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Public Sector Superannuation Salary Legislation Amendment Bill 2022

2022

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

As passed by both Houses

 

 

 

 

Public Sector Superannuation Salary Legislation Amendment Bill 2022

 

No.      , 2022

 

 

 

 

 

A Bill for an Act to amend the law relating to public sector superannuation, and for related purposes

   

   



Contents

1............ Short title............................................................................................ 1

2............ Commencement.................................................................................. 1

3............ Schedules............................................................................................ 2

Schedule 1—Amendments                                                                                                 4

Superannuation (Salary) Regulations                                                                       4

Schedule 2—Exemptions                                                                                                    5

 

 



A Bill for an Act to amend the law relating to public sector superannuation, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act is the Public Sector Superannuation Salary Legislation Amendment Act 2022 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

2.  Schedule 1

1 July 1986.

1 July 1986

3.  Schedule 2

The day after this Act receives the Royal Assent.

 

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3   Schedules

                   Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Note 1:       After the Superannuation (Salary) Regulations were made in 1978, they were:

(a)    renamed as the Superannuation (CSS) Salary Regulations by Statutory Rules 1995 No. 275; and

(b)    subsequently renamed as the Superannuation (CSS) Salary Regulations 1978 by the Superannuation (CSS) Salary Amendment Regulations 1999 (No. 1) .

Note 2:       This Act repeals paragraph 5(e) of the Superannuation (Salary) Regulations , which in 2022 were known as the Superannuation (CSS) Salary Regulations 1978 . That paragraph is relevant to:

(a)    the annual rate of salary of members of the Commonwealth Superannuation Scheme (CSS); and

(b)    the recognised allowances of members of the Public Sector Superannuation Scheme (PSS), which form part of their default salary for contribution and benefit purposes; and

(c)    the recognised allowances of members of the Public Sector Superannuation Accumulation Plan (PSSAP), which form part of their default superannuation salary; and

(d)    Commonwealth employees who belong to other superannuation funds and whose entitlements are calculated by reference to the default superannuation salary that would be applicable if the employees were members of the PSS or PSSAP.

Note 3:       The provisions of the Superannuation (Salary) Regulations amended by this Act, and any other provisions of those regulations, may be amended or repealed by regulations made under section 168 of the Superannuation Act 1976 (see item 2 of Schedule 1 to this Act and subsection 13(5) of the Legislation Act 2003) .