📜 Coal Industry Superannuation Amendment Bill 2005
Assented toLABill 147 April 2005
The Coal Industry Superannuation Amendment Bill 2005 amends the Coal Industry Superannuation Act 1989 to enhance the competitiveness of the Coal Industry Superannuation Fund. It allows for spouse accounts, allocated pensions, and modernises board functions and powers.
Impact
Coal industry employees and their spouses will be affected, as the bill allows spouses to open accounts and provides access to federal government tax rebates. The changes aim to improve the fund's competitiveness and provide better services to its members.
Key Changes
["Allows spouses of fund members to open accounts.", "Updates board functions and powers to promote and market the fund.", "Provides for a review of the Act every 5 years."]
Parliamentary Progress
- LA IntroducedLA7 Apr 2005
- LA Second Reading MovedLA7 Apr 2005
- LA Second Reading AgreedLA5 May 2005
- LA Third ReadingLA5 May 2005
- LC Second Reading MovedLC17 May 2005
- LC Second Reading AgreedLC9 May 2006
- LC Third ReadingLC9 May 2006
Affected Sectors
financeminingpublic_sector
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