Finance and Deregulation
Australian Government Superannuation — termination of information technology project
| 2007‑08 | 2008‑09 | 2009‑10 | 2010‑11 | 2011‑12 | |
|---|---|---|---|---|---|
| Comsuper | - | -3.9 | -14.7 | -10.4 | - |
| Related expense ($m) | |||||
| Comsuper | - | 0.1 | -0.1 | -0.4 | - |
The Government will not proceed with the measure Australian Government Superannuation — strengthening information technology capacity announced in the 2007‑08 Budget. This measure will provide savings of $29.3 million over three years (including $0.3 million in operational savings over three years from 2008‑09). Longer term information technology requirements for ComSuper will now be considered as part of the review of the administration arrangements relating to the main civilian and military schemes.
See also the related expense measure titled Australian Government Superannuation Schemes — consolidation of governance and administration arrangements in the Finance and Deregulation portfolio.
Further information can be found in the joint press release of 31 October 2008 issued by the Minister for Finance and Deregulation and the Minister for Superannuation and Corporate Law.
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