Description: A short description of the legislation.

The Superannuation Act is a significant piece of Australian legislation that governs the management and operation of government superannuation schemes. This Act primarily deals with the public sector superannuation schemes, outlining the rules for contributions, benefits, and the administration of funds. It establishes the framework for the accumulation and payment of retirement benefits to government employees. The Act ensures the financial sustainability of these schemes, while providing a secure retirement income for public servants. It is a key component of Australia’s retirement income system, reflecting the government’s commitment to supporting its employees in their post-retirement years.

Application to Australian agriculture: Where the legislation is applicable.

The Superannuation Act impacts the agriculture industry in Australia by providing a framework for retirement savings for public sector employees, including those in agricultural research, education, and regulatory roles. This ensures long-term financial security for these workers, contributing to a stable and sustainable agricultural workforce.

Compliance information: Often the evidence of compliance against a piece of legislation is that there is not a breach of the Act. Where appropriate, the developers of this database have listed evidence which could be used to show compliance if a breach was to be found. Many Best Management Practice (BMP) schemes and other certifications in Australian agriculture include this evidence for accreditation.

Source documents: Links to the legislation documents.

• https://www.legislation.gov.au/C2005A00080/2022-09-28/2022-09-28/text/original/pdf