[no bill text published] Funding mechanism for unfunded superannuation liabilities
Superannuation Liability (GST Windfall Fund) Bill 2025
1st House
2nd House
Law
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
The State establishes a Superannuation Liability Fund to offset unfunded superannuation debts.
The Secretary must decide if there is a GST windfall within three months of the final budget outcome report.
The Secretary must pay 50% of any GST windfall into the Superannuation Liability Fund.
The Treasurer can transfer money from the Superannuation Liability Fund to the Retirement Benefits Fund.
Money cannot be moved out of the Superannuation Liability Fund for any other purpose.
The Treasurer can move money to another public account and close the fund; this requires approval from both Houses of Parliament.