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.


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