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Defence Force Retirement and Death Benefits Amendment (Fair Indexation) Bill 2010

 

2010

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

Defence Force Retirement and Death Benefits Amendment (Fair Indexation) Bill 2010

 

No.      , 2010

 

(Senator Ronaldson)

 

 

 

A Bill for an Act to amend the Defence Force Retirement and Death Benefits Act 1973 to provide for fairer indexation, and for related purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Object.................................................................................................. 2

4............ Schedule(s)......................................................................................... 2

Schedule 1—Amendment of the Defence Force Retirement and Death Benefits Act 1973          3

 



A Bill for an Act to amend the Defence Force Retirement and Death Benefits Act 1973 to provide for fairer indexation, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Defence Force Retirement and Death Benefits Amendment (Fair Indexation) Act 2010 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.  Sections 1 to 4 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

2.  Schedule 1

1 July 2011

1 July 2011

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in Column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3   Object

                   The object of this Act is to introduce new indexation arrangements for Defence Force Retirement and Death Benefits Scheme members to recognise the unique nature of military service and the need for a fair, equitable and fiscally-responsible military superannuation system.

4   Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.