Superannuation Industry (Supervision) Amendment Regulations 2000 (No. 1) (Cth)

Superannuation Industry (Supervision) Amendment Regulations 2000 (No. 1)

Statutory Rules 2000 No. 119

I, WILLIAM PATRICK DEANE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under theSuperannuation Industry (Supervision) Act 1993.

Dated 7 June 2000

WILLIAM DEANE

Governor-General

By His Excellency’s Command

C. R. KEMP

Assistant Treasurer

Superannuation Industry (Supervision) Amendment Regulations 2000 (No. 1)1

Statutory Rules 2000 No. 1192

made under the

Superannuation Industry (Supervision) Act 1993

   

Contents

Page

• •
• •

 

Do not delete: Part placeholder

Do not delete: Division placeholder

1Name of Regulations

 These Regulations are the Superannuation Industry (Supervision) Amendment Regulations 2000 (No. 1).

2Commencement

 These Regulations commence on gazettal.

3Amendment of Superannuation Industry (Supervision) Regulations 1994

Schedule 1 amends the Superannuation Industry (Supervision) Regulations 1994.

Schedule 1Amendments

Do not delete: Schedule Part placeholder

(regulation 3)

[1]Subregulation 1.04AA (1)

after

exempt person

insert

mentioned in subregulation (2)

[2]After subregulation 1.04AA (2)

insert

• (3)

  For the purposes of paragraph 17A (8) (b) of the Act, a class of persons is a specified class if it comprises persons each of whom is a member of a superannuation fund in relation to which the following circumstances exist:

  • (a)

    the person is the employer, but not a relative, of a member of the fund (the employee);

  • (b)

    another member is the employer, and a relative, of that employee.

Notes

1. These Regulations amend Statutory Rules 1994 No. 57, as amended by 1994 Nos. 189 and 432; 1995 Nos. 47, 64, 142, 158, 159, 240, 293, 384 and 430; 1996 Nos. 44, 57, 122 and 344; 1997 Nos. 69, 117, 152, 153, 221, 243, 293, 309, 343 and 415; 1998 Nos. 76, 83, 108, 175, 177, 193, 240 and 312; 1999 Nos. 14, 31, 115, 239, 317 and 356.

2. Made by the Governor-General on 7 June 2000, and notified in the Commonwealth of Australia Gazette on 15 June 2000.