THIRTIETH AMENDMENT

of the

PUBLIC SECTOR SUPERANNUATION SCHEME TRUST DEED

THIS DEED is made on 19^th December 2007        by THE COMMONWEALTH OF AUSTRALIA.

WHEREAS section 4 of the Superannuation Act 1990 (the Act) provides for the Minister to establish an occupational superannuation scheme to be administered by the Board established under section 20 of the Act (the Board);

AND WHEREAS the Public Sector Superannuation Scheme (the PSS) was established by a Trust Deed dated 21 June 1990 (the Trust Deed)[1];

AND WHEREAS the Schedule to the Trust Deed contains Rules for the administration of the PSS (the Rules);

AND WHEREAS the Trust Deed and the Rules have been amended from time to time by various Deeds;

AND WHEREAS section 5 of the Act provides for the Minister, by instrument in writing, to amend the Trust Deed, and requires the consent of the Board to amendments in certain circumstances;

AND WHEREAS the Board has consented to the amendments provided for in this Deed.

NOW THIS DEED WITNESSES as follows:

1.         Commencement of amendments

The amendments in this Deed take effect immediately after the commencement of clause 6 of the Twenty-ninth Amending Deed.

2.         Interpretation

Unless a contrary intention appears, a word or phrase in this Deed has the same meaning that it has in the Trust Deed and the Rules.

In this Deed Twenty-ninth Amending Deed means the deed registered on the Federal Register of Legislative Instruments on 31 August 2007 (Legislative Instrument number F2007L03519).

Clause 3 – Technical amendments concerning early release of benefits

3.         The Rules are amended as follows:

3.1       Rule 16.1.2 is amended by replacing the definition of additional accumulation amount with the following definition:

“additional accumulation           in relation to a member spouse who is, or has been at any

amount                                       time, a member, is the amount, if any, that would become payable if the accumulated transfer amount became payable as a lump sum at the operative time, less any part of that amount that would relate to the early release deduction amount.”

3.2       Rule 16.1.2 is amended by replacing the definition of member contributions amount with the following definition:

“member contributions              in relation to a member spouse who is, or has been at any

amount                                       time, a member, is the amount that would become payable if the accumulated member contributions became payable as a lump sum at the operative time, less any part of that amount that would relate to the early release deduction amount.”

3.3       Rule 16.1.2 is amended by replacing the definition of productivity contributions amount with the following definition:

“productivity contributions       in relation to a member spouse who is, or has been at any

amount                                       time, a member, is the amount that would become payable if the accumulated productivity contributions became payable as a lump sum at the operative time, less any part of that amount that would relate to the early release deduction amount.”

3.4       Rule 16.8.1 is amended by replacing the first-mentioned formula with the following formula:

“ABM × AS × ABF_y+m,s + AMC × (1 - MCF_y+m,s) + APC × (1 - PCF_y+m,s) + ATA - ERDA”

3.5       Rule 16.8.2 is amended by:

(a)        replacing the first-mentioned formula with the following formula:

“UDB × UDBF_y+m + FDB × FDBF_y+m + ATA - ERDA”

(b)        inserting the following definition after the definition of ATA:

“ERDA (see Rule 16.1.2)”

3.6       Rule 16.8.3 is amended by replacing the first-mentioned formula with the following formula:

“UDB × UDBF_y+m + FDB + ATA - ERDA”

IN WITNESS WHEREOF this Deed has been executed the day and year first hereinbefore written.

SIGNED, SEALED AND DELIVERED                      )

                                                                                    )

by the Honourable LINDSAY TANNER                     )           …Lindsay Tanner……………………..

                                                                                    )

Minister for Finance and Deregulation               )

                                                                                    )

for and on behalf of                                                       )

                                                                                    )

THE COMMONWEALTH OF                                   )

                                                                                    )

AUSTRALIA, in the presence of:                                 )

                                                                                    )

                                                                                    )

                        (name)                                                  )           …Ray Thomas……………………..

                                                                                    )

                                                                                    )

                        (address)                                              )           …106 Clauscen Street North Fitzroy..

                                                                                    )

                                                                                    )

                        (description)                                         )           …State Government Advisor………..

                                                                                    )

Note to the Deed:  TABLE LISTING TRUST DEED AND AMENDING DEEDS

Before 1 January 2005, section 45 of the Superannuation Act 1990 provided, in part, that instruments under subsection 5(1) of that Act amending the Trust Deed were disallowable instruments for the purposes of section 46A of the Acts Interpretation Act 1901. The effect of these provisions was that amending instruments were required to be notified in the Gazette and take effect from the date of gazettal (unless the instrument provided otherwise).

From 1 January 2005, paragraph 6(d) of the Legislative Instruments Act 2003 declared disallowable instruments (such as the instruments amending the Trust Deed) to be legislative instruments. Legislative instruments are registered on the Federal Register of Legislative Instruments instead of being notified in the Gazette.