Explanatory Memorandum
(Circulated by the authority of the Treasurer, the Hon John Dawkins, M.P.)Military Superannuation and Benefits Act 1991
Summary of proposed amendments
The amendments to section 6 and section 7 extend MSBS coverage to members of the Defence Force who are serving for less than 12 months and are not currently members of the DFRDB Scheme or the MSBS.
Explanation of proposed amendments
As the MSBS will meet the superannuation guarantee requirements, the inclusion of those members who are not currently covered will ensure there is no superannuation guarantee shortfall.
Commencement date
The amendments to the Military Superannuation and Benefits Act 1991 apply from 1 July 1992.
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