What to look out for this Parliamentary sitting week #auspol

What to look out for this Parliamentary sitting week #auspol

Both the House and the Senate will return this week for the fourth week of winter sittings.

Key issues on the agenda include Social Services, the NDIS, Aged Care and Superannuation.

The government will also continue passing measures announced in last month’s budget.

House of Representatives:

Tuesday:

The House will open with debate on:

Wednesday:

Thursday:

Senate:

Wednesday:

On Wednesday the government will debate a number of reforms regarding superannuation.

  • Treasury Laws Amendment (Your Future, Your Super): This package contains regulations to define a ‘stapled fund’ and will rollout tie-breaker rules for determining which fund is to be an employee’s stapled fund in instances where an employee has multiple. The package will also prescribe new rules for how portfolio holdings should be disclosed to members.
  • Treasury Laws Amendment (More Flexible Superannuation) Bill 2020 seeks to bring forward the non – concessional contribution cap to enable individuals aged 65 and 66 to make up to three years of non-concessional superannuation contributions under the bring forward rule.
  • Treasury Laws Amendment (Self-Managed Superannuation Funds) Bill 2020 to increase the maximum number of allowable members in self – managed superfunds from four to six. This Bill also amends provisions that relate to SMSFs and small APRA funds.
  • Treasury Laws Amendment (2021 Measures No. 3) which amends the Medicare Levy Surcharge Act the Medicare levy low-income thresholds for individuals and families in line with movements in the CPI.
  • Debate will resume on the Biosecurity Amendment which seeks to increase the civil and criminal penalty amounts for noncompliance where noncompliance may cause significant and unacceptable risk to Australia’s biosecurity status.
  • The day will conclude with debate on the National Consumer Credit Protection Amendment (Supporting Economic Recovery) Bill 2020. This Bill seeks to amend the National Consumer Credit Protection Act 2009 to introduce additional protections for consumers wishing to access high-cost credit products and to make amendments to the lending obligations for small credit amounts.

Thursday:

The sitting week will conclude with a number of non-controversial bills:

要查看或添加评论,请登录

社区洞察

其他会员也浏览了