Parliament is expected to stymie a trio of bureaucrats seeking to have the value of their free overseas accommodation included in their superannuation calculation, with the highly unusual retrospective legislation to save the Commonwealth up to $8 billion.
The government is acting before a Federal Court ruling on the case, bringing urgent legislation to parliament this week and seeking to have it passed within days. Then-treasurer Wayne Swan outside Stoke Lodge, the residence of the Australian High Commissioner to London in 2008Its advice is if the case brought by Brendan Peace, Peter Fennell and Timothy Vistarini is successful, it could open the Commonwealth up to claims from some 10,000 public servants who were posted overseas at any time since 1986.
A senior government figure, speaking on condition of anonymity to discuss internal party meetings, said if the value of rent-free accommodation was included in the salary package from which superannuation was calculated, in some cases public servants could find their superannuation growing from $1 million to $11 million.
The case and its broader implications were included in May’s budget papers as posing a potential fiscal risk to the Commonwealth’s bottom line.
katinacurtis SenKatyG Senator, can you explain to me why it is OK to retrospectively alter legislation to stop public servants claiming $8BN in superannuation but it is not OK to retrospectively alter legislation to claw $36BN back from corporations overpaid Jobkeeper? In simple terms please
katinacurtis So these guys get accommodation overseas without needing to pay rent (cool) and that triggers additional super payments. Hmm
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