Proposed changes to Australia's superannuation system will move ahead following the passage of the Stronger Super reforms through the Senate.
The superannuation reforms were passed today without amendment.
The Minister for Financial Services and Superannuation Bill Shorten took to his social media account to confirm the passage of the reforms.
"A win for small business as Super legislation that cuts red tape passes the Senate," Shorten said.
The passing of the super reforms comes less than a week after the Senate passed the government's Future of Financial Advice reforms without debate.
Last week, Association of Superannuation Funds of Australia (ASFA) chief executive Pauline Vamos said the Stronger Super reforms need at least 15 amendments in order for the legislation not to disrupt the operation of the superannuation industry. Vamos emphasised the start date of 1 October 2013 for the implementation of MySuper was unworkable for many industry participants.
She also argued funds should be able to charge different fees for life-cycle investment options within MySuper.
