The Public Sector Superannuation Legislation Amendment Bill 2022 (the Bill) was introduced in the House of Representatives on 17 February 2022. Its main purpose is to amend the Parliamentary Superannuation Act 2004 (PS Act) and the Superannuation Act 2005 (referred to as the PSSAP Act) to allow the Parliamentary Superannuation Scheme and Public Sector Superannuation Accumulation Plan (PSSAP) to be treated in a consistent manner with industry superannuation funds, following the Your Future, Your Super reforms relating to the annual performance test for MySuper products and the single default account Read more...
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