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<hansard id="" tocId="" xml:lang="EN-AU" schemaVersion="1.0" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xml="http://www.w3.org/XML/1998/namespace" xmlns:xsi="http://www.w3.org/2007/XMLSchema-instance" xmlns:mml="http://www.w3.org/1998/Math/MathML" xsi:noNamespaceSchemaLocation="hansard_1_0.xsd">
  <name>House of Assembly</name>
  <date date="2008-04-29" />
  <sessionName>Fifty-First Parliament, Second Session (51-2)</sessionName>
  <parliamentNum>51</parliamentNum>
  <sessionNum>2</sessionNum>
  <parliamentName>Parliament of South Australia</parliamentName>
  <house>House of Assembly</house>
  <venue></venue>
  <reviewStage>published</reviewStage>
  <startPage num="3077" />
  <endPage num="3147" />
  <dateModified time="2022-08-06T14:30:00+00:00" />
  <proceeding continued="true">
    <name>Bills</name>
    <subject>
      <name>Statutes Amendment (Police Superannuation) Bill</name>
      <text id="2008042922a2ded06108441db0000896">
        <heading>STATUTES AMENDMENT (POLICE SUPERANNUATION) BILL</heading>
      </text>
      <subproceeding>
        <name>Final Stages</name>
        <text id="2008042922a2ded06108441db0000897">
          <heading>Final Stages</heading>
        </text>
        <text id="2008042922a2ded06108441db0000898">The Legislative Council agreed to the bill with the amendments indicated by the following schedule, to which amendments the Legislative Council desires the concurrence of the House of Assembly:</text>
        <text id="2008042922a2ded06108441db0000899">
          <inserted>No. 1. New clause, page 12, after line 26—</inserted>
        </text>
        <text id="2008042922a2ded06108441db0000900">
          <item sublevel="2">
            <inserted>After clause 32 insert:</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000901">
          <item sublevel="3">
            <inserted>32A-Amendment of section 7 A—Accretions to members' accounts</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000902">
          <item sublevel="3">
            <inserted>Section 7A—After subsection (3) insert:</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000903">
          <item sublevel="3">
            <inserted>(3a)&amp;#x9;If members are permitted by the Board to nominate a class or combination of classes of investments, the option of nominating a class of investments based on consideration of the impact of the investments on society and the environment must be made available to members (subject to terms and conditions determined by the Board).</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000904">
          <inserted>No. 2. New clause, page 16, after line 25—</inserted>
        </text>
        <text id="2008042922a2ded06108441db0000905">
          <item sublevel="2">
            <inserted>After clause 43 insert:</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000906">
          <item sublevel="3">
            <inserted>43A-Amendment of section 26E—Accretions to spouse members' accounts</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000907">
          <item sublevel="3">
            <inserted>Section 26E—After subsection (3) insert:</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000908">
          <item sublevel="3">
            <inserted>(3a)&amp;#x9;If spouse members are permitted by the Board to nominate a class or combination of classes of investments, the option of nominating a class of investments based on consideration of the impact of the investments on society and the environment must be made available to spouse members (subject to terms and conditions determined by the Board).</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000909">
          <inserted>No. 3. Clause 45, page 16, after line 34—</inserted>
        </text>
        <text id="2008042922a2ded06108441db0000910">
          <item sublevel="2">
            <inserted>After subclause (2) insert:</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000911">
          <item sublevel="3">
            <inserted>(2a)&amp;#x9;Section 27—After subsection (4) insert:</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000912">
          <item sublevel="3">
            <inserted>(4a)&amp;#x9;If members are permitted by the Board to nominate a class or combination of classes of investments, the option of nominating a class of investments based on consideration of the impact of the investments on society and the environment must be made available to members (subject to terms and conditions determined by the Board)</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000913">
          <inserted>No. 4. New clauses, page 17, after line 2—</inserted>
        </text>
        <text id="2008042922a2ded06108441db0000914">
          <item sublevel="2">
            <inserted>After clause 45 insert:</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000915">
          <item sublevel="3">
            <inserted>45A—Amendment of section 30A—Transition to retirement</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000916">
          <item sublevel="3">
            <inserted>(1)&amp;#x9;Section 30A(7}—Delete 'The investment' and substitute: </inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000917">
          <item sublevel="4">
            <inserted>Subject to subsection (7a), the investment</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000918">
          <item sublevel="3">
            <inserted>(2)&amp;#x9;Section 30A—After subsection (7) insert:</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000919">
          <item sublevel="4">
            <inserted>(7a)&amp;#x9;The investment of a draw down benefit under subsection (4)(b)(i) must, if the member so requests, be based on consideration of the impact of the investment on society and the environment (subject to terms and conditions determined by the Board).</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000920">
          <item sublevel="3">
            <inserted>45B—Amendment of section 30B—Early access to superannuation benefits</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000921">
          <item sublevel="3">
            <inserted>(1)&amp;#x9;Section 30B(8}—Delete 'An investment' and substitute: </inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000922">
          <item sublevel="4">
            <inserted>Subject to subsection (8a), an investment </inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000923">
          <item sublevel="3">
            <inserted>(2)&amp;#x9;Section 30B—After subsection (8) insert:</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000924">
          <item sublevel="4">
            <inserted>(8a)&amp;#x9;An investment under subsection (7) must, if the member so requests, be based on consideration of the impact of the investment on society and the environment (subject to terms and conditions determined by the Board).</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000925">
          <inserted>No. 5. New clause, page 17, after line 37—</inserted>
        </text>
        <text id="2008042922a2ded06108441db0000926">
          <item sublevel="2">
            <inserted>After clause 51 insert:</inserted>
          </item>
        </text>
        <page num="3147" />
        <text id="2008042922a2ded06108441db0000927">
          <item sublevel="3">
            <inserted>51A—Amendment of section 47B—Post retirement investment</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000928">
          <item sublevel="3">
            <inserted>Section 47B—After subsection (4) insert:</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000929">
          <item sublevel="4">
            <inserted>(4a)&amp;#x9;Despite subsections (2) and (3)(a), the investment of money accepted by the Board under subsection (1) must, if the investor so requests, be based on consideration of the impact of the investment on society and the environment (subject to terms and conditions determined by the Board).</inserted>
          </item>
        </text>
        <text id="2008042922a2ded06108441db0000930" />
        <text id="2008042922a2ded06108441db0000931">At 18:29 the house adjourned until Wednesday 30 April 2008 at 11:00.</text>
        <text id="2008042922a2ded06108441db0000932" />
        <text id="2008042922a2ded06108441db0000933" />
      </subproceeding>
    </subject>
  </proceeding>
</hansard>