Superannuation Benefit (Interim Arrangements) (Continuous Service) Regulations (Amendment) 1998 No. 114

EXPLANATORY STATEMENT

Statutory Rules 1998 No. 114

Issued by authority of the Assistant Treasurer

Superannuation (Productivity Benefit) Act 1988

Superannuation Benefit (Interim Arrangements) (Continuous Service) Regulations (Amendment)

Item 9 of Schedule 2 Part 1 of the Productivity Commission (Repeals, Transitional and Consequential Amendments) Act 1998 (the Act) provides that the Governor-General may make regulations in relation to: transitional matters arising out of the repeal of the Economic Planning Advisory Council Act 1983 and the Industry Commission Act 1989; and in relation to the enactment of the Act and the Productivity Commission Act 1998.

The Act abolished the Industry Commission (previously the Industries Assistance Commission) by repealing the Industry Commission Act 1989. The Industry Commission has been merged into a new body called the Productivity Commission, established by the Productivity Commission Act 1998.

Section 10 of the Superannuation (Productivity Benefit) Act 1988 provides that the Governor-General may make regulations for the purposes of the Act. The Superannuation Benefit (Interim Arrangement) (Continuous Service) Regulations made under the Superannuation (Productivity Benefit) Act 1988 provide, among other things, that persons appointed as Associate Commissioners of the Industries Assistance Commission on a temporary, part time basis, are members of a prescribed class for the purpose of paragraph 5(2)(b) of the Superannuation (Productivity Benefit) Act 1988.

The purpose of the regulations is to amend the Superannuation Benefit (Interim Arrangement (Continuous Service) Regulations by removing the reference to Associate Commissioners of the Industries Assistance Commission in paragraph 2(y) and replacing it with a reference to Associate Commissioners of the Productivity Commission.

Details of the Regulations are as follows.

Regulation 1. provides that these regulations commence on gazettal.

Regulation 2. provides that the Superannuation Benefit (Interim Arrangement ) (Continuous Service) Regulations are amended as set out in these regulations.

Regulation 3. provides that the words "Industries Assistance" are omitted from paragraph 2(y) of the Superannuation Benefit (Interim Arrangement ) (Continuous Service) Regulations. In their, place is substituted the word "Productivity".

Regulation 4. provides that the amendments made by regulation 3 has effect from the commencement of the Productivity Commission Act 1998.