Superannuation Regulations (Amendment) (Cth)

STATUTORY RULES.

1954. No..

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REGULATIONS UNDER THE SUPERANNUATION ACT 1922-1954.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, and on the recommendation of the Superannuation Board, hereby make the following Regulations under the Superannuation Act 1922-1954.

Dated this twenty-sixth day of July, 1954.

W. J. Slim

Governor-General.

By His Excellency’s Command,

(Sgd.) A. W. FADDEN

Treasurer.

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Amendments of the Superannuation Regulations. 

Approved authorities.

1. Regulation 4 of the Superannuation Regulations is amended by omitting the words “ Australian Wool Board ” and inserting in their stead the words “ Australian Wool Bureau ”.

Prescribed times for the purposes of section 16b.

2. Regulation 7 of the Superannuation Regulations is amended by adding at the end thereof the following sub-regulation :—

“ (3.) Notwithstanding anything contained in the last preceding sub-regulation, the prescribed time for the purposes of sub-section (2.) of section 16b of the Act, within which a contributor to whom that sub-section applies may elect that his contributions for any additional units for which he has elected, under section 26 or 27 of the Superannuation Act 1954, to contribute shall be at the appropriate rate based on a retiring age of sixty-five years, is the period of twelve months which commenced on the twentieth day of April, 1954.”.

 

* Notified in the Commonwealth Gazette on , 1954.

  Statutory Rules 1952, No. 20, as amended by Statutory Rules 1953, No. 52.

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By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.

2203.—Price 3d. 10/31.5.1954.