Superannuation (PSS) Membership Inclusion Amendment Declaration 2001 (No. 1) (Cth)
Superannuation (PSS) Membership Inclusion Amendment Declaration 2001 (No. 1)1
Statutory Rules 2001 No. 2312
I, JOHN JOSEPH FAHEY, Minister for Finance and Administration, make the following Declaration under paragraph 6 (1) (j) of the Superannuation Act 1990.
Dated 27 August 2001
JOHN FAHEY
Minister for Finance and Administration
Name of Declaration
This Declaration is the Superannuation (PSS) Membership Inclusion Amendment Declaration 2001 (No. 1).
Commencement
This Declaration commences on gazettal, except for Schedule 1 which commences on the commencement of the Sydney Harbour Federation Trust Act 2001, and Schedule 2 which commences on the commencement of section 59 of the Snowy Hydro Corporatisation Act 1997.
Amendment of Superannuation (PSS) Membership Inclusion Declaration
Schedules 1 and 2 amend the Superannuation (PSS) Membership Inclusion Declaration.
Schedule 1 Amendments
(section 3)
[1] Subclause 3 (1)
omit
(9) and (10),
substitute
(9), (10) and (11),
[2] After subclause 3 (10)
insert
(11) Section 6 of the 1990 Act ceases to apply to a person referred to in item 20 in the Schedule at the end of the first-occurring of the following days:
(a) the day on which the person ceases to be an employee of the Sydney Harbour Federation Trust (the Trust); or
(b) the day immediately before the day on which the person becomes a member of an alternative superannuation scheme in relation to the person’s employment by the Trust; or
(c) the day on which the Trust ceases to be a Commonwealth authority within the meaning of the Commonwealth Authorities and Companies Act 1997.
[3] Schedule, after item 18
insert
(a) 19 A person who immediately before commencing employment with the Trust was:
(i) a PSS member; or
(ii) a person who had a preserved benefit under the PSS Rules,
and is not in relation to employment with the Trust, a member of an alternative superannuation scheme.
Schedule 2 Amendments
(section 3)
[1] Subclause 2 (1), after definition of productivity benefits:
insert
SMHEA corporatisation date means the date on which section 59 of the Snowy Hydro Corporatisation Act 1997 commences.
[2] Subclause 3 (1)
omit
(10 and 11),
substitute
(10), (11) and (12),
[3] After subclause 3 (11)
insert
(12) Section 6 of the 1990 Act ceases to apply to a person referred to in item 19 in the Schedule at the end of the first-occurring of the following days:
(a) the day on which the person ceases to be an employee of Snowy Hydro Limited;
(b) the day immediately before the day on which the person becomes a member of an alternative superannuation scheme in relation to the person’s employment by Snowy Hydro Limited;
(c) the day on which a person or entity other than the following becomes a shareholder of Snowy Hydro Limited:
(i) the Commonwealth;
(ii) New South Wales;
(iii) Victoria.
(d) if payments in respect of benefits for members of the Public Sector Superannuation Scheme who are employed by Snowy Hydro Limited cease to be made by Snowy Hydro Limited — the last day to which the last of those payments relates.
(e) if payments in respect of administration costs for members of the Public Sector Superannuation Scheme who are employed by Snowy Hydro Limited cease to be made by Snowy Hydro Limited — the last day to which the last of those payments relates.
[4] Schedule, after item 19
insert
20 A person who:
(a) immediately before the SMHEA corporatisation date, was a member of the Public Sector Superannuation Scheme employed by the Snowy Mountains Hydro-electric Authority; and
(b) on the corporatisation date, became an employee of Snowy Hydro Limited; and
is not, in relation to the person’s employment with Snowy Hydro Limited, a member of an alternative superannuation scheme.
Notes
1. This Declaration amends Statutory Rules 1995 No. 79, as amended by 1995 Nos. 88, 216 and 232; 1996 No. 296; 1997 Nos. 72 and 212; 1998 Nos. 95 and 244; 1999 No. 169.
2. Notified in the Commonwealth of Australia Gazette on 30 August 2001.
0
0
0