Gary Humphries (ACT, Liberal Party, Shadow Parliamentary Secretary for Defence Materiel) Share this | Hansard source

asked the Minister for Finance and Deregulation, upon notice, on 16 November 2010:

Given that on page 42 of the Matthews Review report (Review of pension indexation arrangements in Australian Government civilian and military superannuation schemes, by Mr Trevor Matthews, dated December 2008), the department is quoted as stating that there 'are no identifiable assets available to offset an

increase to the unfunded liability' and that the 'Future Fund currently only has sufficient assets to meet superannuation liabilities at and beyond 2020 arising from current indexation arrangements':

(1) Given the investment return of the Future Fund over the past financial year (i.e. 10.7 per cent), is it feasible that the annual cash cost of improved indexation arrangements could be reasonably met (after prospective legislative amendment) by accessing excess earnings from the Future Fund without creating serious detriment to the Fund's original purpose.

(2) Has the department undertaken any detailed analysis of this proposal including potential 'clawbacks' of age pension and taxation receipts.