Senator McGRATH (Queensland—Assistant Minister to the Prime Minister) (16:18): I give notice that, on the next sitting day, I shall move: That the provisions of paragraphs (5) to (8) of standing order 111 not apply to the following bills, allowing them to be considered during this period of sittings: Australian Organ and Tissue Donation and Transplantation Authority Amendment (New Governance Arrangements) Bill 2016 Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016 Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016. I also table statements of reasons justifying the need for these bills to be considered during these sittings and seek leave to have these statements incorporated in Hansard. Leave granted. The statement s read as follows— STATEMENT OF REASONS FOR INTRODUCTION AND PASSAGE IN THE 2016 SPRING SITTINGS AUSTRALIAN ORGAN AND TISSUE DONATION AND TRANSPLANTATION AUTHORITY AMENDMENT (NEW GOVERNANCE ARRANGEMENTS) BILL Purpose of the Bill The purpose of the bill is to introduce governance changes to the Australian Organ and Tissue Donation and Transplantation Authority (AOTDTA) by creating a Board to govern the AOTDTA. Reasons for Urgency A recent review by Ernst and Young recommended immediate changes to governance structures of the AOTDTA to address issues of transparency and representation in the governance of the AOTDTA. This bill will amend the Australian Organ and Tissue Donation and Transplantation Act 2008 (the Act) to: establish a Board to govern the AOTDTA; abolish the existing AOTDTA Advisory Council created by Part 4 of the Act; and revise the functions of the AOTDTA CEO in Section 11 and other related parts of the Act to accommodate the Board. Introduction and passage of the bill is required in the same sitting period to facilitate the efficient adoption of the new governance arrangements for the AOTDTA. Time will be required to permanently recruit a new Board, Chair and CEO. The current AOTDTA Advisory Council expires on 31 December 2016. If the bill is not dealt with in this sitting period, this may impact upon the effective governance of the organisation. (Circulated by authority of the Assistant Minister for Health and Aged Care) STATEMENT OF REASONS FOR INTRODUCTION AND PASSAGE IN THE 2016 SPRING SITTINGS TREASURY LAWS AMENDMENT (FAIR AND SUSTAINABLE SUPERANNUATION) BILL SUPERANNUATION (EXCESS TRANSFER BALANCE TAX) IMPOSITION BILL Purpose of the Bills The purpose of these bills is to: ensure that the definition of 'superannuation income stream' under the IncomeTax Assessment Act 1997 includes products that do not pay an immediate annuity but which meet the new alternative set of pension and annuity rules to be set out in the Superannuation Industry (Supervision) Regulations 1994; allow catch-up concessional superannuation contributions; improve superannuation balances of low income spouses; introduce a $1.6 million superannuation transfer balance cap; introduce a lifetime cap for non-concessional superannuation contributions; introduce a Low Income Superannuation Tax Offset; reform the taxation of concessional superannuation contributions; remove the anti-detriment provision in respect of death benefits from superannuation; improve integrity of Transition to Retirement Income Stream taxation; provide for tax deductions for personal superannuation contributions; give effect to the measure which will introduce a $1.6 million superannuation transfer balance cap; and impose excess transfer balance tax on a person who has exceeded their personal transfer balance cap. The tax will neutralise the benefit the person would otherwise receive because, but for the breach, the excess amount would have been included in the person's accumulation phase and taxed at 15 per cent. Reasons for Urgency The Superannuation Reform Package is a high Government priory. Introduction and passage in the 2016 Spring sittings is required to enable industry sufficient time to build systems to implement the significant changes by the commencement date of 1 July 2017. (Circulated by authority of the Treasurer)