❓ A parliamentary question regarding a loophole in the Government Employees Superannuation Board (GESB) scheme that allowed certain members to gain an unfair financial advantage. The question seeks information on those who benefited, disciplinary actions, and the mandatory nature of GESB membership.
AnsweredQoN 1728Legislative Assembly
QuestionView source ↗
(1) Will the Minister provide a list of Government Employees Superannuation Board staff and fund members who benefited from the so-called loophole which allowed them to “switch” frequently to gain an unfair financial advantage at the expense of other members?
(a) If not, why not?
(2) Were any of the fund members who benefited from taking advantage of the so-called loophole family relatives to the staff members involved in the scheme?
(3) Which Government agencies did the fund members who benefited from the scheme work for?
(4) What disciplinary action has been taken by the GESB against staff members who participated in the scheme?
(5) Will any disciplinary action be taken against fund members who participated in the scheme?
(6) Why are all State Government employees forced to join the GESB fund, when most other employees in Australia are able to elect to join the superannuation fund of their choice?
(a) If not, why not?
(2) Were any of the fund members who benefited from taking advantage of the so-called loophole family relatives to the staff members involved in the scheme?
(3) Which Government agencies did the fund members who benefited from the scheme work for?
(4) What disciplinary action has been taken by the GESB against staff members who participated in the scheme?
(5) Will any disciplinary action be taken against fund members who participated in the scheme?
(6) Why are all State Government employees forced to join the GESB fund, when most other employees in Australia are able to elect to join the superannuation fund of their choice?
AnswerView source ↗
Answered
26 February 2007
Response time
76 days
2 - 3 It is not appropriate for GESB to release personal information relating to its members or information which may identify them. 4 - 5 GESB, in close liaison with relevant authorities, is taking appropriate disciplinary action in relation to GESB employees who were identified as frequently switching. Legal advice from the State Solicitor's Office has confirmed that it is not open to take disciplinary action against fund members, other than GESB employees. 6. Current Government policy is that compulsory employer superannuation contributions for public sector employees are paid to GESB unless an exemption is granted.
It is not appropriate for GESB to release personal information relating to its members or information which may identify them. 4 - 5 GESB, in close liaison with relevant authorities, is taking appropriate disciplinary action in relation to GESB employees who were identified as frequently switching. Legal advice from the State Solicitor's Office has confirmed that it is not open to take disciplinary action against fund members, other than GESB employees. 6. Current Government policy is that compulsory employer superannuation contributions for public sector employees are paid to GESB unless an exemption is granted.
4 - 5 GESB, in close liaison with relevant authorities, is taking appropriate disciplinary action in relation to GESB employees who were identified as frequently switching. Legal advice from the State Solicitor's Office has confirmed that it is not open to take disciplinary action against fund members, other than GESB employees. 6. Current Government policy is that compulsory employer superannuation contributions for public sector employees are paid to GESB unless an exemption is granted.
GESB, in close liaison with relevant authorities, is taking appropriate disciplinary action in relation to GESB employees who were identified as frequently switching. Legal advice from the State Solicitor's Office has confirmed that it is not open to take disciplinary action against fund members, other than GESB employees. 6. Current Government policy is that compulsory employer superannuation contributions for public sector employees are paid to GESB unless an exemption is granted.
6. Current Government policy is that compulsory employer superannuation contributions for public sector employees are paid to GESB unless an exemption is granted.
Current Government policy is that compulsory employer superannuation contributions for public sector employees are paid to GESB unless an exemption is granted.
It is not appropriate for GESB to release personal information relating to its members or information which may identify them. 4 - 5 GESB, in close liaison with relevant authorities, is taking appropriate disciplinary action in relation to GESB employees who were identified as frequently switching. Legal advice from the State Solicitor's Office has confirmed that it is not open to take disciplinary action against fund members, other than GESB employees. 6. Current Government policy is that compulsory employer superannuation contributions for public sector employees are paid to GESB unless an exemption is granted.
4 - 5 GESB, in close liaison with relevant authorities, is taking appropriate disciplinary action in relation to GESB employees who were identified as frequently switching. Legal advice from the State Solicitor's Office has confirmed that it is not open to take disciplinary action against fund members, other than GESB employees. 6. Current Government policy is that compulsory employer superannuation contributions for public sector employees are paid to GESB unless an exemption is granted.
GESB, in close liaison with relevant authorities, is taking appropriate disciplinary action in relation to GESB employees who were identified as frequently switching. Legal advice from the State Solicitor's Office has confirmed that it is not open to take disciplinary action against fund members, other than GESB employees. 6. Current Government policy is that compulsory employer superannuation contributions for public sector employees are paid to GESB unless an exemption is granted.
6. Current Government policy is that compulsory employer superannuation contributions for public sector employees are paid to GESB unless an exemption is granted.
Current Government policy is that compulsory employer superannuation contributions for public sector employees are paid to GESB unless an exemption is granted.
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