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Governance of Australian Government Superannuation Schemes Act 2011
In force
Administered by
Department of Finance
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C2020C00223 C07
01 July 2020
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Table of contents
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Part 1—Preliminary
1 Short title
2 Commencement
3 Objects
4 Definitions
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Part 2—Commonwealth Superannuation Corporation
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Division 1—Establishment and constitution of CSC
5 Establishment
6 Application of the Public Governance, Performance and Accountability Act 2013
7 CSC’s constitution
8 CSC’s functions
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Division 2—Board of CSC
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Subdivision A—Establishment and function
9 Establishment
10 Function
11 Membership
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Subdivision B—Appointment etc. of directors
12 Appointment of directors
13 Term of appointment
14 Remuneration and allowances
15 Leave of absence
16 Resignation
17 Termination of appointment
18 Acting appointments
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Subdivision C—Meetings of the Board
19 Holding of meetings
20 Presiding at meetings
21 Quorum
22 Disclosure of interests to the Board
23 Voting at meetings
24 Decisions without meetings
25 Minutes of meetings
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Division 3—Staff of CSC
26 Staff of CSC
27 Consultants
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Part 3—Finance and reporting requirements
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Division 1—Provisions relating to finance
28 Banking
29 Accounting records
29A Making payments on behalf of the Commonwealth
29B Receiving payments or other amounts on behalf of the Commonwealth
29C Recovering debts owing to the Commonwealth
29D Instruments in relation to payments, other amounts or debts
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Division 1A—CSC Special Account
29E CSC Special Account
29F Credits to the Account
29G Purposes of the Account
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Division 2—Reporting requirements
30 Annual report and financial statements
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Part 4—Miscellaneous
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Division 1—Application of other laws
31 Trustee Act of ACT to apply
32 Exemption from taxation—CSC
33 Exemption from taxation—superannuation schemes and superannuation funds administered by CSC
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Division 2—Provisions relating to the Board
34 Source of funds for paying remuneration and allowances
35 Indemnification of directors etc.
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Division 3—Miscellaneous
36 Delegation by CSC
37 Long service leave
38 Regulations
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Endnotes
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history