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Amendment Bill 1998
Explanatory note
This explanatory note relates to this Bill as introduced into Parliament.
(a) to enable additional persons to receive a benefit on compassionate
grounds or on grounds of severe hardship under the First State
Superannuation Scheme, and
(b) to recognise, for the purposes of contributions and benefits under the
Police Superannuation Scheme, police officers who work part-time,
and
(c) to extend the maximum period after leaving employment within which
a person may resume employment with an employer, and resume
contributions. under the State Authorities Superannuation Scheme, and
(d) to remove the requirement placed on the FSS Trustee Corporation to
obtain the Treasurer's approval to the appointment of a funds manager,
and
(e) to enable certain pensions under the State Superannuation Scheme to
be commuted, and
( f ) to improve withdrawal and retrenchment benefits under the State
Superannuation Scheme, and
(g) to make consequential amendments and necessary provisions of a
savings and transitional nature.
Clause 2 provides for the commencement of the proposed Act on a day or
days to be appointed by proclamation, except proposed Schedule 1 .1, 1.3 and
1.5, which commence on the date of assent.
Clause 3 is a formal provision giving effect to the amendments to the Acts
set out in Schedule 1.
Clause 4 makes it clear that the explanatory notes contained in Schedule 1
do not form part of the proposed Act.
Schedule 1
Amendments
Schedule 1 amends the following Acts:
First State superannuation Act 1992
Police Regulation (Superannuation) Act 1906
State Authorities Superannuation Act 1987
Superannuation Act 1916
Superannuation Administration Act 1996
The amendments to each Act are explained in detail in the explanatory note
relating to the Act concerned set out in Schedule 1.
Explanatory note page 2