Super scheme for councillors
226 Super scheme for councillors
A local government (other than the Brisbane City Council) may, for its councillors—
establish and amend a superannuation scheme; or
take part in a superannuation scheme.
Note—
For a similar power of the Brisbane City Council, see the City of Brisbane Act 2010, section 210.
If it does so, the local government may pay an amount from its operating fund to the superannuation scheme as a contribution for its councillors.
However, the local government must not make contributions to the superannuation scheme—
of more than the proportion of a salary that is payable by the local government for its standard permanent employees under this part; or
for a person who is no longer a councillor.
A councillor of the local government may enter into an arrangement with the local government under which—
the councillor agrees to forgo a percentage or amount of the remuneration that the councillor is entitled to as a councillor; and
the local government agrees to contribute the percentage or amount to the superannuation scheme for the councillor.
A superannuation scheme is a superannuation scheme that complies with the Commonwealth Super Act.
This Act’s bill:Explanatory memorandumSecond reading speech
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