Occupational Superannuation Standards Regulations (Amendment) (Cth)

Statutory

Rules1991No. 58 1

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Occupational Superannuation Standards Regulations 2(Amendment)

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Occupational Superannuation Standards Act 1987.

 Dated 21 March 1991.

  BILL HAYDEN

 Governor-General

 By His Excellency’s Command,

SIMON CREAN

Minister of State for Science and Technology

for and on behalf of the

Treasurer

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1.   Amendment

1.1   The Occupational Superannuation Standards Regulations are amended as set out in these Regulations.

2.   Regulation 4k (Periods for determination of reasonable benefit limits)

2.1   Paragraphs 4k (1) (a), (2) (a) and (4) (a):

Omit “February” and “9 months”, substitute “May” and “12 months” respectively.

2.2   Subregulation 4k (5):

Omit the subregulation, substitute:

“(5)

For the purposes of subsection 15k (8) of the Act, the period within which the Commissioner must revise a determination is:

• (a)

  if the application for revision is received before 1 May 1991—the period of 12 months after the person has applied to the Commissioner for revision of the determination, reduced by the number of days from the beginning of 1 July 1990 to the end of the day on which the application was made; or

• (b)

  if the application for revision is received on or after 1 May 1991—the period of 60 days after the person has applied to the Commissioner for revision of the determination.”.

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NOTES

1. Notified in the Commonwealth of Australia Gazette on 28 March 1991.

 

2. Statutory Rules 1987 No. 322 as amended to date. For previous amendments see Note 2 to Statutory Rules 1991 No. 16 and see also