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Wednesday, 16 October 2002
Page: 5344

Senator Sherry asked the Minister for Foreign Affairs, upon notice, on 30 August 2002:

(1) For each department within the Minister's portfolio, how is superannuation calculated (ie. is the superannuation entitlement calculated on base salary and other income payments, such as overtime allowance or performance bonuses, or on base salary alone).

(2) If the department calculates superannuation on a broader basis, by incorporating all income payments in the calculation of superannuation entitlements, but allows employees to opt out of this arrangement so as to reduce the base upon which superannuation is calculated, what proportion of employees do this.

Mr Downer (Minister for Foreign Affairs) —On behalf of the Minister for Trade and myself as Minister for Foreign Affairs, following are the answers to the honourable senator's question:

(1) All employees of the Department of Foreign Affairs and Trade are either members of the Commonwealth Superannuation Scheme, (CSS), or the Public Sector Superannuation Scheme, (PSS), or receive Superannuation Guarantee equivalent benefits through arrangements under the Superannuation (Productivity Benefit) Act 1988. The salary regulations and rules of the CSS and PSS specify what allowances and in what circumstances they are included for superannuation purposes.

(2) Not applicable.