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SUPERANNUATION LEGISLATION AMENDMENT (INDEXATION) BILL 2001

The order of the day having been read for the resumption of the debate on the question—That the Bill be now read a second time—


Debate resumed by Mr K. J. Thomson who moved, as an amendment—That all words after "That" be omitted with a view to substituting the following words:

"whilst not declining to give the bill a second reading, the House:

(1) condemns the Government for its slow and disinterested handling of superannuation;

(2) condemns the Government for its failure to satisfactorily deal with public service superannuation and to include the Defence Force Retirement Benefits (DFRB) scheme, the Defence Force Retirement and Death Benefits (DFRDB) scheme and the Military Superannuation and Benefits Scheme (MSBS) in the same benefits extended by this Bill to the Commonwealth Superannuation Scheme (CSS) and Public Sector Superannuation (PSS) scheme pensions;

(3) condemns the Government for the delay in allowing twice yearly indexation of Commonwealth superannuation pensions; and

(4) calls on the Government to examine in full the other recommendations of the Senate Select Committee on Superannuation and Financial Services, which in April 2001 released its report entitled A Reasonable and Secure Retirement ?".

Debate continued.

Amendment negatived.

Question—That the Bill be now read a second time—put and passed—Bill read a second time.

Messages from the Governor-General

The following messages from His Excellency the Governor-General were announced:

No. 352, 10 August 2001, recommending an appropriation for the purposes of the Bill; and

No. 353, 14 September 2001, recommending an appropriation for the purposes of amendments to the Bill.

Consideration in detail

Bill, by leave, taken as a whole.

Paper

Mr Slipper (Parliamentary Secretary to the Minister for Finance and Administration) presented a supplementary explanatory memorandum to the Bill.

On the motion of Mr Slipper, the Government amendment was made.

Bill, as amended, agreed to.

Consideration in detail concluded.

On the motion of Mr Slipper, by leave, the Bill was read a third time.