Superannuation Legislation Amendment Bill (No. 4) 1999

Explanatory Memorandum

(Circulated by authority of the Assistant Treasurer, Senator the Hon Rod Kemp)
This Memorandum takes account of amendments made by the House of Representatives to the Bill as introduced

Financial Impact Statement

The measures are not expected to impact on Budget revenues or outlays in the forward estimates years. However, longer term benefits can be expected, including savings to Age Pension outlays, from ensuring that superannuation savings are invested prudently and preserved for retirement income purposes.

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