Australian Defence Force Superannuation Act 2015

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The Australian Defence Force Superannuation Act 2015 is an Act that provides for a superannuation scheme, known as the Australian Defence Force Superannuation Scheme (ADF Super), to be established by the Commonwealth. The Act applies both within and outside Australia. The scheme is administered by the Commonwealth Superannuation Corporation (CSC). A person becomes an ADF Super member if they are a member of the Permanent Forces or a continuous full-time Reservist on or after 1 July 2016, or if they make an election to become a member. The Act sets out the rules for the administration of the scheme, including contributions, payment of benefits, and the management of the ADF Super Fund. The Department of the Defence must pay contributions to CSC for the benefit of each ADF Super member. The costs of administering the Act and the Trust Deed are paid by CSC out of the ADF Super Fund in accordance with the Trust Deed. The Act also provides for family law interest splitting provisions.