Commonwealth of Australia Explanatory Memoranda

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TREASURY LAWS AMENDMENT (YOUR FUTURE, YOUR SUPER) BILL 2021

                           2019-2020-2021



    THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA




                   HOUSE OF REPRESENTATIVES




TREASURY LAWS AMENDMENT (YOUR FUTURE, YOUR SUPER) BILL 2021




        SUPPLEMENTARY EXPLANATORY MEMORANDUM



          Amendments to be moved on behalf of the Government




                     (Circulated by authority of the
                Treasurer, the Hon Josh Frydenberg MP)
General outline and financial impact

Parliamentary Amendments
         The Parliamentary Amendments to the Bill remove the regulation making
         power to prohibit a trustee of a registrable superannuation entity from
         making certain payments or investments.
         Date of effect: None.
         Proposal announced: These amendments have not previously been
         announced.
         Financial impact: Nil.
         Human rights implications: The amendments do not affect the analysis
         of the human rights issues provided for in the Explanatory Memorandum
         to the Bill. See Statement of Compatibility with Human Rights --
         Chapter 4.
         Compliance cost impact: The amendments are not expected to
         substantially alter the cost impact outlined in the Explanatory
         Memorandum to the Bill.


Amendments
Amendments 1 and 2

         1.1       Amendments 1 and 2 remove the regulation making power to
         prohibit a trustee of a registrable superannuation entity from making
         certain payments or investments. [Amendments 1 and 2]




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