Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2006 (No. 3) (Cth)
Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2006 (No. 3)
Family Law (Superannuation) Regulations 2001
I, PHILIP MAXWELL RUDDOCK, Attorney‑General, make this Approval under regulations 38 and 43A of the Family Law (Superannuation) Regulations 2001.
Dated 19 April 2006
PHILIP RUDDOCK
Attorney‑General
Name of Approval
This Approval is the Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2006 (No. 3).
Commencement
This Approval commences on the day after it is registered.
Amendment of Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval 2003
Schedule 1 amends the Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval 2003.
Schedule 1 Amendments
(section 3)
[1] Schedule 3, Division 1.1, clause 1, definition of new scheme member
omit
State Superannuation Fund of Victoria.
insert
superannuation scheme established by the SS Act.
[2] Schedule 3, Division 1.1, clause 1, definition of SS Fund
omit
[3] Schedule 3, Division 1.2, clause 2
omit everything before the table, insert
Methods and factors for interests of new scheme members in superannuation scheme established by SS Act
For an interest, or a component of an interest, of a new scheme member that is in the growth phase in the superannuation scheme established by the SS Act and that is mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this approval.
[4] Schedule 3, Division 1.3, clause 3
omit everything before the table, insert
Methods and factors for interests of new scheme members in superannuation scheme established by SS Act
For an interest of a new scheme member that is in the payment phase in the superannuation scheme established by the SS Act and that is mentioned in an item in the following table, the method or factor mentioned in an item is approved for section 4 of this approval.
[5] Schedule 3, Part 2, clause 1
before the definition of new scheme, insert
Emergency Services Superannuation Board means the Emergency Services Superannuation Board established under subsection 5 (1) of the Emergency Services Superannuation Act 1986 (Vic).
[6] Schedule 3, Part 2, clause 1, definition of revised scheme member
omit
State Superannuation Fund of Victoria.
insert
superannuation scheme established by the SS Act.
[7] Schedule 3, Part 2, clause 1, definition of SS Fund
omit
[8] Schedule 3, Part 2, clause 1, definition of Transport Superannuation Fund
substitute
Transport Superannuation Fund means the Transport Superannuation Fund referred to in subsection 61 (5) of the SS Act.
[9] Schedule 3, Part 2, clause 1, definition of Victorian GSO
omit
[10] Schedule 3, Part 2, clause 2
omit everything before the table, insert
Methods and factors for interests of revised scheme members in superannuation scheme established by SS Act
For an interest of a revised scheme member that is in the growth phase in the superannuation scheme established by the SS Act mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this approval.
[11] Schedule 3, Part 2, clause 2, table, item 1, column 2, paragraph (h)
substitute
(h) has had his or her employment terminated under section 33 of the PSME Act or under subsection 81A (6) or (7) of the Public Sector Management Act 1992 (Vic); or
(i) elected under subsection 69 (3) of the SS Act to cease to contribute in accordance with that Act.
[12] Schedule 3, Part 2, clause 2, table, item 1, column 2
omit
Victorian GSO
insert
Emergency Services Superannuation Board
[13] Schedule 3, Part 2, clause 2, table, item 14, column 2, paragraph (a)
omit
under subsection 61 (1) of the SS Act
[14] Schedule 3, Part 3, clause 1
before the definition of SERB Act, insert
Emergency Services Superannuation Board means the Emergency Services Superannuation Board established under subsection 5 (1) of the Emergency Services Superannuation Act 1986 (Vic).
[15] Schedule 3, Part 3, clause 1, definition of SERB scheme
omit
[16] Schedule 3, Part 3, clause 1, definition of SS Fund
omit
[17] Schedule 3, Part 3, clause 1, definition of Transport Superannuation Fund
substitute
Transport Superannuation Fund means the Transport Superannuation Fund referred to in subsection 61 (5) of the SS Act.
[18] Schedule 3, Part 3, clause 1, definition of Victorian GSO
omit
[19] Schedule 3, Part 3, clause 2
omit everything before the table, insert
Methods and factors for interests of members of superannuation scheme established by SERB Act
For an interest, or a component of an interest, of a member that is in the growth phase in the superannuation scheme established by the SERB Act and that is mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this approval.
[20] Schedule 3, Part 3, clause 2, table, item 1, column 2
omit
SERB scheme member
insert
member of the superannuation scheme established by the SERB Act
[21] Schedule 3, Part 3, clause 2, table, item 1, column 2, paragraph (g)
substitute
(g) become entitled to benefits under subsection 77 (1) of the SERB Act on ceasing to be an employee of a water authority so as to become an employee of another water authority; or
(h) elected under subsection 22A (3) of the SERB Act to cease to contribute in accordance with that Act.
[22] Schedule 3, Part 3, clause 2, table, item 1, column 2
omit
Victorian GSO
insert
Emergency Services Superannuation Board
[23] Schedule 3, Part 3, clause 2, table, items 2 to 13, column 2
omit
SERB scheme member in the SS Fund
insert
member of the superannuation scheme established by the SERB Act
[24] Schedule 3, Part 3, clause 2, table, item 14
omit
[25] Schedule 3, Part 5, heading
substitute
Part 5 Benefits provided under Transport Superannuation Act 1989 (Vic)
[26] Schedule 3, Division 5.1, clause 1, definition of SS Fund
omit
[27] Schedule 3, Division 5.1, clause 1, definition of Transport scheme
omit
[28] Schedule 3, Division 5.2, clause 2
omit everything before the table, insert
Methods and factors for interests of members of superannuation scheme established by TS Act
For an interest, or a component of an interest, of a member that is in the growth phase in the superannuation scheme established by the TS Act and that is mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this approval.
[29] Schedule 3, Division 5.3, clause 3
omit everything before the table, insert
Methods and factors for interests of members of superannuation scheme established by TS Act
For an interest of a member that is in the payment phase in the superannuation scheme established by the TS Act and that is mentioned in an item in the following table, the method or factor mentioned in the item is approved for section 4 of this approval.
[30] Schedule 3, Division 5.3, clause 3, table, item 1, column 2
omit
member of the Transport Scheme
insert
member of the superannuation scheme established by the TS Act
[31] Further amendments — SS Act Superannuation Scheme
The following provisions are amended by omitting ‘SS Fund’ and inserting ‘superannuation scheme established by the SS Act’:
· Schedule 3, Division 1.2, clause 2, table, items 1 to 7, column 2
· Schedule 3, Division 1.3, clause 3, table, item 1, column 2
· Schedule 3, Part 2, clause 2, table, items 1 to 18, column 2.
[32] Further amendments — TS Act Superannuation Scheme
The following provisions are amended by omitting ‘Transport scheme member in the SS Fund’ and inserting ‘member of the superannuation scheme established by the TS Act’:
· Schedule 3, Part 5, clause 2, table, items 1 to 3, column 2.
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