Superannuation (PSS) Membership Inclusion Amendment Declaration 2015 (No. 2) (Cth)
Superannuation (PSS) Membership Inclusion Amendment Declaration 2015 (No. 2)1
I, MATHIAS HUBERT PAUL CORMANN, Minister for Finance, make this Declaration under paragraph 6 (1) (j) of the Superannuation Act 1990.
Dated 22-6-2015
MATHIAS HUBERT PAUL CORMANN
Minister for Finance
Name of Declaration
This Declaration is the Superannuation (PSS) Membership Inclusion Amendment Declaration 2015 (No. 2).
Commencement
This Declaration commences on the commencement of Schedule 2 to the Private Health Insurance (Prudential Supervision)(Consequential Amendments and Transitional Provisions) Act 2015.
3 Amendment of Superannuation (PSS) Membership Inclusion Declaration 2006
Schedule 1 amends the Superannuation (PSS) Membership Inclusion Declaration 2006.
Schedule 1 Amendments
(section 4)
[1] Subsection 3 (1), immediately after the definition of alternative superannuation scheme
Insert
APRA means the Australian Prudential Regulation Authority established by the Australian Prudential Regulation Authority Act 1998.
[2] Subsection 3 (1), immediately after the definition of performance pay
Insert
PHIAC means the Private Health Insurance Administration Council established by the National Health Act 1953 and continued in existence under Part 6-3 of the Private Health Insurance Act 2007.
[3] After subsection 4 (23)
insert
(24) Section 6 of the 1990 Act ceases to apply to a person referred to in item 31 of Schedule 1 at the end of the earlier of:
(a) the day on which the person ceases to be an employee of APRA;
(b) the day immediately before the day on which the person becomes, in relation to the person’s employment with APRA, a member of an alternative superannuation scheme; or
(c) if APRA ceases to be a Commonwealth entity within the meaning of the Public Governance, Performance and Accountability Act 2013 – the last day on which APRA is a Commonwealth entity.
[4] Schedule 1, after item 30
insert
31 A person who:
(a) became, or becomes, an employee of APRA as a result of item 31 of Part 3 of Schedule 2 to the Private Health Insurance (Prudential Supervision) (Consequential Amendments and Transitional Provisions) Act 2015; and
(b) immediately before becoming so employed, was a PSS member in respect of employment with PHIAC; and
(c) is not, in relation to the person’s employment with APRA, a member of an alternative superannuation scheme.
Notes
1. This Declaration amends F2006L04171, as amended by F2009L01161; F2010L01736; F2011L01391; F2012L01535; F2012L02143; F2014L00727.
2. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See
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