Twenty-eighth Amending Deed to the Trust Deed to Establish an Occupational Superannuation Scheme for Australian Government Employees and Certain Other Persons (the Public Sector Superannuation Scheme) (Cth)

TWENTY-EIGHTH AMENDMENT of the PUBLIC SECTOR SUPERANNUATION SCHEME TRUST DEED

THIS DEED is made on 21 June 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. The amendments in this Deed take effect as follows:

(a) subject to paragraph (b), on the day after this Deed is registered on the Federal Register of Legislative Instruments;

(b) in relation to clauses 8 and 9, on 1 July 2007.

To avoid doubt, the amendments made by clause 8 do not affect any determination or determinations by the Board as to rates of interest and methods of allocation before 1 July 2007.

2. 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.

3. The Trust Deed is amended as follows:

3.1 Paragraph 3.2(i) is replaced with the following paragraph:

"(i) effect policies with insurers in the Board's name to provide additional death and invalidity cover for members as provided for in the Rules;"