Summary
Introduced with the Parliamentary Superannuation Bill 2004, the bill amends the
Parliamentary Contributory Superannuation Act 1948
to: close the Parliamentary Contributory Superannuation Scheme to new members from the next general election; and suspend retiring allowances being paid to former senators and members who are again elected at or after the next general election; and
Parliamentary Contributory Superannuation Act 1948
and
Remuneration and Allowances Act 1990
to allow a limited salary sacrifice facility for senators and members who are entitled to superannuation under the new arrangements.