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Superannuation Legislation Amendment (Further Measures) Bill 2012

This consultation process has now been completed. Submissions available
Date
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Consultation Type
Exposure Draft

Key Documents

This exposure draft contains the fourth tranche of legislation for the Government’s Stronger Super (MySuper and governance) reforms.

The Bill makes amendments relating to: the use of specific service providers; infringement notices; trustees providing reasons for their decisions; an increase in the time limit for members to lodge complaints with the Superannuation Complaints Tribunal; restricting voting prohibitions; resource and risk requirements for dual regulated entities; seeking leave from the Court before bringing action against an individual director for a breach of their duties; extending the defence of having acted with reasonable precaution to cover breaches of MySuper obligations; and consequential amendments.

Submissions

12 submissions were received for this consultation.