Statutory Rules 1996   No. 21

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Superannuation (Former Eligible Employees) 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 24 January 1996.

                                                                                    BILL HAYDEN

                                                                                   Governor-General

By His Excellency’s Command,

r. Mcmullan

Minister for Trade for

Minister 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 1 (Citation)

2.1   Omit “(Former Eligible Employees)”, substitute “(CSS) Former Eligible Employees”.

3.   New regulation 17

3.1   After regulation 16, insert:

Application of Act to former eligible employees—superannuation schemes approved under Part XIII

           “17.   The Act is modified in accordance with Schedule 14 in its application to any person:

             (a)   to whom section 126A of the Act applies; and

             (b)   for whom the relevant superannuation scheme within the meaning of that section is an approved superannuation scheme within the meaning of Part XIII of the Act.”.

4.   New Schedule 14

4.1   After Schedule 13, insert:

                                             “SCHEDULE 14                      Regulation 17

modification—participation in approved superannuation schemes

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

1.1   Omit subparagraphs 240 (1) (a) (i) and (ii), substitute:

                        ‘(i)   became members of the approved superannuation scheme in accordance with section 238; and

                         (ii)   both immediately before, and immediately after, becoming members of the approved superannuation scheme, were employed by, or were members of the staff of, the same authority or body, being an authority or body for the employees and members of staff of which benefits are provided by the approved superannuation scheme; and’.”.

NOTES

1.   Notified in the Commonwealth of Australia Gazette on 24 January 1996.

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 (as amended by 1992 No. 212); 1992 Nos. 94, 170, 212 and 271; 1993 No. 262; 1994 Nos. 19, 247, 346, 359 and 447; 1995 Nos. 93 and 236.