Commonwealth of Australia Explanatory Memoranda

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PUBLIC GOVERNANCE AND RESOURCES LEGISLATION AMENDMENT BILL (NO. 1) 2015

                                           2013-2014-2015

         THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA

                                HOUSE OF REPRESENTATIVES

            PUBLIC GOVERNANCE AND RESOURCES LEGISLATION
                              AMENDMENT BILL (NO. 1) 2015

                 SUPPLEMENTARY EXPLANATORY MEMORANDUM
                                             Amendments

                            to be moved on behalf of the Government

(Circulated by authority of the Minister for Finance, Senator the Hon Mathias Cormann)
AMENDMENTS TO THE PUBLIC GOVERNANCE AND RESOURCES
LEGISLATION AMENDMENT BILL (NO. 1) 2015
GENERAL OUTLINE
The Public Governance and Resources Legislation Amendment Bill (No. 1) 2015 (the Bill)
was introduced in the House of Representatives on 12 February 2015.
The amendments to the Bill will amend the Parliamentary Superannuation Act 2004 to
enable parliamentarians who are covered by that Act to direct their superannuation
contributions to self managed superannuation funds.
The amendments will also amend the Remuneration and Allowances Act 1990 to allow salary
sacrificing to self managed superannuation funds. The restriction on salary sacrificing to
self managed superannuation funds was a consequence of the general restriction on
superannuation contributions being made into self managed superannuation funds and will no
longer be relevant.
FINANCIAL IMPACT STATEMENT
The amendments to the Bill have no financial impact.
STATEMENT OF COMPATIBILITY WITH HUMAN RIGHTS
The amendments to the Bill, if enacted, will not affect any of the applicable rights or
freedoms outlined in the Human Rights (Parliamentary Scrutiny) Act 2011.
The amendments are therefore compatible with the human rights and freedoms recognised or
declared in the international instruments listed in subsection 3(1) of the Human Rights
(Parliamentary Scrutiny) Act 2011.
NOTES ON AMENDMENTS
Amendments 1 to 4 remove restrictions in the Parliamentary Superannuation Act 2004 on
parliamentarians directing their superannuation contributions to self managed superannuation
funds.
Amendments 5 to 8 remove restrictions in the Remuneration and Allowances Act 1990 on
parliamentarians salary sacrificing to self managed superannuation funds.

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