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CONTENTS
Passage History
Purpose
Background
Main Provisions
Contact Officer and Copyright Details
Superannuation Legislation (Commonwealth Employment -
Saving and Transitional Provisions) Bill 1998
Date Introduced: 12 November 1998
House: House of Representatives
Portfolio: Finance and Administration
Commencement: 1 July 1999.
However, the operative amendments to the various superannuation
schemes will commence on repeal of the various Acts - refer to the
Digest for the Superannuation Legislation (Commonwealth Employees)
Repeal and Amendment Bill 1998.
To preserve
benefits available to members of various Commonwealth
superannuation schemes despite the repeal of the Acts that
established those schemes.
Refer to the Digest for the Superannuation
Legislation (Commonwealth Employment) Repeal and Amendment Bill
1998 (SLCE).
Parts 2 and 3 of the Bill make amendments
consequential to the amendments contained in SLCE to the
Superannuation Act 1976 (SA76). Item 8
provides that regulations relating to early retirement benefits or
the commutation of an additional aged or early retirement benefit
will continue to apply to those affected by the repeal of SA76.
Item 9 allows current appeals
to the Administrative Appeals Tribunal made before the repeal of
SA76 to continue to have effect if the appeal has not been
determined by the date of the repeal.
The main transitional provision relates to
members of CSS who may otherwise have had their benefits effected
by the repeal of SA76 under SLCE. Item 11 provides
that entitlements under CSS will continue to be available to
members entitled to benefits before the repeal of SA76. This will
validate payments under CSS to existing members despite the repeal
of SA76.
Part 4 of the Bill deals with
the effect of SLCE on PSS established under the Superannuation
Act 1990 (SA90). The amendments are similar to those relating
to SA76, including the preservation of benefits available under
SA90 for members who were entitled to benefits prior to the repeal
of SA90 by SLCE.
Similar amendments will be made to the
Superannuation Act 1922 to maintain benefits payable under
that Act despite the repeal of that Act by SLCE (Part
6).
The Bill also maintains benefits payable under a
number of Acts that have a very limited application, such as the
Superannuation (Productivity) Act 1988 and the Papua
New Guinea (Staffing Assistance) Act 1973.
Chris Field
30 November 1998
Bills Digest Service
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ISSN 1328-8091
© Commonwealth of Australia 1998
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Published by the Department of the Parliamentary Library,
1998.
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