New Fund Pays Tasmania's Superannuation Debts Using Half the GST Surplus
Superannuation Liability (GST Windfall Fund) Bill 2025
House of Assembly
Legislative Council
Assent
Topics
budget government funding government spending GST windfall public finance public sector superannuation retirement benefits superannuation tax revenue taxation
Introduced by: The Hon Eric Abetz MP (LIB)
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 Treasury Secretary must decide if there is a GST windfall within three months of the final budget outcome report.
The Treasury 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 to pay off superannuation debts.
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.