Superannuation (CSS) (Eligible Employees – Exclusion) Amendment Declaration 2019 (No. 1) (Cth)

Superannuation (CSS) (Eligible Employees – Exclusion) Amendment Declaration 2019 (No. 1)

I, MATHIAS HUBERT PAUL CORMANN, Minister for Finance and the Public Service, make the following Declaration.

Dated 19/02/19                                   

MATHIAS HUBERT PAUL CORMANN

Minister for Finance and the Public Service

Contents

1  Name........................................................................................................................................ 1

2  Commencement........................................................................................................................ 1

3  Authority.................................................................................................................................. 1

4  Schedules................................................................................................................................. 1

Schedule 1—Amendments  2

Superannuation (CSS) (Eligible Employees – Exclusion) Declaration 2003   2

1  Name

This instrument is the Superannuation (CSS) (Eligible Employees – Exclusion) Amendment Declaration 2019 (No. 1).

2  Commencement

This instrument commences on 1 July 2019.

3  Authority

This instrument is made under paragraph (j) of the definition of eligible employee in subsection 3(1) of the Superannuation Act 1976.

4  Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments

Superannuation (CSS) (Eligible Employees – Exclusion) Declaration 2003

1  Subsection 3(1) of Part 1 (after the definition of ARPC)

Insert the following new definition:

ASIC means the Australian Securities and Investments Commission established by the Australian Securities and Investments Commission Act 1989 and continued in existence by the Australian Securities and Investments Commission Act 2001.

2  Schedule 1 (after table item 26)

Insert:

27	A person who becomes an eligible employee under paragraph 4(2)(s) of the Inclusion Declaration	The person ceases to be an employee of ASIC	The end of the day on which the person ceases to be an employee of ASIC
		The person becomes a casual or temporary part-time employee of ASIC	The end of the day immediately before the day on which the person becomes a casual or temporary part-time employee of ASIC
		ASIC ceases to be a Commonwealth entity for the purposes of the Public Governance, Performance and Accountability Act 2013	The end of the last day on which ASIC is a Commonwealth entity