Aussie workers Bill, superannuation reforms

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Aussie workers Bill, superannuation reforms

A number of employment-related Bills are progressing through federal parliament as the current session draws to a close, including the preferential treatment for Australian workers on major projects and superannuation reforms.

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A number of employment-related Bills are progressing through federal parliament as the current session draws to a close, including the preferential treatment for Australian workers on major projects and superannuation reforms.

Australian Jobs Bill

The Australian Jobs Bill passed through the House of Representatives on Tuesday, 28 May 2013. The Bill requires major projects worth $500 million or more to adopt Australian Industry Participation (AIP) plans setting out how they will give local companies a fair chance to win contracts to supply materials and services.
 
The Bill will also establish the new Australian Industry Participation Authority to administer AIP plans and other programs to improve industry capability and open up global supply chain opportunities to local firms. See: previous story.

Superannuation
 
The Tax and Superannuation Laws Amendment (2013 Measures No. 2) Bill 2013 (Fed) passed the House of Representatives on Wednesday, 29 May 2013. 

The Bill halves the government superannuation co-contribution for low income earners, from 100 per cent to 50 per cent, and also seeks to reduce the administration costs levied by superannuation funds by allowing funds to identify and merge multiple superannuation accounts within the same fund. See: previous story.
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