The South Australian Parliament has recently passed amendments to legislation governing the operation of remuneration and superannuation schemes.
The Statutes Amendment (Superannuation and Other Payments) Bill (the Bill) – introduced by the State Government – aims to address inconsistencies between public sector superannuation schemes and modernise outdated provisions.
The Electricity Corporations Act 1994 (the Act), which governs the operation of the Electricity Industry Superannuation Scheme (ElectricSuper), is captured by the Bill.
What does it mean for you?
There is no change to the day-to-day operation of the scheme as a result of the Bill’s passage. Your benefits, entitlements and account balances remain fully protected under law.
The scheme continues to operate under its trust deed and rules, governed by a Board working in the best interest of members.
One notable change now provides an instrument for ElectricSuper to consider potential partnerships with like-minded funds. The Bill also seeks to preserve the rights and benefits of scheme members should ElectricSuper choose to partner with another fund.
For participating employers, the legislation also introduces a simpler process for them to manage their involvement with the scheme where no defined benefit members remain.
The amendments to the Act received Royal Assent on Thursday 4 December 2025.