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Australian Senate Standing Committee for the Scrutiny of Bills - Scrutiny Digests

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Public Sector Superannuation Legislation Amendment Bill 2018 [2018] AUSStaCSBSD 123 (9 May 2018)


Public Sector Superannuation Legislation Amendment
Bill 2018

Purpose
This bill seeks to amend various Acts in relation to superannuation to:
• ensure that in all circumstances the calculation of any lump sum superannuation guarantee safety-net benefit meets the minimum Superannuation Guarantee requirements under the Parliamentary Contributory Superannuation Act 1948;
• allow members of the Judges' Pensions Scheme the option to request that they be paid a lump sum amount from the scheme;
• amend the eligibility for reversionary superannuation benefits payable to or in respect of children;
• reduce the Commonwealth Superannuation Corporation Board from 11 to 9 directors; and
• make minor amendments and corrections
Portfolio
Finance
Introduced
House of Representatives on 28 March 2018

The committee has no comment on this bill.


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