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Superannuation (Additional Pension) Regulations 2004

Authoritative Version
SR 2004 No. 300 Regulations as made
Principal Regulations. These Regulations repeal the Superannuation (Additional Pension) Regulations (SR 1976 No. 158)
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 Legislation (Exemptions and Other Matters) Regulation 2015 s12 item 59
Registered 01 Jan 2005
Tabling HistoryDate
Tabled HR16-Nov-2004
Tabled Senate16-Nov-2004
Gazetted 07 Sep 2004
Table of contents.

Superannuation (Additional Pension) Regulations 2004

Statutory Rules 2004 No. 3001

I, PHILIP MICHAEL JEFFERY, 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 31 August 2004

P. M. JEFFERY

Governor-General

By His Excellency’s Command

NICK MINCHIN


Contents

                        1     Name of Regulations                                                       2

                        2     Commencement                                                              2

                        3     Superannuation (Additional Pension) Regulations — repeal 3

                        4     Definition                                                                        3

                        5     Factor applicable for paragraph 57 (1) (a) of the Act         3

                        6     Factor applicable for subparagraph 57AA (4) (b) (i) of the Act           3

                        7     Factor applicable for paragraph 91 (1) (a) of the Act         3

                        8     Factor applicable for subsections 61 (1) and (2) of the Act 4

                        9     Factor applicable for subsection 61AB (5) of the Act        4

                       10     Percentage applicable for definition of notional final annual rate of salary in subsections 61 (4) and 61AB (6) of the Act                                                         4

Schedule 1              Factors applicable to person entitled to additional age retirement pension           5

Schedule 2              Factors applicable in relation to spouse of deceased eligible employee    6

Schedule 3              Factors and percentages applicable to person entitled to additional early retirement pension                                                                                      8

 


  

  

1              Name of Regulations

                These Regulations are the Superannuation (Additional Pension) Regulations 2004.

2              Commencement

                These Regulations commence on the date of their notification in the Gazette.

3              Superannuation (Additional Pension) Regulations — repeal

                The following Statutory Rules are repealed:

                  ·    1976 No. 158

                  ·    1978 No. 141.

4              Definition

                In these Regulations:

Act means the Superannuation Act 1976.

5              Factor applicable for paragraph 57 (1) (a) of the Act

                For paragraph 57 (1) (a) of the Act, the factor applicable to a person is the factor specified in column 2 of an item in Schedule 1 for the age specified in column 1 of the item that was that person’s age on his or her last day of service.

Note   This regulation applies to a person entitled to additional age retirement pension who does not make an election under subsection 57AA (1) of the Act.

6              Factor applicable for subparagraph 57AA (4) (b) (i) of the Act

                For subparagraph 57AA (4) (b) (i) of the Act, the factor applicable to a person is the factor specified in column 3 of an item in Schedule 1 for the age specified in column 1 of the item that was that person’s age on his or her last day of service.

Note   This regulation applies to a person who is entitled to additional age retirement pension who makes an election under subsection 57AA (1) of the Act.

7              Factor applicable for paragraph 91 (1) (a) of the Act

                For paragraph 91 (1) (a) of the Act, the factor applicable in relation to the annual rate of spouse’s additional pension to which the spouse of a deceased eligible employee is entitled because of section 89 of the Act is:

                (a)    if the spouse is a male — the factor specified in column 2 of an item in Schedule 2 for the age specified in column 1 of the item that was the age of the spouse at the date of the eligible employee’s death; or

               (b)    if the spouse is a female — the factor specified in column 3 of the item.

8              Factor applicable for subsections 61 (1) and (2) of the Act

                For subsection 61 (3) of the Act, the factor applicable to a person for subsections 61 (1) and (2) of the Act is the factor specified in column 2 of an item in Schedule 3 for the age specified in column 1 of the item that was that person’s age on his or her last day of service.

Note   This regulation applies to a person who is entitled to additional early retirement pension, and who does not make an election under subsection 61AB (1) of the Act.

9              Factor applicable for subsection 61AB (5) of the Act

                For subsection 61AB (5) of the Act, the factor applicable to a person for paragraphs 61AB (4) (b) and (c) of the Act is the factor specified in column 3 of an item in Schedule 3 for the age specified in column 1 of the item that was the person’s age on his or her last day of service.

Note   This regulation applies to a person entitled to additional early retirement pension who makes an election under subsection 61 AB (1) of the Act.

10            Percentage applicable for definition of notional final annual rate of salary in subsections 61 (4) and 61AB (6) of the Act

                For the definition of notional final annual rate of salary in subsections 61 (4) and 61AB (6) of the Act, the percentage applicable to a person is the percentage specified in column 4 of an item in Schedule 3 for the age specified in column 1 of the item that was that person’s age on his or her last day of service.


Schedule 1        Factors applicable to person entitled to additional age retirement pension

(regulations 5 and 6)

 

Do not delete : Schedule Part Placeholder

Column 1

Column 2

Column 3

Age on last day of service

Factor applicable if person does not make an election under subsection 57AA (1) of the Act

Factor applicable if person makes an election under subsection 57AA (1) of the Act

60

0.100

0.093

61

0.102

0.095

62

0.104

0.097

63

0.106

0.099

64

0.108

0.101

65 or over

0.110

0.103

Schedule 2        Factors applicable in relation to spouse of deceased eligible employee

(regulation 7)

 

Do not delete : Schedule Part Placeholder

Column 1

Column 2

Column 3

Age of spouse at date of eligible employee’s death

Factor (male spouse)

Factor (female spouse)

40 or under

0.100

0.090

41

0.101

0.091

42

0.102

0.092

43

0.103

0.093

44

0.104

0.094

45

0.105

0.095

46

0.106

0.096

47

0.107

0.097

48

0.108

0.098

49

0.109

0.099

50

0.110

0.100

51

0.111

0.101

52

0.112

0.102

53

0.113

0.103

54

0.114

0.104

55

0.115

0.105

56

0.116

0.106

57

0.117

0.107

58

0.118

0.108

59

0.119

0.109

60

0.120

0.110

61

0.122

0.112

62

0.124

0.114

63

0.126

0.116

64

0.128

0.118

65

0.130

0.120

66

0.134

0.124

67

0.138

0.128

68

0.142

0.132

69

0.146

0.136

70

0.150

0.140

71

0.154

0.144

72

0.158

0.148

73

0.162

0.152

74

0.166

0.156

75

0.170

0.160

76

0.174

0.164

77

0.178

0.168

78

0.182

0.172

79

0.186

0.176

80 or over

0.190

0.180

Schedule 3        Factors and percentages applicable to person entitled to additional early retirement pension

(regulations 8, 9 and 10)

 

Do not delete : Schedule Part Placeholder

Column 1

Column 2

Column 3

Column 4

Age on last day of service

Factor applicable if person does not make an election under subsection 61AB (1) of the Act

Factor applicable if person makes an election under subsection 61AB (1) of the Act

Percentage applicable for definition of notional final annual rate of salary

59

0.0985

0.0916

1.5

58

0.0970

0.0902

3.0

57

0.0955

0.0888

4.5

56

0.0940

0.0874

6.0

55

0.0925

0.0860

7.5

54

0.0910

0.0846

9.0

53

0.0895

0.0832

10.5

52

0.0880

0.0818

12.0

51

0.0865

0.0804

13.5

50

0.0850

0.0790

15.0

49

0.0842

0.0783

15.8

48

0.0835

0.0776

16.5

47

0.0827

0.0769

17.3

46

0.0820

0.0762

18.0

45

0.0812

0.0755

18.8

44

0.0805

0.0748

19.5

43

0.0797

0.0741

20.3

42

0.0790

0.0734

21.0

41

0.0782

0.0727

21.8

40

0.0775

0.0720

22.5

39

0.0767

0.0713

23.3

38

0.0760

0.0706

24.0

37

0.0752

0.0699

24.8

36

0.0745

0.0692

25.5

35

0.0737

0.0685

26.3

34

0.0730

0.0678

27.0

33

0.0722

0.0671

27.8

32

0.0715

0.0664

28.5

31

0.0707

0.0657

29.3

30

0.0700

0.0650

30.0

29

0.0692

0.0643

30.8

28

0.0685

0.0636

31.5

27

0.0677

0.0629

32.3

26

0.0670

0.0622

33.0

25

0.0662

0.0615

33.8

24

0.0655

0.0608

34.5

23

0.0647

0.0601

35.3

22

0.0640

0.0594

36.0

21

0.0632

0.0587

36.8

20

0.0625

0.0580

37.5

19

0.0617

0.0573

38.3

18

0.0610

0.0566

39.0

17

0.0602

0.0559

39.8

16

0.0595

0.0552

40.5

15

0.0587

0.0545

41.3

Note

1.       Notified in the Commonwealth of Australia Gazette on 7 September
2004.