Second Reading Speeches

Superannuation Legislation Amendment (Trustee Board and Other Measures) (Consequential Amendments) Bill 2008

Type
Government
Portfolio
Finance and Deregulation
Originating house
Senate
Status
Act
Parliament no
42

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Summary

Amends: 29 Acts to reflect the introduction of the Public Sector Superannuation Accumulation Plan (PSSAP) and establishment of the Australian Reward Investment Alliance to administer the Commonwealth Superannuation and Public Sector Superannuation Schemes and PSSAP; five superannuation Acts to reflect the new regime for legislative instruments under the

Legislative Instruments Act 2003
; and the
Superannuation Act 1976
and
Superannuation (Productivity Benefit) Act 1988
to meet a change to the superannuation guarantee requiring employers to use ordinary time earnings as the earnings base for employees. Also repeals the Schedule to the
Superannuation Act 1990
.

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