Abolishing the AAT
The Administrative Review Tribunal (ART) is a federal administrative review body proposed in the Measures Bill 2024, introduced into Parliament on 21 August. The bill seeks to abolish the existing Administrative Appeals Tribunal (AAT) and amend references to the ‘AAT’ in current legislation. This proposed change is part of a legislative package that establishes the ART to replace the AAT.
Superannuation on paid parental leave
The Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Bill of 2024, was introduced into Parliament on 22 August 2024. This bill proposes to add superannuation contributions to the existing Commonwealth-funded Paid Parental Leave Scheme for Parental Leave Pay (PLP). If the bill is passed, these contributions will apply to children born on or after 1 July 2025. Eligible PLP recipients will receive the Paid Parental Leave Superannuation Contribution (PPLSC) as a lump sum payment after the end of each financial year. This payment will include:
- A core component will be calculated by multiplying the total amount of PLP paid for the person in an income year by the superannuation guarantee rate for that income year.
- Additionally, a nominal interest component will address the foregone returns resulting from the annual payment of the PPLSC.