House of Representatives
Superannuation Guarantee(Consequential Amendments) Bill 1992
Superannuation Guarantee (Consequential Amendments) Act 1992
Explanatory Memorandum
(Circulated by the authority of the Treasurer, the Hon John Dawkins, M.P.)Defence Force Retirement and Death Benefits Act 1973
Summary of proposed amendments
The amendment to section 61B applies to members in receipt of DFRDB pensions who return to render continuous full time service in the Defence Force. It removes the prohibition on MSBS membership for those who serve for less than three months.
Explanation of proposed amendments
The amendment is consequential on the amendment also proposed by this Bill to the Military Superannuation and Benefits Act 1991 which opens up the MSBS to all Reservists rendering continuous full time service, including those who serve for less than three months.
Commencement date
The amendments to the Defence Force Retirement and Death Benefits Act 1973 apply from 1 July 1992.