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Tuesday, 10 May 2005

Statutes Amendment Bill (No 4)

Part 7A Government Superannuation Fund Act 1956
HansardID: 7a18279f-8432-481c-acd7-5210b4edd697
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πŸ—£οΈ Speech Lindsay Tisch (New Zealand National Party β€” Member for Piako)
Time unknown

I raise a point of order, Mr Chairperson. I seek some clarification on this part, particularly of clause 33B. The Minister does not need to make a speech about it; he can just nod in agreement or shake his head. I understand that the provision here is directed at police officers who, to get their money out at the age of 50 years, will perf in order to get their superannuation, but who then cannot be re-employed. I do not know whether that is correct, in fact, and I ask whether the Minister, if he is able to, could shake his head or nod in agreement to confirm that the changes that are being made will allow members to access their funds and receive a lump-sum payment, without being disadvantaged. Am I correct in that assessment of what Part 7A, and specifically clause 33B, is about?

The CHAIRPERSON (H V Ross Robertson): Is there any objection to any of those clauses?

I just wondered whether the Minister could give me a nod about that. I ask whether I am correct in that assessment.

πŸ’¬ Hon Rick Barker: I just want the member to repeat the question.

The situation, as I understand it, is that when police officers turn 50, they will be able to access their funds. Rather than being able to do that at present, they perf in order to receive their superannuation, but then they cannot be re-employed. I understand this clause will allow members of the police to access their funds, so that they will not be disadvantaged. All I want is clarification about that point.

πŸ’¬ Hon Rick Barker: My officials advise me that that is correct.

Part 7A agreed to.

Part 8 agreed to.

New Part 8A Judicature Act 1908

The question was put that the amendment set out on Supplementary Order Paper 349 in the name of the Hon Rick Barker to insert new Part 8A be agreed to.

New Part 8A agreed to.

Parts 9 to 11 agreed to.

Part 12 Motor Vehicle Sales Act 2003

πŸ—£οΈ Spoke in this debate (1)

  • Lindsay Tisch (New Zealand National Party β€” Member for Piako)