Structure, organisations and key people
The Parliamentary Retiring Allowances Trust (the Trust) was established by section 5 of the Parliamentary Contributory Superannuation Act 1948 (the Act). The Act provides a contributory superannuation scheme for all parliamentarians who entered Parliament before 9 October 2004. The Trust has responsibility for matters where discretion has been given under the Act.
The Trust consists of five trustees - the Minister for Finance (or a Minister authorised by the Minister for Finance) who is the presiding trustee, plus two Senators and two Members of the House of Representatives appointed by their respective Houses. The current trustees are shown below.
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