2010-2011-2012
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Fair Indexation of Military
Superannuation Entitlements Bill 2012
No. , 2012
(Mr Katter)
A Bill for an Act to require fair indexation of
military superannuation entitlements, and for
related purposes
i Fair Indexation of Military Superannuation Entitlements Bill 2012 No. , 2012
Contents
1 Short
title
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2 Commencement
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Fair indexation of military superannuation entitlements ................... 2
Fair Indexation of Military Superannuation Entitlements Bill 2012 No. , 2012 1
A Bill for an Act to require fair indexation of
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military superannuation entitlements, and for
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related purposes
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The Parliament of Australia enacts:
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1 Short title
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This Act may be cited as the Fair Indexation of Military
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Superannuation Entitlements Act 2012.
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2 Commencement
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This Act commences on the day this Act receives the Royal
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Assent.
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Section 3
2 Fair Indexation of Military Superannuation Entitlements Bill 2012 No. , 2012
3 Fair indexation of military superannuation entitlements
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(1) The Minister must, not later than 6 months after the day on which
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this Act commences, take legislative action that has the effect that
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military superannuation entitlements are, as soon as practicable and
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with ongoing effect, to be indexed using the same indexation
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methodology, applied with the same frequency, as applies for age
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pension under the Social Security Act 1991.
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(2) In this Act:
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legislative action means:
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(a) in relation to the Military Superannuation and Benefits
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Scheme--make a legislative instrument amending the trust
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deed for the scheme; and
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(b) in relation to the other schemes--cause to be introduced into
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the House of Representatives a Bill for an Act amending the
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legislation governing the schemes.
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military superannuation entitlement means an entitlement under
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any of the following superannuation schemes:
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(a) the Defence Force Retirement Benefit Scheme;
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(b) the Defence Force Retirement and Death Benefit Scheme;
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(c) the Military Superannuation and Benefits Scheme;
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if the entitlement is, or includes a component that is, subject to
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indexation under the scheme.
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Commonwealth of Australia Bills