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Superannuation (Salary) Regulations (Amendment)

Authoritative Version
  • - F1996B02208
  • No longer in force
SR 1992 No. 169 Regulations as made
These Regulations amend the Superannuation (Salary) Regulations.
Administered by: Finance
General Comments: This instrument was backcaptured in accordance with Section 36 of the Legislative Instruments Act 2003
Exempt from sunsetting by the Legislative Instruments Regulations 2004 Sch 3 item 40
Registered 01 Jan 2005
Tabling HistoryDate
Tabled HR18-Aug-1992
Tabled Senate18-Aug-1992
Gazetted 25 Jun 1992
Date of repeal 19 Mar 2014
Repealed by Finance (Spent and Redundant Instruments) Repeal Regulation 2014

Statutory Rules 1992   No. 1691

__________________

Superannuation (Salary) Regulations2 (Amendment)

I, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Superannuation Act 1976.

         Dated 18 June1992.

 

                                                                                    BILL HAYDEN

                                                                                   Governor-General

         By His Excellency’s Command,

 

 

RALPH WILLIS

Minister of State for Finance

____________

1.   Amendment

1.1   The Superannuation (Salary) Regulations are amended as set out in these Regulations.

[NOTE:  These Regulations commence on gazettal: see Acts Interpretation Act 1901, s.48]


2.   New Part 2E

2.1   After regulation 8N, insert:

“part 2e—CERTAIN employment agreements

Interpretation

            “8P.   In this Part:

relevant agreement’ means an employment agreement:

              (a)   to which an eligible employee is a party; and

              (b)   under which the  eligible employee may choose, in respect of part of his or her remuneration, whether to take that part  in money or in a non-monetary form; and

              (c)   that states in monetary terms the total value of that remuneration;

relevant authority’ means an authority or body stated in column 2 of Part  1 of Schedule 1;

relevant office’ means an office established by or under a law stated in column 2 of Part 2 of Schedule 1.

Executive employees—flexible remuneration packages

           “8Q.   (1)     This regulation applies to an eligible employee who:

              (a)   is appointed or employed by a relevant authority; or

              (b)   holds a relevant office;

under, or in accordance with, a relevant agreement.

            “(2)   For the purposes of the Act, the annual rate of salary on a particular day of an eligible employee to whom this regulation applies is an amount per annum equal to n percent (as defined in subregulation (3)) of the amount that, under the relevant agreement, is the total yearly value on that day of that employee’s remuneration (including his or her non-monetary entitlements) under that agreement.

            “(3)   In subregulation (2), ‘n percent’ is:

              (a)   in the case of an eligible employee to whom paragraph (1) (a) applies—the percentage stated in column 3 of the item in Part 1 of Schedule 1 that states, in column 2 of the item, the relevant authority by which the eligible employee is employed; or


              (b)   in the case of an eligible employee to whom paragraph (1) (b) applies—the percentage stated in column 3 of the item in Part 2 of Schedule 1 that states, in column 2 of the item, the law under which the eligible employee holds a relevant office.”.

3.   New Schedule 1

3.1   Add at the end:

 

                                                               SCHEDULE 1                          Regulations 8P  and 8Q

 

 

PERCENTAGE RATES FOR CERTAIN ELIGIBLE EMPLOYEES

 

 

PART 1—EMPLOYEES OF CERTAIN AUTHORITIES

 

Column 1              Column 2                                                                                          Column 3

Item No.                Authority                                                                                         Percentage

 

1                              the Civil Aviation Authority                                                                       70

2                              the Northern Territory of Australia                                                           70

3                              an authority or body established by a                                                     70

                                        law of the Northern Territory

 

 

PART 2—EMPLOYEES HOLDING OFFICE UNDER CERTAIN LAWS

 

Column 1              Column 2                                                                                          Column 3

Item No.                Law                                                                                                  Percentage

 

1                              Civil Aviation Act 1988                                                                              70

2                              a law of the Northern Territory                                                                  70

 

 


4.   Minor amendments—headings of Parts

4.1   The heading of a Part stated in column 2 of an item in the following Table is amended by omitting the passage stated in column 3 of the item and substituting the passage stated in column 4 of the item:

 

TABLE

 

Column 1         Column 2                    Column 3                             Column 4

Item No.          Part                              Present passage              New passage

 

1                      Part  I                         “I”                                                  “1”

2                      Part  II                        “II”                                                “2”

3                      Part  IIA                            “IIA                                                          “2A

4                      Part  IIB                            “IIB                                                          “2B

5                      Part  IIC                            “IIC                                                          “2C

6                      Part  IID                            “IID                                                          “2D

7                      Part  III                      “III”                                               “3”

8                      Part  IV                      “IV”                                               “4”

9                      Part  V                        “V”                                               “5”.

4.2   Subregulation 3(2):

Omit “IV and V,”, substitute “4 and 5,”.

4.3   Paragraph 5(l):

Omit “IIC,”, substitute “2C,”.

4.4   Paragraph 5(l):

Omit “IID”, substitute “2D”.

4.5   Regulation 8I:

Omit “IIA”, substitute “2A”.

 

NOTES

1.     Notified in the Commonwealth of Australia Gazette on 25 June 1992.

2.     Statutory Rules 1978 No. 282 as amended by 1981 No. 5; 1985 Nos. 204 and 326; 1986 Nos. 43 and 49; 1987 No. 70; 1988 Nos. 171, 231, 250 and 350; 1989 No. 77; 1990 No. 128; 1991 Nos. 167, 312 and 466.