Bill
Superannuation Amendment (PSSAP Membership) Bill 2016
passed, as at 2017-06-23. Finance portfolio.
- Sponsor
- Not recorded
- Portfolio
- Finance
Recorded stages
- introduced — 2016-12-01
- second reading — 2016-12-01
- second reading — 2017-02-13
- second reading — 2017-02-13
- third reading — 2017-02-13
- introduced — 2017-02-14
- second reading — 2017-02-14
- second reading — 2017-06-20
- second reading — 2017-06-20
- third reading — 2017-06-20
- passed — 2017-06-20
- royal assent — 2017-06-23
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2016-12-01.
The bill would let people who used to contribute to the Public Sector Superannuation Accumulation Plan (PSSAP) keep contributing after they move to state or territory government jobs, private sector jobs, or certain offices.
To qualify, a person must already be a PSSAP member, have been an ordinary employer-sponsored member for at least 12 continuous months of Commonwealth service, meet other conditions, and elect to join with the Commonwealth Superannuation Corporation (CSC).
The bill also clarifies that employers of these former Commonwealth members are not required to make contributions to the PSSAP.
- Extends PSSAP membership to former contributing members who move to certain non-Commonwealth employment.
- Sets out eligibility criteria, including a 12-month continuous Commonwealth service requirement.
- Requires eligible persons to elect to become a contributory member with the CSC.
- Excludes employers of these former members from the obligation to contribute to the PSSAP.
Former PSSAP contributing members who move to state or territory government jobs, private sector jobs, or certain offices, and their employers.
Sources
em
billhome
frl act