Superannuation (Deferred Benefits) Regulations (Amendment) (Cth)

Statutory Rules 1995

No. 406 1

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Superannuation (Deferred 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 12 December 1995.

 BILL HAYDEN

 Governor-General

By His Excellency’s Command,

KIM C. BEAZLEY

Minister for Finance

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1.   Commencement

1.1   These Regulations are taken to have commenced on 1 July 1995.

2.   Amendment

2.1   The Superannuation (Deferred Benefits) Regulations are amended as set out in these Regulations.

3.   Regulation 1 (Citation)

3.1   Omit the regulation, substitute:

Citation

“1.

These Regulations may be cited as the Superannuation (CSS) Deferred Benefits Regulations.”.

4. New

regulation 4

4.1   After regulation 3, insert:

Provisions under subsection 155C (1) of the Act—SIS

“4.

(1) The provisions in subregulations (2) and (3) are made for the purposes of enabling the Fund to satisfy the conditions and requirements specified in and under the SIS Act.

“(2)

Subsection 111A (4) of the Act is to be read as if paragraph (b) were omitted and the following paragraph were substituted:

• ‘(b)

  if, before that anniversary, the payment in full of the benefit becomes permissible under the SIS Act by reason of the satisfaction by the person of a condition of release imposed by or under that Act—the day on which the condition of release is satisfied.’.

“(3)

Subsection 138 (3) is to be read as if subparagraph (a) (ii) and paragraph (b) were omitted.”.

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NOTES

1. Notified in the Commonwealth of Australia Gazette on 19 December 1995.

2. Statutory Rules 1979 No. 46 as amended by 1991 No. 170; 1992 No. 265; 1995 No. 92.