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

Statutory Rules 1993 No. 501

 

Superannuation (Continuing Contributions for Benefits) Regulations2 (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 April 1993.

BILL HAYDEN

Governor-General

By His Excellency’s Command,

RALPH WILLIS

Minister for Finance

 

1. Amendment

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

[NOTE: These Regulations commence on gazettal: see Acts Interpretation Act 1901, s. 48.]

2. Regulation 2 (Interpretation)

2.1 Insert the following definitions:

“‘Qantas employee’means an employee (other than a casual employee or a temporary part-time employee) of a company that is:

(a) Qantas; or

(b) a Qantas subsidiary;

within the respective meanings of the Qantas Sale Act 1992;

‘the 50% sale day’ has the same meaning as in the Qantas Sale Act

1992.”.

3. Regulation 3A (Classes of persons to which section 14A of the Act applies)

3.1 Subparagraph 3A (h) (iii):

Omit “Scheme.”, substitute “Scheme;”.

3.2 Add at the end:

“(j) a class of persons each of whom:

(i) before the 50% sale day, becomes a Qantas employee; and

(ii) immediately before so becoming a Qantas employee, was an eligible employee employed by Australian Airlines Limited; and

(iii) does not cease to be a Qantas employee; and

(iv) does not become a member of a superannuation scheme, other than the scheme provided for under the Act, that applies to the person’s employment as a Qantas employee.”.

4. Regulation 4 (When s. 14A no longer applies)

4.1 Add at the end:

“(8) Section 14A of the Act ceases to apply to the class of persons mentioned in paragraph 3A (j) at the end of the day immediately before the 50% sale day.”.

 

5. Schedule 1 (Modification of Act)

5.1 Subitem 2.1 (inserted paragraph (1A) (f)):

Omit “Corporation.”, substitute “Corporation;”.

5.2 Subitem 2.1 (inserted subsection (1A)):

Add at the end:

“(g) a company that is:

(i) Qantas; or

(ii) a Qantas subsidiary;

within the respective meanings of the Qantas Sale Act 1992.”.

NOTES

1. Notified in the Commonwealth of Australia Gazette on 21 April 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 No. 3.