(2) to (4) | 1.29 |
| Item 1, section 311-25 | 1.31 |
| Item 1, paragraph 311-25(c) | 1.32 |
| Item 1, paragraphs 311-30(a),(b) and (d) | 1.33 |
| Item 1, paragraph 311-30(c) | 1.34 |
| Item 1, subparagraphs 311-30(c)(i) and (d)(i) | 1.35 |
| Item 1, section 311-35 | 1.30 |
| Item 1, subsections 311-40(1) and (2) | 1.38 |
| Item 1, section 311-45 | 1.40 |
| Item 1, section 311-50 | 1.48 |
| Item 1, section 311-60 | 1.50 |
| Item 1, subsection 311-55(1) | 1.57 |
| Item 1, subsection 311-55(2) | 1.58 |
| Items 1, 2 and 13, subsection 311-10(4) | 1.51 |
| Item 3, table item 7 in subsection 40-340(1) | 1.46 |
| Item 4, table item 36 in section 112-97 | 1.66 |
| Item 5, table item 11 in subsection 115-30(1) | 1.42 |
| Items 6 and 7, subsections 290-170(6) and 290-180(6) | 1.60 |
| Items 8, 10 and 11, paragraphs 292-25(2)(b) and 292-90(2)(b), and table item 2A in subsection 295-190(1) and table item 2A in subsection 295-490(1) | 1.62 |
| Item 9, subparagraph 293-30(2)(b)(ii) and clause 2, table item 4 | 1.65 |
| Item 12, subsection 995-1(1) (definition of 'accrued default amount') | 1.24 |
| Items 14 to 20, 23 and 24, and clause 2, table items 6 to 8 | 1.52 |
| Items 21 and 22, and subitem 25(1) | 1.54 |
| Subitem 25(2) | 1.55 |
Schedule 2: Sustaining the superannuation contribution concession: consequential amendments for Defence Force superannuation
| Bill reference | Paragraph number |
| Item 1, definition of 'benefit' in subsection 3(1) of the DFRDB Act | 2.7 |
| Item 2, definition of 'release authority lump sum' in subsection 3(1) of the DFRDB Act | 2.8 |
| Items 3 and 4, note in subsections 24(2A) and 32A(4) of the DFRBD Act | 2.9 |
| Item 5, subsection 48(5) of the DFRBD Act | 2.10 |
| Item 6, section 49K of the DFRDB Act | 2.12 |
| Item 6, section 49L of the DFRDB Act and item 7, subsection 124(3) of the DFRDB Act | 2.14 |
| Item 6, section 49M of the DFRDB Act | 2.15 |
| Item 6, section 49N of the DFRDB Act | 2.17 |
| Item 6, section 49P of the DFRDB Act | 2.18 |
| Item 6, section 49Q of the DFRDB Act | 2.19 |
Schedule 3: Default superannuation
| Bill reference | Paragraph number |
| Items 1 and 5 | 3.2 |
| Items 4, 5, 7, 8, 12, 15-20, 22, 23, 25, 27 and 31 | 3.45 |
| Item 10 | 3.47 |
| Item 11, new subsection 149D(1A) | 3.7, 3.12 |
| Items 24, 26 and 28, new paragraph 156H(1)(b), note to new subsection 156H(1) and new subsection 156H(3) | 3.37 |
| Item 30 | 3.9 |
| Item 30, new subsections 156L(3) and (4) | 3.17 |
| Item 30, new section 156M and new paragraph 156N(2)(a) | 3.15 |
| Item 30, new paragraph 156N(2)(b) | 3.16 |
| Item 30, new subsection 156N(3) | 3.18 |
| Item 30, new subsections 156N(4)-(6) | 3.19 |
| Item 30, new subsection 156N(7) | 3.20 |
| Item 30, new subsection 156P(1) | 3.21 |
| Item 30, new subsection 156P(2) | 3.24, 3.31 |
| Item 30, new section 156Q | 3.25 |
| Item 30, new subsection 156R(1) | 3.28 |
| Item 30, new subsection 156R(2) | 3.29 |
| Item 30, new subsection 156R(3) | 3.30 |
| Item 30, new section 156S | 3.32 |
| Item 30, new subsection 156T(1) | 3.33 |
| Item 30, new subsection 156T(2) | 3.34 |
| Item 30, new subsection 156T(3) | 3.35 |
| Item 30, new Subdivision E, new section 156U | 3.44 |
| Item 30, new subsection 156L(1) | 3.11 |
| Item 30, new subsection 156N(1) | 3.14 |
| Item 32, new subsections 617(4) and (5)) | 3.10, 3.22 |
| Item 33, new subsection 620(1A) | 3.23 |
| Item 34, new clause 2A of Schedule 3 to the FW Act | 3.8, 3.40 |
| Item 34, new clause 2B of Schedule 3 to the FW Act | 3.43 |