Superannuation (Continuing Contributions for Benefits) Regulations (Amendment) (Cth)

Statutory Rules 1993

No. 348 1

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Superannuation (Continuing Contributions for Benefits) Regulations 2(Amendment)

I, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Superannuation Act 1976.

 Dated 15 December 1993.

 BILL HAYDEN

 Governor-General

 By His Excellency’s Command,

RALPH WILLIS

Minister for Finance

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1.   Commencement

1.1   These Regulations are taken to have commenced on 18 December 1992.

2.    Amendment

2.1   The Superannuation (Continuing Contributions for Benefits) Regulations are amended as set out in these Regulations.

3.    Schedule 1 (Modifications of Act)

3.1   Item 1:

Inserted section 124d (Repayment of benefits):

Omit the inserted section, substitute:

Benefits not payable in certain circumstances

 “124d. If a benefit becomes, or became, payable under this Act to, or in respect of, a person to whom this Part applies on the commencement of any period that is, in relation to that person, a relevant period:

• (a)

  the benefit is taken not to be, or to have been, payable; and

• (b)

  if the benefit or any part of the benefit is paid, the person must repay the amount of that benefit or that part of the benefit to the Commissioner.”.

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NOTES

1. Notified in the Commonwealth of Australia Gazette on 17 December 1993.

2. Statutory Rules 1981 No. 36 as amended by 1987 No. 290; 1989 No. 168; 1990 Nos. 179 and 379; 1991 Nos. 97, 168, 446 and 465; 1992 Nos. 27, 213, 323, 428 and 460; 1993 Nos. 3 and 50.