Michael McCormack (Riverina, National Party, Parliamentary Secretary to the Minister for Finance) Share this | Hansard source

The Australian government is resolutely committed to supporting Australian Defence Force members throughout their service and in their retirement. All three branches of the ADF have bases in my electorate of Riverina. Indeed, Wagga Wagga is the only inland city in Australia with all three arms of Defence. The Kapooka Army Recruit Training Centre is quite justifiably the home of the soldier. We have the Royal Australian Air Force base at Forest Hill, which recently celebrated a magnificent milestone of service dating back to World War II. Even though Wagga Wagga is many hundreds of kilometres inland, we have an important training base of the Royal Australian Navy, with strong connections to HMAS Albatross at Nowra. I am proud to represent these soldiers, sailors, airmen and airwomen in the parliament and to put forward the case for improvements to their service conditions. As part of the government's commitment to the ADF, these bills establish a new military superannuation scheme for ADF members to be known as ADF Super and a new insurance scheme to be known as ADF Cover, and introduce for the first time flexible service to allow ADF members to serve part time.

The Australian Defence Force Superannuation Bill 2015 was introduced on 25 June 2015. The bill introduces new, modern and flexible superannuation arrangements for people joining the ADF on and after 1 July 2016. The new military superannuation scheme will be a fully funded accumulation scheme.

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