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Monday, 11 November 2002
Page: 6022

Senator Sherry asked the Minister for Finance and Administration, 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 entitlement, but allows employees to opt out of this arrangement so as to reduce the basis upon which superannuation is calculated, what proportion of employees do this.

Senator Minchin (Minister for Finance and Administration) —The answer to the honourable senator's question is as follows:

Department of Finance and Administration

(1) Salary for superannuation purposes is set in accordance with the relevant Superannuation Acts.

(2) Not applicable.