Parliamentary Salaries and Superannuation Amendment (Salary Restraint) Act 2012

Authorised by the Chief Parliamentary Counsel Authorised Version i Parliamentary Salaries and Superannuation Amendment (Salary Restraint) Act 2012 No. 34 of 2012 TABLE OF PROVISIONS Section Page 1 Purpose 1 2 Commencement 2 3 New section 3B inserted—Salary restraint 2 3B Salary restraint 2 4 Repeal of amending Act 2 ═══════════════ ENDNOTES 3 -- 1 of 4 -- Authorised by the Chief Parliamentary Counsel Authorised Version 1 Parliamentary Salaries and Superannuation Amendment (Salary Restraint) Act 2012 † No. 34 of 2012 [Assented to 13 June 2012] The Parliament of Victoria enacts: 1 Purpose The purpose of this Act is to amend the Parliamentary Salaries and Superannuation Act 1968 to limit the increase to the salary that would otherwise be payable to members of the Parliament of Victoria for the financial year beginning 1 July 2012 to 2·5%. Victoria -- 2 of 4 -- Parliamentary Salaries and Superannuation Amendment (Salary Restraint) Act 2012 No. 34 of 2012 2 Authorised by the Chief Parliamentary Counsel 2 Commencement This Act comes into operation on 1 July 2012. 3 New section 3B inserted—Salary restraint After section 3A of the Parliamentary Salaries and Superannuation Act 1968 insert— "3B Salary restraint Despite anything to the contrary in section 3 or 10, the definition of basic salary in section 3 has effect for the purposes of this Act for the duration of the financial year commencing 1 July 2012 as if the basic salary payable as at 30 June 2012 as determined in accordance with section 3A were increased by 2·5%.". 4 Repeal of amending Act This Act is repealed on 1 July 2013. Note The repeal of this Act does not affect the continuing operation of the amendments made by it (see section 15(1) of the Interpretation of Legislation Act 1984). ═══════════════ See: Act No. 7723. Reprint No. 10 as at 10 September 2009 and amending Act Nos 41/2007, 4/2009, 13/2010, 40/2010, 37/2011 and 46/2011. LawToday: www. legislation. vic.gov.au s. 2 -- 3 of 4 -- Parliamentary Salaries and Superannuation Amendment (Salary Restraint) Act 2012 No. 34 of 2012 3 Authorised by the Chief Parliamentary Counsel ENDNOTES † Minister's second reading speech— Legislative Assembly: 2 May 2012 Legislative Council: 24 May 2012 The long title for the Bill for this Act was "A Bill for an Act to amend the Parliamentary Salaries and Superannuation Act 1968 and for other purposes." Endnotes -- 4 of 4 --