Senator JACINTA COLLINS (Victoria—Manager of Government Business in the Senate and Parliamentary Secretary for School Education and Workplace Relations) (16:15): I give notice that, on the next day of sitting, 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: Fair Work Amendment Bill 2012 National Gambling Reform (Related Matters) Bill (No. 1) 2012 National Gambling Reform (Related Matters) Bill (No. 2) 2012 National Gambling Reform Bill 2012 Superannuation Legislation Amendment (Further MySuper and Transparency Measures) Bill 2012 Treasury Legislation Amendment (Unclaimed Money and Other Measures) Bill 2012 Wheat Export Marketing Amendment Bill 2012. I also table statements of reasons justifying the need for these bills to be considered during these sittings and seek leave to have the statements incorporated in Hansard. Leave granted. The document read as follows— STATEMENT OF REASONS FOR INTRODUCTION AND PASSAGE IN THE 2012 SPRING SITTINGS NATIONAL GAMBLING REFORM BILL NATIONAL GAMBLING REFORM (RELATED MATTERS) BILL (No. 1) NATIONAL GAMBLING REFORM (RELATED MATTERS) BILL (No. 2) Purpose of the Bills The bills deliver on the Government's commitments to reduce the harm caused by gaming machines to problem gamblers, the families and communities of problem gamblers, and those at risk of experiencing that harm, as announced on 21 January 2012. The bills provide for the phased implementation of harm minimisation measures, including: new machines manufactured or imported to be capable of supporting pre commitment; all gaming machines to be part of a state-wide pre-commitment system and display electronic warnings; a $250 a day automatic teller machine withdrawal limit for gaming venues (other than casinos and exempted venues). Reasons for Urgency Passage as early as possible is essential to provide certainty to industry and the broader community in the lead-up to the measures applying under the Act, and to allow time for any necessary preparations to be undertaken. STATEMENT OF REASONS FOR INTRODUCTION AND PASSAGE IN THE 2012 SPRING SITTINGS SUPERANNUATION LEGISLATION AMENDMENT (FURTHER MYSUPER AND TRANSPARENCY MEASURES) BILL Purpose of the Bill The bill is the third tranche legislation implementing further elements of the Government's Stronger Super reforms, specifically the remaining MySuper rules and associated trustee governance measures. Reasons for Urgency Introduction and passage of the bill in the 2012 Spring sittings is essential to meet the Government's commitment for MySuper products to be available by 1 July 2013. Early passage will provide APRA with appropriate lead time for the MySuper authorisation process which commences from 1 January 2013. In addition, passage of the legislation in Spring will provide industry with greater certainty on additional design features of MySuper. This would allow industry to develop MySuper compliant products and to apply for authorisation from APRA. If the bill is not dealt with in one sitting period, there will be insufficient time for legislation to be passed prior to the commencement of the APRA's authorisation process commencing 1 January 2013. STATEMENT OF REASONS FOR INTRODUCTION AND PASSAGE IN THE 2012 SPRING SITTINGS TREASURY LEGISLATION AMENDMENT (UNCLAIMED MONEY AND OTHER MEASURES) BILL Purpose of the Bill Amend the Banking Act, Life Insurance Act, First Home Saver Accounts Act, Superannuation (Unclaimed Money and Lost Members) Act, Corporations Act, and Australian Securities and Investments Commission Act, to ensure that the Unclaimed Moneys measure in the Mid-year Economic and Fiscal Outlook 2012/13 will raise the budgeted revenue for year 2012/13. Reasons for Urgency ADIs and life insurers are required by the current acts to assess unclaimed amounts as at 31 December and submit those amounts to the Commonwealth by 31 March of the following year. Typically, ADIs and life insurers start making payments in January so that if legislation is not in place before 31 December 2012, they will make their payments on the basis of the current seven year time periods. If the legislation is not in place before 31 December 2012, $300 million of revenue that has been budgeted for collection in 2012 13 would be delayed until the 2013-14 financial year. The current provisions in the First Home Saver Accounts Act 2008 need to be amended by 31 December 2012 to be in line with the changes in the Banking Act 1959. For unclaimed superannuation moneys, legislation by 31 December 2012 will ensure that funds can make the relevant system changes in time and reduce the risk that the unclaimed money is transferred to the ATO in 2013 14 rather than the expected 2012 13. Although the changes to the treatment of unclaimed company money under the Corporations Act 2001 do not need to be in place until 30 June 2013, there are presentational advantages from progressing at the same time as the bank account and life insurance measures. As ASIC administers the unclaimed moneys regimes for the Banking Act, Life Insurance Act and Corporations Act through its MoneySmart program, it is important that these amendments proceed together to ensure the smooth transition to the new unclaimed moneys arrangements and for payment of interest on reclaimed moneys. STATEMENT OF REASONS FOR INTRODUCTION AND PASSAGE IN THE 2012 SPRING SITTINGS Wheat Export Marketing Amendment Bill 2012 Purpose of the Bill The Bill will implement the Australian Government's response to the recommendations of the Productivity Commission review of wheat export marketing arrangements. The Bill will complete the deregulation of the bulk wheat export market which began with the commencement of the Wheat Export Marketing Act 2008 (the Act), making it consistent with other agricultural commodity markets. The Wheat Export Accreditation Scheme and the Wheat Export Charge will be abolished on 10 December 2012 and Wheat Exports Australia on 31 December 2012. The requirement for grain port terminal operators to satisfy the access test will be retained as condition for exporting bulk wheat until 30 September 2014. The Bill will abolish the access test on that date, subject to the industry having a mandatory code of conduct covering access to grain export terminals in place. Reasons for Urgency Following passage of the Bill, consequential amendments will need to be made to related legislation via regulations. Introduction and passage of the Bill in the Spring 2012 sittings will allow time for these regulations to be made before the new arrangements come into force on 10 December 2012, as agreed by the Australian Government. This will not be possible if consideration is delayed until the 2013 Autumn sittings.