House of Representatives

Superannuation Legislation Amendment (Resolution of Complaints) Bill 1998

Superannuation Legislation Amendment (Resolution of Complaints) Act 1998

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)

3 Financial Impact Statement

The Bill will provide a cost effective dispute resolution mechanism for superannuation fund members, as an alternative to the courts.

Given that the Tribunal is already established, the financial impact of the Bill on Government expenditure will be negligible.

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