Superannuation (CSS) (Productivity Contributions) Regulations 2002 (Cth)

Superannuation (CSS) (Productivity Contributions) Regulations 2002

Statutory Rules 2002 No. 1411

I, PETER JOHN HOLLINGWORTH, 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 26 June 2002

PETER HOLLINGWORTH

Governor-General

By His Excellency’s Command

NICK MINCHIN

Minister for Finance and Administration

    

1Name of Regulations

 These Regulations are the Superannuation (CSS) (Productivity Contributions) Regulations 2002.

2Commencement

 These Regulations commence on 1 July 2002.

3Definitions

 In these Regulations:

Act means the Superannuation Act 1976.

productivity employee has the meaning given by section 110A of the Act.

4Purpose of Regulations

 For subsection 155C (1) of the Act, these Regulations are made for the purpose of enabling the CSS Fund to satisfy the conditions and requirements specified in the SIS Act.

5Status of productivity contributions

Despite section 110H of the Act, productivity contributions are not payable in respect of a productivity employee if, under the SIS Act, the CSS Fund is not permitted to receive those contributions.

Note   Section 110H deals with the payment to the CSS Fund of productivity contributions in respect of productivity employees.

Note

1. Notified in the Commonwealth of Australia Gazette