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Public Sector Superannuation Legislation Amendment 2022

✦ Plain-English Summary

# Public Sector Superannuation Legislation Amendment Bill 2022

## What it does
This bill changes how superannuation contributions work for federal public servants and politicians. Instead of the government putting money into a specific "basic contributions fund," it now lets employees choose where their super goes — or uses a default fund if they don't pick one.

## Why it matters
It gives public sector workers more control over their retirement savings, similar to what private sector workers already have. This aligns with the broader superannuation system and should make it easier for people to consolidate their super accounts and compare investment options.

## Key details
- **Affected groups:** Federal public servants, parliamentarians, and judges under the main superannuation schemes
- **How it works:** The government will contribute to your "chosen fund" first; if you haven't chosen one, it goes to a "stapled fund" (one attached to an old employer); if neither exists, it goes to a default fund
- **When it starts:** The day after the bill receives Royal Assent (final approval from the Governor-General)

Official Description

Implements certain 'Your Future, Your Super' reforms by amending the: Parliamentary Superannuation Act 2004 to: remove the existing choice of fund provisions; enable the Commonwealth to make employer superannuation contributions for new parliamentarians to a chosen, stapled or default fund in various circumstances; and provide for the determination of a default fund for parliamentarians if an existing default fund is unable to accept new members due to failing the annual performance test for MySuper products for two consecutive years; Superannuation Act 2005 to provide for the determination of an alternative default fund for Australian Public Service employees if the Public Sector Superannuation Accumulation Plan is unable to accept new members due to failing the annual performance test for MySuper products for two consecutive years; Governance of Australian Government Superannuation Schemes Act 2011 and Parliamentary Business Resources Act 2017 to make consequential amendments; and Federal Circuit and Family Court of Australia Act 2021 to enable the Commonwealth to make employer superannuation contributions for judges of the Federal Circuit and Family Court of Australia to a chosen, stapled or default fund in various circumstances.

Full bill PDF →APH page →

Audit History

Introduced

17 Feb 2022

Last updated on APH

10 Apr 2026

Last checked by Crossbench

today

Next review

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