Tuesday, 4 March 2025

Superannuation Legislation Amendment Bill 2025

Introduction and first reading

Danny PEARSON (Essendon – Minister for Economic Growth and Jobs, Minister for Finance) (12:09): I move:

That I introduce a bill for an act to amend the Emergency Services Superannuation Act 1986, the State Superannuation Act 1988 and the Transport Superannuation Act 1988 and for other purposes.

Motion agreed to.

Bridget VALLENCE (Evelyn) (12:10): I ask for a brief explanation of the bill.

Danny PEARSON (Essendon – Minister for Economic Growth and Jobs, Minister for Finance) (12:10): The bill will amend the Emergency Services Superannuation Act 1986 to (a) legislate the superable salary policy for executive officers and contract employees who are members of the Emergency Services Superannuation Scheme, (b) extend the period available to allow spouses following the death of a member to apply to become a member of the Emergency Services and State Super’s accumulation scheme, (c) increase the number of times a member can change their contribution rate each year, including amendments to both the State Superannuation Act 1988 and the Transport Superannuation Act 1988 to achieve the same purpose and (d) introduce various amendments to support the efficient operation of the ESSSuper board.

Read first time.

Ordered to be read second time tomorrow.