Contents

Part 1--Preliminary                                                                                                              1

1............ Short title [see Note 1] ........................................................................ 1

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

3............ Definitions .......................................................................................... 2

4............ Meaning of complying superannuation fund ...................................... 3

5............ Meaning of new scheme entry time ..................................................... 4

6............ Meaning of new scheme contribution period ...................................... 5

Part 2--The new parliamentary superannuation scheme                             6

Division 1--Commonwealth's obligations to make contributions         6

7............ Persons to whom this Division applies ............................................... 6

8............ The Commonwealth's obligations to make contributions .................... 6

Division 2--Choice of funds                                                                                       8

9............ Meaning of fund--includes schemes and accounts ............................. 8

10.......... When may a person choose a fund? .................................................... 8

11.......... The nature of the choice ...................................................................... 8

12.......... How to make a choice ......................................................................... 9

13.......... Duration of a choice notice .................................................................. 9

14.......... Variation of a choice notice ................................................................. 9

15.......... Revocation of a choice notice ............................................................ 10

16.......... Obligation to notify person of right to choose a fund ........................ 10

Division 3--The default fund                                                                                   12

17.......... Declaration of the default fund .......................................................... 12

Part 3--Miscellaneous                                                                                                        13

18.......... Appropriation .................................................................................... 13

19.......... Regulations ....................................................................................... 13

Notes                                                                                                                                              15

  

Notes to the Parliamentary Superannuation Act 2004

Note 1

The Parliamentary Superannuation Act 2004 as shown in this compilation comprises Act No. 72, 2004 amended as indicated in the Tables below.

For all relevant information pertaining to application, saving or transitional provisions see Table A.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
Parliamentary Superannuation Act 2004	72, 2004	23 June 2004	Ss. 3-19: 26 June 2004 Remainder: 24 June 2004
Parliamentary Superannuation Amendment Act 2006	115, 2006	24 Oct 2006	24 Oct 2006	Sch. 1 (item 2)
Superannuation Legislation Amendment (Simplification) Act 2007	15, 2007	15 Mar 2007	Schedule 1 (items 273, 406(1)-(3)): (a)	Sch. 1 (item 406(1)-(3))
Remuneration and Other Legislation Amendment Act 2011	75, 2011	25 July 2011	Schedule 2 (items 6, 7, 21): 5 Aug 2011 (see F2011L01603)	Sch. 2 (item 21)

(a)     Subsection 2(1) (item 2) of the Superannuation Legislation Amendment (Simplification) Act 2007 provides as follows:

                 (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
Provision(s)	Commencement	Date/Details
2.  Schedule 1	Immediately after the commencement of Schedule 1 to the Tax Laws Amendment (Simplified Superannuation) Act 2007.	15 March 2007

Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted
Provision affected	How affected
Part 1
S. 3......................................	am. No. 75, 2011
S. 4......................................	am. No. 15, 2007
Part 2
Division 1
S. 8......................................	am. No. 115, 2006; No. 75, 2011

Table A

Application, saving or transitional provisions

Parliamentary Superannuation Amendment Act 2006 (No. 115, 2006)

Schedule 1

2  Application

The amendment made by item 1 of this Schedule applies to contributions in respect of:

                     (a)  the month in which this item commences; and

                     (b)  each later month.

Superannuation Legislation Amendment (Simplification) Act 2007
(No. 15, 2007)

Schedule 1

406  Application

(1)       The amendments made by this Schedule apply to the 2007-2008 income year and later years.

(2)       Despite subitem (1), those amendments apply to the 2007-2008 financial year and later years, to the extent that they relate to Division 292 of the Income Tax Assessment Act 1997.

(3)       Despite subitem (1), those amendments apply on and after 1 July 2007, to the extent that they relate to any of the following:

                     (a)  Divisions 82 and 83 of the Income Tax Assessment Act 1997;

                     (b)  Divisions 301 to 307 of that Act.

Remuneration and Other Legislation Amendment Act 2011 (No. 75, 2011)

Schedule 2

21  Transitional--temporary saving of old law allowances

(1)       This item applies to the following provisions as in force immediately before the commencement of this Schedule:

                     (a)  clause 1 of Schedule 3 to the Remuneration and Allowances Act 1990;

                     (b)  regulations made for the purposes of paragraph 1(2)(b) of that Schedule;

                     (c)  the definition of parliamentary allowance in clause 1A of that Schedule;

                     (d)  subsection 5(2C) of the Remuneration Tribunal Act 1973.

(2)       Despite the repeals and amendments made by this Schedule, those provisions continue in force until the coming into force of the first determination:

                     (a)  that is made under subsection 7(1) of the Remuneration Tribunal Act 1973 at or after the commencement of this Schedule; and

                     (b)  that determines the annual allowance payable for the purposes of section 48 of the Constitution.