Superannuation (Productivity Benefit) (Qualified Employees) Declaration No. 2 (Cth)

Statutory  Rules  1992   No. 21¹

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Superannuation (Productivity Benefit) (Qualified Employees) Declaration No. 2

I, RALPH WILLIS, Minister of State for Finance make the following Declaration under subsection 3F (2) of the Superannuation (Productivity Benefit) Act 1988.

Dated 28 January 1992.

RALPH WILLIS

Minister of State for Finance

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Citation

1.  This Declaration may be cited as the Superannuation (Productivity Benefit) (Qualified Employees) Declaration No. 2.

Commencement

2.  This Declaration commences on 1 February 1992.

Interpretation

3.  In this Declaration, unless the contrary intention appears:

“appointment year” means the financial year in which an appointment takes effect.

Class of persons declared not to be qualified employees

4.  Persons who:

(a)  are appointed to statutory offices created under laws of the Commonwealth; and

(b)  are not employed by the Commonwealth immediately before their appointments take effect; and

(c)  before their appointments take effect:

(i)  have made payments in the appointment year to a superannuation fund which did not attract an employer contribution in respect of those persons; and

(ii)  elect, in a notice given to the Minister of State for Finance, not to be qualified employees;

are a class of persons who are not qualified employees for the purposes of subsection 3F (2) of the Superannuation (Productivity Benefit) Act 1988 in the appointment year.

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NOTE

1.      Notified in the Commonwealth of Australia Gazette on 31 January 1992.