Chapter 1
Background
Origin of the reference
1.1 On 3 March 1998, the Selection of Bills Standing Committee resolved
that the following Bills be referred to the Select Committee on Superannuation
for inquiry and report by 26 March 1998:
Commonwealth Superannuation Board Bill 1997
Superannuation Legislation (Commonwealth Employment) Repeal and Amendment
Bill 1997
Superannuation Legislation (Commonwealth Employment – Saving
and Transitional Provisions) Bill 1997
1.2 The Committee subsequently sought and was granted an extension of
time till 1 April 1998.
1.3 The Selection of Bills Committee provided the following reasons for
the conduct of the inquiry:
The bills appear to implement a policy that is inconsistent with the
approach in the Superannuation Freedom of Choice Bills. The Committee
needs to consider whether these bills will leave workers worse off or
not, and whether they will involve additional costs for public sector
workers.
Conduct of the inquiry
1.4 The Committee sought submissions from a number of organisations nominated
by the Committee members and conducted a public hearing in Canberra on
Tuesday 24 March 1998.
1.5 Four submissions were received (see Appendix A) and the names of
those who gave evidence at the public hearing are listed in Appendix B.
1.6 The Committee expresses its appreciation to those who made submissions
and gave oral evidence.
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