✦ Plain-English Summary

Superannuation Amendment (PSSAP Membership) 2020

What it does

This law changes who can be a member of the Public Sector Superannuation Accumulation Plan (PSSAP). It removes a rule that stopped former public sector employees from joining PSSAP, and creates clearer categories for different types of public servants and their superannuation eligibility.

Why it matters

The change means some public sector workers who previously couldn't access PSSAP now can. This affects their retirement savings options and potentially their superannuation benefits.

Key details

• Who's affected: Mainly people who worked in the Public Sector Superannuation Scheme (PSS) or under the old Superannuation Act 1976 but have since left those schemes
• The main change: Removes the barrier preventing "former Commonwealth ordinary employer-sponsored members" from joining PSSAP
• When it starts: The law comes into effect on a date to be announced, but no later than 6 months after it received Royal Assent (which happened in 2020)

Official Description

Amends the Superannuation Act 2005 to extend membership of the Public Sector Superannuation Accumulation Plan to certain current and former Commonwealth employees and statutory office holders who are not otherwise eligible.

No formal division recorded

This bill passed by voice vote — parliament agreed without calling a formal count. A division is only recorded when a member explicitly requests one.

No votes yet.

No votes were recorded for this bill.