Regulation Impact Statement – Department of the Treasury
On 17 March 2016, the Minister for Small Business and Assistant Treasurer introduced the Superannuation Legislation Amendment (Choice of Fund) Bill 2016. The bill allows employees under enterprise agreements and workplace determinations to choose the fund into which their compulsory employer superannuation payments are made. A Regulation Impact Statement (RIS) was prepared by the Department of the Treasury and assessed as compliant and consistent with best practice by the Office of Best Practice Regulation. The RIS estimates the proposal will increase regulatory burden by $3.97 million per annum. The OBPR agreed to the regulatory costs and offsets.
- Choice of Superannuation Fund RIS [
15KB] - Choice of Superannuation Fund RIS [
116KB] - Deputy Secretary Certification Letter [ 122KB]
- Deputy Secretary Certification Letter [ 100KB]
- OBPR Assessment Advice [ 152KB]
- OBPR Assessment Advice [ 88KB]