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Thursday, 26 September 2002
Page: 5080

Senator Sherry asked the Minister representing the Minister for Education, Science and Training, 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.

Senator Alston (Minister for Communications, Information Technology and the Arts) —The Minister for Education, Science and Training has provided the following answer to the honourable senator's question:

(1) Superannuation is calculated on the basis of salary and allowances that are in the nature of salary, in accordance with the rules of the relevant superannuation fund. This would include overtime allowance but not performance bonuses.

(2) The Department does not incorporate all income payments in the calculation of superannuation entitlements.