On 24 February 2010, the Bills covering the proposed merger and other governance and administration reforms were referred to the Senate Standing Committee on Finance and Public Administration. The Committee is due to report on its findings by 15 March.
If passed, these Bills are due to take effect on 1 July this year.
If you would like more information visit Minister for Finance and Deregulation.
| 31 October 2008 | The government announced a package of reforms for its superannuation schemes, including a proposed merger of the Australian Reward Investment Alliance (ARIA), the Military Superannuation and Benefits Scheme (MSBS) and the Defence Force Retirement and Death Benefits Scheme (DFRDB) boards. The reforms focus on streamlining governance and administration arrangements, and will not impact members’ super benefits. Each of the schemes will retain their own legislative framework which determines members’ benefits and entitlements. |
| 26 November 2009 | The Government announced further reforms to improve the administration arrangements of Australian Government superannuation schemes, including the outsourcing of administration services of PSSap. |
| 22 December 2009 | The Government announced the appointment of Mr Tony Hyams as the Chairperson to ARIA. Hyams is also Chairperson of the Military Superannuation and Benefits Board of Trustees (MSB Board) and a director of AGEST Super. |
| 4 February 2010 | The Minister for Finance and Deregulation, Lindsay Tanner, introduced the Governance of Australian Government Superannuation Scheme Bill 2010 and Superannuation Legislation (Consequential Amendments and Transitional Provisions) Bill 2010. |
