📜 Coal Industry Superannuation Amendment Bill 2013
Assented toLABill 2126 June 2013
This Bill amends the Coal Industry Superannuation Act 1989 to allow for the transfer of superannuation benefits to another fund, wind up the existing fund and board, and preserve defined benefit superannuation rights for WA mine workers.
Impact
WA coal mine workers and employers are affected. It ensures continued superannuation benefits through a new fund after winding up the existing Coal Industry Superannuation Fund. It simplifies the legislative framework.
Key Changes
["Allows transfer of superannuation benefits to a successor fund.", "Winds up the Coal Industry Superannuation Fund and terminates the Coal Industry Superannuation Board.", "Preserves defined benefit superannuation rights for WA mine workers.", "Enables the creation of superannuation rules via regulations.", "Designates a new superannuation fund for contributions and benefits."]
Parliamentary Progress
- LA Second Reading MovedLA26 June 2013
- LA IntroducedLA26 June 2013
- LC Second Reading MovedLC19 Sept 2013
- LA Second Reading AgreedLA19 Sept 2013
- LA Third ReadingLA19 Sept 2013
- LC Third ReadingLC24 Oct 2013
- LC Second Reading AgreedLC24 Oct 2013
- Royal Assent4 Nov 2013
Affected Sectors
miningfinancepublic_sector
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