Summary

Part of a package of three bills to establish new superannuation arrangements for people joining the Australian Defence Force (ADF) on or after 1 July 2016, the bill: establishes the Australian Defence Force Superannuation Scheme (ADF Super) as an accumulation (or defined contribution) scheme available to either permanent ADF members or reservists on continuous full-time service; and enables ADF members to choose which superannuation scheme they belong to and give those members the ability to transfer their accumulated ADF Super benefits to a fund of their choice when they leave the ADF.