Superannuation (PSS) Membership Inclusion Amendment Declaration 2005 (No. 3) (Cth)

Superannuation (PSS) Membership Inclusion Amendment Declaration 2005 (No. 3)

I, NICHOLAS HUGH MINCHIN, Minister for Finance and Administration, make this Declaration under paragraph 6 (1) (j) of the Superannuation Act 1990.

Dated 22 August 2005

NICK MINCHIN

Minister for Finance and Administration

1. Name of Declaration

This Declaration is the Superannuation (PSS) Membership Inclusion Amendment Declaration 2005 (No. 3).

1. Commencement

This Declaration commences on the day after it is registered.

1. Amendment of Superannuation (PSS) Membership Inclusion Declaration 1995

Schedule 1 amends the Superannuation (PSS) Membership Inclusion Declaration 1995.

Schedule 1        Amendments

(section 3)

[1]           After subsection 3 (17)

insert

(18)   Section 6 of the 1990 Act ceases to apply to a person referred to in item 25 in Schedule 1 at the end of the earlier of:

(a)    the day on which the person ceases to be an employee of the Military Superannuation and Benefits Board of Trustees No. 1; and

(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 Military Superannuation and Benefits Board of Trustees No. 1.

[2]           Schedule 1, after item 24

insert

25   A person who:

(a)    is, or becomes, an employee of the Military Superannuation and Benefits Board of Trustees No. 1; and

(b)                immediately before becoming so employed, was a member of the Public Sector Superannuation Scheme; and

(c)    is not, in relation to the employment with the Military Superannuation and Benefits Board of Trustees No. 1, a member of an alternative superannuation scheme.