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Parliamentary Salaries and
Superannuation Amendment (Salary
Restraint) Bill 2012
Introduction Print
EXPLANATORY MEMORANDUM
Clause Notes
Clause 1 provides that the purpose of the proposed Act is to amend the
Parliamentary Salaries and Superannuation Act 1968 to
limit the increase in the salary that would otherwise be payable
to members of the Parliament of Victoria to 2·5% for the
2012-2013 financial year.
Clause 2 provides for the commencement of the proposed Act.
The proposed Act will come into operation on 1 July 2012.
Clause 3 inserts section 3B of the Parliamentary Salaries and
Superannuation Act 1968 to put in place a different definition
of basic salary for the financial year commencing 1 July 2012.
Section 3 defines basic salary to mean the amount of the annual
allowance by way of salary from time to time payable to
Members of the House of Representatives under the law of the
Commonwealth less $5733. The new section 3B will mean that,
for the period 1 July 2012 to 30 June 2013, the new basic salary
will be set as the basic salary on 30 June 2012 increased by
2·5%. The basic salary on 30 June 2012 is determined in
accordance with section 3A, which provides that the basic salary
on 30 June 2012 is the basic salary on 30 June 2011 increased
by 2·5%.
571297 1 BILL LA INTRODUCTION 1/5/2012
Clause 4 repeals the proposed Act on 1 July 2013. In accordance with
section 15(1) of the Interpretation of Legislation Act 1984,
the repeal does not affect the continuing operation of the
amendments made by the Act.
2