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Australian Senate Standing Committee for the Scrutiny of Bills - Scrutiny Digests |
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Purpose
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This bill seeks to amend various Acts in relation to superannuation
Schedule 1 introduces new trustee arrangements requiring registrable
superannuation licensees to have at least one-third independent
directors and
for the Chair of the Board of directors to be one of these independent
directors
Schedule 2 enables the Trustee board of the Commonwealth Superannuation
Corporation to comply with the independence requirements set
out in Schedule
1
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Portfolio
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Treasury
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Introduced
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Senate on 14 September 2017
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The committee has no comment on this bill.
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URL: http://www.austlii.edu.au/au/other/AUSStaCSBSD/2017/345.html