The Government has failed to get a vote on any of its superannuation legislation this week.
Ahead of this week of Senate sittings the Government had put six of its superannuation Bills on the programme. By the start of the week the Government was talking about passing four of the Bills. On Wednesday Assistant Treasurer Stuart Robert announced amendments to three Bills – amendments which were reportedly circulated to the cross-bench, but have yet to be publicly released. Only the Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018 was put on the notice paper for Thursday, but it did not reach a vote.
None of the Government’s superannuation legislation has been debated any more recent than June, and in some cases it has been much longer. There are only two more sitting weeks scheduled in 2018.
The Bills the Government will try to amend include the Protecting Your Super Bill – which implements measures from the 2018 Budget, a Bill changing the rules for large super funds and another to create an amnesty for employers who haven’t paid their Super Guarantee obligations. Some of the measures in these Bills apply from 1 July 2019, while the SG amnesty applies – if the Bill passes – for the 12 months from 24 May 2018 (the day the Bill was introduced), meaning that almost half the period has passed without it being legislated.
The next sitting weeks starts 26 November.