Summary
Implements certain 'Your Future, Your Super' reforms by amending the:
Parliamentary Superannuation Act 2004
to: remove the existing choice of fund provisions; enable the Commonwealth to make employer superannuation contributions for new parliamentarians to a chosen, stapled or default fund in various circumstances; and provide for the determination of a default fund for parliamentarians if an existing default fund is unable to accept new members due to failing the annual performance test for MySuper products for two consecutive years;
Superannuation Act 2005
to provide for the determination of an alternative default fund for Australian Public Service employees if the Public Sector Superannuation Accumulation Plan is unable to accept new members due to failing the annual performance test for MySuper products for two consecutive years;
Governance of Australian Government Superannuation Schemes Act 2011
and
Parliamentary Business Resources Act 2017
to make consequential amendments; and
Federal Circuit and Family Court of Australia Act 2021
to enable the Commonwealth to make employer superannuation contributions for judges of the Federal Circuit and Family Court of Australia to a chosen, stapled or default fund in various circumstances.