No superannuation legislation set for debate in Senate this week

None of the superannuation legislation currently before the Senate is scheduled for debate this week.

Update: the Senate may debate the First Home Super Saver Scheme and downsizer contribution, mainly the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No. 1) Bill 2017, on Thursday

According to the Draft Legislation Programme for the Senate the only Bill being debated is the Marriage Amendment (Definition and Religious Freedoms) Bill 2017. The House of Representatives is not sitting this week, after the Government cancelled the sitting.

All the superannuation Bills were set for debate in the last sitting week, excluding the one setting the objective of superannuation and requiring statements of compatibility. However there was only limited debate.

Both houses of Parliament are scheduled to sit for the week 4-7 December, and this may be extended.

It is unclear which of the superannuation Bills may pass the Parliament in 2017, if any. This is both a factor of time and votes, with Labor and the Greens opposed to several of the Bills, compounded by the ongoing citizenship issues.

The Parliament is not scheduled to sit in 2018 until February. This timing creates issues for several pieces of proposed legislation, including the First Home Super Saver Scheme – which Government members have been touting despite it not yet being law, and the Australian Financial Complaints Authority – which is already facing a challengingly soon commencement date.

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