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Treasury & financeStatutory authority

Defence Force Retirement and Death Benefits Authority

DFRDB Authority

1 October 1972 – 1 July 2011

Statutory authority responsible for the Defence Force Retirement and Death Benefits (DFRDB) scheme, the superannuation scheme for permanent Australian Defence Force members from 1972 to 1991, and for the closed DFRB scheme.

How it came into existence

Established by the Defence Force Retirement and Death Benefits Act 1973, which took effect from 1 October 1972 and replaced the Defence Forces Retirement Benefits Board and the DFRB scheme for new members.

Legislation: Defence Force Retirement and Death Benefits Act 1973

Changes during its life

  1. 1 October 1991The DFRDB scheme closed to new members when the Military Superannuation and Benefits Scheme began.

How it ended

Abolished on 1 July 2011 under the Governance of Australian Government Superannuation Schemes Act 2011; its responsibilities for the DFRDB and DFRB schemes passed to the Commonwealth Superannuation Corporation.

Main functions

  • Oversight of the DFRDB scheme
  • Responsibility for the closed DFRB scheme
  • Determination of retirement, invalidity and reversionary benefits
  • Reporting on the schemes to Parliament

Where it sits

Last in the portfolio of Department of Defence.

Lineage

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Sources

Some dates or links for this organisation are not fully confirmed. Corrections are welcome.