PARLIAMENTARY SUPERANNUATION ACT 1974

Table of Provisions

• Long Title

PART 1--Preliminary

• 1 Short title
• 5 Interpretation
• 6 Voluntary and involuntary retirement
• 7 Computation of service
• 7A Putative spouses
• 7B Restriction on publication of court proceedings
• 7C Arrangement of schemes
• 7D Membership of schemes
• 7E PSS 3 member may elect to participate in other schemes
• 7F Special provisions relating to rollovers for PSS 1 and PSS 2 members
• 7G Special provisions relating to salary sacrifice by members

PART 2--The South Australian Parliamentary Superannuation Board

• 8 The Board
• 9 The Board's membership
• 10 Procedure at meetings of the Board
• 11 Availability of Public Service employees
• 12 Report

PART 2A--The Parliamentary Superannuation Fund

• 13 The Fund

PART 2B--Members' contribution accounts

• 13A Members' contribution accounts
• 13AB Rollover accounts
• 13B Accretions to members' accounts
• 13C Rollover of money from other funds or schemes
• 13D Co-contribution accounts

PART 3--Contributions

Division 1--Preliminary

• 14 Preliminary

Division 2--Contributions by members of PSS 1 or PSS 2

• 14A Contributions by members of PSS 1 or PSS 2

Division 3--Contributions by members of PSS 3

• 14B Contributions by members of PSS 3

Division 4--Government contributions with respect to PSS 3

• 14C Government contributions
• 14D Government contribution accounts

PART 4--Pension and benefits for former members

Division 1--Entitlement to pension

• 15 Application of Division
• 16 Entitlement to a pension on retirement
• 17 Amount of pension for PSS 1 member pensioners
• 17A Amount of pension for PSS 2 member pensioners
• 17B Supplementary provisions
• 18 Invalidity retirement
• 19 Reduction of pension in certain circumstances
• 19A Preservation of pension in certain cases
• 20 Suspension of pension

Division 2--Commutation of pension

• 21 Commutation of pension
• 21A Application of section 21 to certain member pensioners

Division 2A--Superannuation benefits for PSS 3 members

• 21AB Application of Division
• 21AC Interpretation
• 21AD Retirement at or above age 55
• 21AE Cessation of membership before age 55
• 21AF Preservation of components
• 21AG Cessation of membership on ground of invalidity
• 21AH Death of PSS 3 member
• 21AI Determination of invalidity/death insurance

Division 3--Related matters

• 22 Other benefits under PSS 1
• 22A Other benefits under PSS 2
• 23 Pension paid for limited period
• 23AA Commutation to pay deferred superannuation contributions surcharge--pension entitlements
• 23AAB Commutation to pay deferred superannuation contributions surcharge--lump sum entitlements
• 23AAC Commutation to pay deferred superannuation contributions surcharge following death of member
• 23AAD Withheld amount
• 23AAE Payment of Division 293 tax

PART 4A--Family Law Act provisions

• 23A Purpose of this Part
• 23B Interpretation
• 23D Value of superannuation interest
• 23E Non-member spouse's entitlement
• 23F Non-member spouse's entitlement where pension is in growth phase
• 23G Non-member spouse's entitlement where pension is in payment phase
• 23H Payment of non-member spouse's entitlement
• 23I Reduction in member's entitlement
• 23J Benefit not payable to spouse on death of member if split has occurred
• 23K Board to comply with Commonwealth requirements
• 23L Fees

PART 5--Pension for spouse and child benefit

Division 1--Pension for spouse

• 24 Pension for spouse of deceased PSS 1 member pensioner
• 25 Pension for spouse of deceased PSS 1 member
• 25A Pension for spouse of PSS 2 member pensioner
• 25B Pension for spouse of deceased PSS 2 member
• 25C Interpretation
• 26 Spouse pension
• 26AAA Spouse entitlement subject to any Family Law determination

Division 1A--Commutation of spouse pension

• 26AA Commutation of pension

Division 2--Child benefit

• 26AAB Application of Division
• 26A Certain former members deemed members at time of death
• 27 Determination of child benefit
• 28 Child benefit, general
• 29 Child benefit where no spouse's pension payable
• 30 Payment to, or on behalf of, child
• 31 Cessation of child benefit

PART 5A--Benefit payable to member's estate (PSS 1 or PSS 2)

• 31A Benefits payable to member's estate (PSS 1 or PSS 2)

PART 6--Adjustment of pensions

Division 1--Pensioners under repealed Act

• 32 Pensions to continue
• 33 Spouse pension continued
• 34 Suspension of certain pensions

Division 2--Future adjustment

• 35 Adjustment of pensions

PART 7--Miscellaneous

• 36 Additional invalidity/death insurance
• 36A Division of benefit where deceased member is survived by lawful and putative spouses
• 36B Power to obtain information
• 37 Payment of benefits
• 38 Pensions not assignable
• 39 Financial provision
• 39A Confidentiality
• 40 Regulations
• SCHEDULE 1--Transitional provision
• SCHEDULE 2--Table showing maximum percentage of pension that may be commuted
• SCHEDULE 3--Commutation factors for spouse pensions
Legislative history