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Wednesday, 11 August 2004
Page: 2018

Mr SLIPPER (Parliamentary Secretary to the Minister for Finance and Administration) (10:09 AM) —I move:

That this bill be now read a second time.

This bill proposes amendments to the Superannuation Act 1976 in respect of the Commonwealth Superannuation Scheme (CSS) and the rules for the administration of the Public Sector Superannuation Scheme (PSS).

The purpose of the bill is to make specific provision for the superannuation salary for secretaries and certain other Australian government office holders who are members of the CSS or the PSS.

The CSS and the PSS currently allow superannuation salary for some office holders to be determined by the Remuneration Tribunal where the tribunal also determines the remuneration or other terms and conditions of the office holder.

The amendments included in the bill extend this authority to ministers and the presiding officers of the parliamentary departments who also can determine the remuneration of a number of office holders.

The bill validates some such determinations of superannuation salary that have been made in the past while also ensuring that no benefit that has been paid or is being paid will be reduced because of the amendments in the bill.

I present the explanatory memorandum and commend the bill to the House.

Debate (on motion by Dr Emerson) adjourned.