State Superannuation Regulations 2001 (WA)

Western Australia

State Superannuation Act 2000

Western Australia

State Superannuation Act 2000

State Superannuation Regulations 2001

These regulations may be cited as the State Superannuation Regulations 2001.

These regulations come into operation on the day on which the State Superannuation Act 2000 comes into operation.

• (1)

  In these regulations —

accumulation account means —

• (a)

  for a West State Super Member, the Member’s west state account (as defined in regulation 50); and

• (aa)

  for a GESB Super Member, the Member’s GESB Super account (as defined in regulation 83); and

• (b)

  for a Retirement Income Member, the Member’s retirement income account (as defined in regulation 171); and

• (c)

  for a Term Allocated Pension Member, the Member’s term allocated pension account (as defined in regulation 196A); and

• (d)

  for a GESB Super (Retirement Access) Member, the Member’s retirement access account (as defined in regulation 201);

AFCA scheme has the meaning given in the Corporations Act section 761A (which refers to the external dispute resolution scheme provided for in Part 7.10A of that Act);

Australian Financial Complaints Authority means the operator of the AFCA scheme;

charge percentage means the Employer’s charge percentage for the relevant Member, calculated in accordance with section 19 of the SGA Act before applying any reduction under section 22 or 23 of that Act;

commencement day means the day on which these regulations come into operation;

Commonwealth payment means a payment from the Commonwealth Commissioner of Taxation of —

• (a)

  a shortfall component under the Superannuation Guarantee (Administration) Act 1992 of the Commonwealth; or

• (b)

  a Government co‑contribution under the Superannuation (Government Co‑contribution for Low Income Earners) Act 2003 of the Commonwealth; or

• (c)

  any other amount that the Commissioner may, under a law of the Commonwealth, pay to the Fund for a Member;

Commonwealth Unclaimed Money Act means the Superannuation (Unclaimed Money and Lost Members) Act 1999 (Commonwealth);

commutation authority means a commutation authority issued by the Commonwealth Commissioner of Taxation under the Taxation Administration Act 1953 (Commonwealth) Schedule 1 Division 136;

condition of release means a condition of release specified in the SIS Regulations Schedule 1;

contribution period means the period selected under regulation 4;

contributions‑split transfer means a transfer to a scheme from another scheme or superannuation fund in accordance with Division 6.7 of the SIS Regulations, or that would be in accordance with that Division if the transferring scheme or fund were a regulated superannuation fund;

contributions tax means tax imposed by the Superannuation Contributions Tax Imposition Act 1997 or Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Imposition Act 1997 of the Commonwealth;

CPI rate means, for a financial year, the greater of zero and the rate equal to CPI in the formula — 

where —

• I

  T      is the Consumer Price Index number (All Groups Index) for Perth published by the Commonwealth Statistician under the Census and Statistics…