House debates Bills

Social Services and Other Legislation Amendment (Simplifying Income Reporting and Other Measures) Bill 2020; Second Reading

Wednesday, 12 February 2020 House of Representatives

David Littleproud

David Littleproud Maranoa, National Party, Minister for Agriculture, Drought and Emergency Management

12:34 pm

Firstly, I would like to thank those members who have contributed to this debate. This bill is the next step in addressing the issues of unintended multiple superannuation accounts by preventing Australians from being forced into having multiple accounts due to their enterprise bargaining agreement or similar determination. This bill will improve outcomes for members by providing a choice of funds across the superannuation industry. The bill will commence on 1 July 2020. I commend the bill to the House.

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