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Wednesday, 31 May 1972
Page: 3446

Mr Keating asked the Treasurer, upon notice:

(1)   Has an actuarial comparison been made by the Government of the relative values of elective cash retirement benefits currently available to members of the Legislative Assembly of New South Wales and Members of the House of Representatives.

(2)   If so, win he make the information available to members.

(3)   If a comparative study has not been made, will he arrange for this to be done.

(4)   Will the Government introduce a similar scheme of retirement benefits to that available to Members of the New South Wales Legislative Assembly; if not, why not.

Mr Snedden - The answer to the honourable member's question is as follows:

(1)   No.

(2)   Not applicable.

(3)   When examining possible changes in the Parliamentary Retiring Allowances Act 1948-1968 appropriate comparative studies, including a study of the relevant provisions of the various State Parliamentary retiring allowances schemes, would be made.

(4)   The structure of the Commonwealth scheme and the principles on which it is based differ from those of the New South Wales scheme. Any proposal to change the Commonwealth scheme to one that was similar to the New South Wales scheme would need careful consideration by the Government and the Parliament.

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