Treasury Laws Amendment (Supporting Choice in Superannuation and Other Measures) Bill 2025; Report from Federation Chamber

Opened the debate

Clutterham supported the bill, specifically schedules 1 and 2, which amend superannuation laws to support the transition to payday super. Clutterham argued that allowing employers to request stapled fund details earlier in the onboarding process helps employees avoid creating unnecessary duplicate accounts. Clutterham stated that banning advertising of superannuation products during onboarding reduces the risk of employees being influenced into choosing inappropriate funds. Clutterham contended that these measures reduce fees and insurance premiums, thereby preserving savings for a dignified retirement. Clutterham also linked the reforms to human rights obligations regarding social security and an adequate standard of living.

Government response

Mulino acknowledged contributions from other members and rejected opposition amendments, stating the bill balances choice with consumer protection. Mulino explained that schedule 1 allows earlier access to stapled fund details to empower informed employee choices. Mulino justified schedule 2's advertising ban by citing inappropriate practices identified in the Your Future, Your Super review 2022. Mulino outlined that schedule 3 provides tax exemptions for the Rugby World Cups in 2027 and 2029. Mulino also detailed schedule 4's implementation of the Australia-Portugal tax treaty, schedule 5's updates to deductible gift recipients, and schedule 6's increase in the wine equalisation tax rebate cap to $400,000.