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Wednesday, 8 November 2000
Page: 19424

Motion (by Senator Calvert, at the request of Senator Watson) agreed to:

That the following matter be referred to the Select Committee on Superannuation and Financial Services for inquiry and report by the last sitting day in March 2001:

The benefit design of Commonwealth public sector and defence force unfunded superannuation funds and schemes, with particular reference to:

(a) the method of indexation used by trustees to preserve the real value of fund members' preserved unfunded compon-ent of their employer benefit;

(b) the rationale for using this method;

(c) the costs and benefits to fund members and trustees of using this method over other alternatives;

(d) indexation methods used by unfunded and funded state government super-annuation schemes where the member's preserved employer benefit remains in the fund;

(e) the possible implications of adopting another method of indexation; and

(f) any other issues related to the scope of this inquiry.