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Wednesday, 27 June 2001
Page: 28750


Mr ANDREN (6:37 PM) —by leave—I move:

(3) Schedule 1, item 3, page 4 (line 7), at the end of the subsection, add:

; or

(c) the person is a continuing member of the Senate at the transitional general election.

(4) Schedule 1, item 3, page 4 (lines 8 to 36), omit subsections 22DB (2) to (5).

Amendment No. 3 adds the following phrase to the definition of a deferring member, that the person is a continuing member of the Senate at the transitional general election. Amendment No. 4 omits subsections 22DB(2) to 22DB(5). This has the effect of including all members of the next parliament—the House and the Senate—under the provision requiring no access to superannuation until the age of 55. If we are talking about community standards, I note that superannuation laws for the rest of the community require that those born after 1964 are not allowed access to their superannuation until the age of 60. Therefore, this legislation is not fair, and I suggest that it has not been thought through well enough, even on the score of preservation age. On this basis, my amendments Nos 3 and 4 are eminently fair. There is no reason why existing members should not be subject to the same provisions on an equity basis with new members. It does not affect their superannuation in any way, but simply makes them fall into line with their fellow members and with most of the community. I would be interested in the minister's responses to the phased superannuation access period—55 to 60—and the reasons why this does not apply to this particular legislation.