Online updates to PSSap Product Disclosure Statement(PDS)

Removal of same-sex discrimination and family law legislation

New legislation removed same-sex discrimination from Commonwealth superannuation laws. The amending legislation is effective from 1 January 2009 and allows eligible same-sex partners to receive death benefits upon the death of their partner. Eligible children of same-sex couples will also have access to this benefit.

The Family Law Amendment (De Facto Financial Matters and Other Measures) Act 2008 came into effect on 1 March 2009. The new legislation updates the Family Law Act 1975 to provide for opposite-sex and same-sex de facto couples to access the federal family law courts on property and maintenance matters.

The changes also include recognition of financial agreements between de facto couples and superannuation splitting where determined by court proceedings. This was previously only available to legally married couples of the opposite sex.

As a result, in the PDS:

  • the definition of ‘spouse’ includes same-sex or opposite sex de facto
  • all references to ‘spouse’ now mean ‘spouse or partner’.

Australian Government super co-contributions and changes to contribution caps

The following information amends the PDS by inserting the information below to replace page 19 and 20.

Tax and your super

The following information amends the PDS by inserting the tables below to replace Table 16 on page 75 and Table 18 on page 78.

Friday 28 August 2009