Supplementary Explanatory Memorandum(Circulated by authority of the Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator the Hon Jane Hume)
Chapter 2 - Statement of Compatibility with Human Rights
Prepared in accordance with Part 3 of the Human Rights (Parliamentary Scrutiny) Act 2011
Choice of fund for workplace determinations and enterprise agreements - Amendments
2.1 These amendments are compatible with the human rights and freedoms recognised or declared in the international instruments listed in section 3 of the Human Rights (Parliamentary Scrutiny) Act 2011.
2.2 The amendments update the date specified in the Treasury Laws Amendment (Your Superannuation, Your Choice) Bill 2019 that determines the time from which the amendments in that Bill apply to new workplace determinations and enterprise agreements. The changes will now apply to workplace determinations and enterprise agreements made on or after 1 January 2021.
2.3 These changes ensure that amendments in the Bill do not have retrospective effect.
Human rights implications
2.4 This amendments does not engage any of the applicable rights or freedoms.
2.5 This amendments are compatible with human rights as it does not raise any human rights issues.