❓ Question regarding conflict of interest reporting requirements for staff, Ministers, and Members of Parliament concerning self-managed superannuation funds (SMSFs). The answer clarifies the reporting obligations under existing legislation and guidelines.
AnsweredQoN 1873Legislative Assembly
QuestionView source ↗
I refer to page 139 of the Department of Premier and Cabinet’s 2012–2013 annual report, which refers to governance disclosures and conflicts of interest, and ask: (a) are staff required to report any conflicts of interest in regards to their self managed superannuation funds; (b) do these requirements also apply to Ministers and Members of Parliament; and (c) do Ministers have to declare a financial interest held in a self managed superannuation fund to Cabinet?
AnswerView source ↗
Answered
18 March 2014
Response time
26 days
The Department of the Premier and Cabinet advises:
(a) Yes - on the condition that they satisfy requirements contained in the Public Sector Commissioner's Circular 2012-02 -
Self-Managed Superannuation Funds (SMSF) - Outside
Employment, that is that they are involved in a self-managed superfund as a trustee or director of a corporate trustee.
(b) - (c) Members of Parliament are required to comply with the
Members of Parliament (Financial Interests) Act 1992
. In addition, Ministers and Parliamentary Secretaries are guided by the Ministerial Code of Conduct and report pecuniary interests such as interests held in self-managed superannuation funds.
(a) Yes - on the condition that they satisfy requirements contained in the Public Sector Commissioner's Circular 2012-02 -
Self-Managed Superannuation Funds (SMSF) - Outside
Employment, that is that they are involved in a self-managed superfund as a trustee or director of a corporate trustee.
(b) - (c) Members of Parliament are required to comply with the
Members of Parliament (Financial Interests) Act 1992
. In addition, Ministers and Parliamentary Secretaries are guided by the Ministerial Code of Conduct and report pecuniary interests such as interests held in self-managed superannuation funds.
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.