Michael Sukkar (Deakin, Liberal Party, Assistant Treasurer) Share this | Hansard source

We are not supporting the second reading amendment moved by the opposition to the Treasury Laws Amendment (Reuniting More Superannuation) Bill 2020. I want to thank all those members whose have contributed to the debate. As has been outlined so eloquently by members on this side, the bill will facilitate the exit of all eligible rollover funds from the superannuation system by 30 June 2021. This builds upon the policy intent of the Protecting Your Super reforms to reunify lost and unclaimed super with its rightful owners. Importantly, it also gives effect to recommendation 5 of the Productivity Commission's inquiry into super. This bill will contribute to the government's work on building a stronger, more efficient superannuation system and of course improving outcomes for all members. We don't support the amendment. I commend the bill to the House.

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