Extract from Hansard Legislative Council 24 July 2001
Mike Elliott Leader Australian Democrats Member of the Legislative Council		Parliament Index 2001 Autumn Sitting Index Browse by Subject   Search all Democrats material About the SA Parliament Hansard on line

Adjourned debate on second reading ( resumed on motion).

(Continued from page 1999.)

The Hon. M.J. ELLIOTT: I indicate the Democrats' support for the second reading of this bill. When anyone sees something such as superannuation legislation being amended, one's first reaction is to ask, `What is being taken away from someone?', but a closer examination of this legislation and another bill- which perhaps I might speak to at the same time; that is, No. 13 on the Notice Paper , Statues Amendment (Indexation of Superannuation Pensions) Bill-in both cases indicates that the level of benefits and so on are improving. As I understand it, when invalidity and death insurance was first offered, insurance payments for a certain level of cover were fairly high, but I understand that actuarial experience has indicated that it was higher than it needed to be and that there will now be a significant decrease.

Other than noting, as I said, that there is no decrease of benefits indicated in this piece of legislation and that all indications are an improvement, I can find no fault with the legislation.

Adjourned debate on second reading ( resumed on motion).

(Continued from page 2007.)

The Hon. M.J. ELLIOTT: I indicate the Democrats' support for the second reading of this bill. As with the previous legislation there is no diminution of benefits but in fact some improvement in the scheme. The Democrats support the second reading.

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