Statutory  Rules  1992   No. 941

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Superannuation (Former Eligible Employees) Regulations 2 (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 7 April 1992.

                                                                                         BILL HAYDEN

                                                                                        Governor-General

          By His Excellency’s Command,

RALPH WILLIS

Minister of State for Finance

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1.   Amendment

1.1   The Superannuation (Former Eligible Employees) Regulations are amended as set out in these Regulations.

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

2.   Regulation 8 (Application of the Act to employees of, and holders of statutory office in, Australian Postal Corporation)

2.1   Omit “modification specified in Schedule 5”, substitute “modifications specified in Schedules 5 and 5a”.

3.   New Schedule 5a

3.1   After Schedule 5, insert:

                                               SCHEDULE 5a                                Regulation 8

MODIFICATIONS—EMPLOYEES OF, AND HOLDERS OF

STATUTORY OFFICE IN, AUSTRALIAN POSTAL CORPORATION

1.   Section 237 (Interpretation)

1.1   Subsection 237 (1) (definition of “approved superannuation scheme”):

Omit the definition.

2.   Section 238 (Loss of entitlement to benefits—eligible employee transferring to an approved superannuation scheme)

2.1   Omit the section.

3.   Section 239 (Approval of superannuation schemes)

3.1   Omit the section.

4.   Section 240 (Transfer of assets etc. to approved superannuation schemes)

4.1   Omit the section.

5.   Section 241 (Payments from Consolidated Revenue Fund)

5.1   Subsection 241 (1):

Omit “an approved superannuation scheme”, substitute “the Australia Post Superannuation Scheme”.

5.2   Paragraph 241 (1) (a):

Omit the paragraph, substitute:

                  “(a)   the amount of payments made under section 159 by the Australian Postal Corporation in respect of persons who:

                                     (i)   have become members of the Australia Post Superannuation Scheme; and

                                    (ii)   were, immediately before becoming members of the scheme, eligible employees who were employed by that Corporation or members of the staff of that Corporation; and”.

5.3   Paragraphs 241 (1) (b) and (c):

Omit the paragraphs.

NOTES

1.      Notified in the Commonwealth of Australia Gazette on 14 April 1992.

2.      Statutory Rules 1986 No. 266 as amended by 1987 No. 307; 1989 Nos. 16 and 306; 1990 Nos. 141, 177 and 451; 1991 Nos. 161 and 445.