CDF Announces Nominees for Proposed Consolidated Board
Background
In October 2008 the Government announced that it intended to merge the MilitarySuper Board, the DFRDB Authority and the ARIA Board (the trustee of the CSS, PSS and PSSap civilian schemes) from 1 July 2010.
It is proposed that from 1 July 2010 the Commonwealth Superannuation Corporation will be the single trustee body to be responsible for most Commonwealth Government superannuation schemes. This will include the Military Superannuation and Benefits Scheme and the Defence Force Retirement and Death Benefits scheme.
Update
The Chief of the Defence Force, Air Chief Marshal Angus Houston, AC, AFC, announced on 13 May 2010 that he has nominated General Peter Cosgrove, AC, MC and Mr John McCullagh as the Australian Defence Force member representative directors on the proposed Commonwealth Superannuation Corporation. The appointment of the nominees is subject to passage of the Governance of Australian Government Superannuation Schemes Bill 2010 which is currently before Parliament.
For more information see the media release from the Department of Defence.
The DFRDB Authority will continue to keep Members advised of progress in this matter.