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Tuesday, 17 March 1987
Page: 840

(Question No. 947)

Senator Messner asked the Minister representing the Treasurer, upon notice, on 20 February 1986:

What measures does the Government propose to introduce to ensure that the establishment of productivity-based superannuation will not produce the following problems:

(a) duplication of administration and rules controlling superannuation funds;

(b) anomalies from the operation simultaneously of union-sponsored industry schemes, and existing employer schemes; and

(c) an uneven benefit that Australians will receive from the 3 per cent schemes, particularly where they already have fully-vested superannuation.

Senator Walsh —The Treasurer has provided the following answer to the honourable senator's question:

(a) The Government believes that the superannuation measures it is pursuing will be cost effective and will not involve any duplication of the kind mentioned.

(b) In its decision of 26 June 1986, the Conciliation and Arbitration Commission stated that it would ratify agreements or make consent awards providing for improved superannuation arrangements only if the consent of employers is genuine. Negotiations on any improvements to be made would encompass the type of benefit to be provided and the scheme or schemes into which employer contributions on behalf of employees are to be made. A constructive approach to those negotiations should avoid the prospect of anomalies occurring.

(c) The views of the relevant parties and the processes arising from the Commission's decision as noted above, together with any developments which may arise out of the current National Wage Case, will, of course, have an important bearing on changes in the nature and extent of superannuation coverage in the immediate period ahead.