Military Superannuation and Benefits Board of Trustees No. 1
MSB Board
1 October 1991 – 1 July 2011
Trustee of the Military Superannuation and Benefits Scheme (MSBS), the superannuation scheme for Australian Defence Force members who joined from 1 October 1991, responsible for investing the scheme's fund.
How it came into existence
Established under the Military Superannuation and Benefits Act 1991 when the MSBS commenced on 1 October 1991, replacing the DFRDB scheme for new members of the permanent forces.
Legislation: Military Superannuation and Benefits Act 1991
How it ended
Abolished on 1 July 2011 under the Governance of Australian Government Superannuation Schemes Act 2011, which merged it and the Defence Force Retirement and Death Benefits Authority into the Australian Reward Investment Alliance, renamed the Commonwealth Superannuation Corporation; trusteeship of the MSBS passed to the Corporation.
- Trusteeship of the MSBS
Main functions
- Trustee of the Military Superannuation and Benefits Scheme
- Investment of the MSBS fund
- Determination of member benefits
- Oversight of scheme administration by ComSuper
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.