Superannuation (Productivity Benefit) Alternative Arrangements (Short-Term and Highly-Casual Employment) Declaration No. 1 (Cth)

Statutory Rules 1995   No. 75¹

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Superannuation (Productivity Benefit) Alternative Arrangements (Short-Term and Highly-Casual Employment) Declaration No. 1

I, KIM BEAZLEY, Minister for Finance, make the following Declaration under section 4A of the Superannuation (Productivity Benefit) Act 1988.

Dated 29 March 1995.

KIM C. BEAZLEY

Minister for Finance

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Citation

1.   This Declaration may be cited as Superannuation (Productivity Benefit) Alternative Arrangements (Short-Term and Highly-Casual Employment) Declaration No. 1.

Commencement

2.   This Declaration is taken to have commenced on 1 July 1992.

Interpretation

3.   In this Declaration:

“the Act” means the Superannuation (Productivity Benefit) Act 1988.

Declaration of class of qualified employees

4.   (1)    For the purposes of subsection 4A (1) of the Act, the class of qualified employees referred to in subclause (2) is a class of employees who are neither fund employees nor interim arrangement employees.

(2)   Subject to subclause 5 (1), the class comprises qualified employees each of whom is a person:

(a)   who is paid less than $450 by way of salary or wages per calendar month; and

(b)   who makes an election in writing to be covered by the arrangements set out in clause 6.

Employee ceasing to be included in the class of qualified employees

5.   (1)    An employee included in the class of qualified employees referred to in clause 4 ceases to be included in the class if his or her salary or wages exceeds $450 in any calendar month.

(2)   An employee who ceases to be included in that class of qualified employees cannot, in relation to the particular employment, again be included in the class.

Arrangements for employees referred to in clause 4

6.   (1)    For the purposes of subsection 4A (2) of the Act, the arrangements set out in subclause (2) are to apply to employees included in the class of qualified employees referred to in clause 4.

(2) On the termination of the employment of an employee included in the class, he or she is entitled to an amount of benefit equal to the amount of interim benefit to which he or she would be entitled under section 8A of the Act if he or she:

(a)   had been an interim arrangement employee; and

(b) had completed the period of qualifying service under section 5 of the Act.

Revocation

7. Superannuation (Productivity Benefit) Alternative Arrangements Declaration No. 3² is revoked.

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NOTES

1.   Notified in the Commonwealth of Australia Gazette on 13 April 1995.

2.   Statutory Rules 1991 No. 126.