STATUTORY RULES.
1904. No. 9.
Commonwealth of Australia.
Department of Home Affairs,
Melbourne, 25th February, 1904.
AMENDMENT OF PUBLIC SERVICE REGULATION
No. 172.
Life Assurance.
HIS Excellency the Governor-General in and over the Commonwealth of Australia, by and with the advice of the Executive Council thereof, on the recommendation of the Public Service Commissioner, and in pursuance of the Public Service Act 1902, and the Rules Publication Act 1903, has approved of the amendment of Public Service Regulation No. 172—Life Assurance—as shown hereunder, and has certified that, on account of urgency, such Regulation, as amended, shall come into operation as a provisional Regulation forthwith.
JOHN FORREST,
Minister of State for Home Affairs.
Chap. IX.—Life Assurance and Superannuation.
Amount of Assurance.
172. Every policy taken out as aforesaid by any person not already assured shall provide for the payment of an amount in accordance with the following scale, to the person assured on his attaining the age of 60 years, or to his personal representatives within three (3) months from the date of his death, if the person assured should die before reaching that age:—
Salary or Wage. | Amount of Assurance. |
£ | £ | £ |
100 and under | ................ | 100 |
Over 100 to | 150................. | 150 |
„ 150 „ | 200................. | 200 |
„ 200 „ | 300................. | 300 |
„ 300 „ | 400................. | 400 |
„ 400 „ | 500................. | 500 |
Provided, however, that such policy shall contract for the payment of an amount not less than the maximum annual salary prescribed by the Act or Regulations for the class or position to which any officer is appointed or promoted.
By Authority: Robt. S. Brain, Government Printer, Melbourne.
C. 8758.
Overview
The Commonwealth of Australia enacted Statutory Rules 1904 No. 9 on 25 February 1904, amending Public Service Regulation No. 172 concerning life assurance, under the authority of the Public Service Act 1902 and the Rules Publication Act 1903. This legislative instrument was introduced to address gaps in the existing life assurance framework for public servants, ensuring that the coverage provided aligns with their salary or wage. The amendment was approved by His Excellency the Governor-General in and over the Commonwealth of Australia, by and with the advice of the Executive Council, on the recommendation of the Public Service Commissioner. The policy objective of this amendment is to provide adequate life assurance to public servants, ensuring financial security for them or their beneficiaries upon reaching the age of 60 or in the event of their death before reaching that age.
Scope and Application
The amendment of Public Service Regulation No. 172 concerning Life Assurance, issued by the Department of Home Affairs, pertains to policies taken out by individuals who are not already covered by life assurance. This regulation applies specifically to public service employees, as it outlines the required amount of assurance for each salary bracket to be paid to the assured individual upon reaching the age of 60 or to their personal representatives if the individual dies before reaching that age. The regulation also stipulates that the assurance amount must not be less than the maximum annual salary prescribed for the respective class or position. This amendment is provisional and comes into operation immediately, reflecting the urgency as certified by the Governor-General. The regulation applies across the Commonwealth of Australia, as administered by the Department of Home Affairs in Melbourne.
Key Provisions
The primary operative sections of this legislation concern the provision of life assurance policies for public service employees. Section 172 stipulates that every policy taken out must provide for the payment of an amount based on a specific scale related to the employee's salary or wage. This amount is payable either to the employee upon reaching the age of 60, or to their personal representatives within three months if the employee dies before reaching that age. The amount of assurance scales from £100 for employees earning £100 or less, increasing incrementally to £500 for those earning £500 or more. However, the policy must provide for an amount not less than the maximum annual salary prescribed by the Act or Regulations for the employee's class or position.
The Act imposes several obligations on both the public service employees and the entities responsible for administering these policies. Employees are required to ensure that their life assurance policies meet the criteria outlined in section 172. This involves selecting a policy that provides the appropriate amount of assurance based on their salary, and ensuring that the policy is in force until they reach the age of 60 or their death before that age, whichever occurs first. The entities administering these policies must ensure compliance with the stipulated amounts and conditions, thereby safeguarding the financial security of the employees upon retirement or in the event of their death.
Failure to comply with the provisions of this Act could result in legal consequences. While specific offences and penalties are not detailed in the excerpt provided, it is reasonable to infer that non-compliance could lead to civil or administrative penalties. Such penalties might include fines or other financial penalties imposed by the relevant authorities, in addition to potential reputational damage for both the employee and the administering entity. The precise nature and extent of these penalties would typically be outlined in other sections of the legislation or in related regulations.