Following government endorsement of the recommendations of the Review of the Corporate Governance of Statutory Authorities and Office Holders (the Uhrig Review), the bill amends the
Superannuation Act 1976,
Superannuation Act 1990,
Superannuation Act 2005 and the proposed
Superannuation Legislation Amendment (Superannuation Safety and Other Measures) Act 2006 to consolidate in one entity (the Australian Reward Investment Alliance), and revise, the governance arrangements for the Commonwealth Superannuation Scheme, the Public Sector Superannuation Scheme and the Public Sector Superannuation Accumulation Plan, with effect from 1 July 2006. Also amends the
Superannuation Act 1976 to correct misdirected amendments made by the
Superannuation Legislation (Commonwealth Employment) Repeal and Amendment Act (No. 1) 2003.