Personal Explanation

Statutes Amendment (Fund Selection and Other Superannuation Matters) Bill

The Hon. R.I. LUCAS (Treasurer) (15:25): I seek leave to make a statement to correct a statement I made in the house earlier in the week.

Leave granted.

The Hon. R.I. LUCAS: During the debate on the superannuation bill on Tuesday, I was asked whether the Super SA Board had considered and approved the future outsourcing of its insurance services. I indicated that my understanding was that there had been no decision taken by the board. I am advised that that statement was not correct.

Late last year, Super SA sought my approval to take to cabinet a proposal to cease their current self-insurance arrangement and move to an industry standard arrangement of external insurance for Triple S members. That is not all their members, but Triple S members. I did not sign the approval request, and the proposal did not proceed to cabinet.