Schedule 1 Amendments
(section 3)
[1] Subsection 3 (1), after definition of ACT Government Service
insert
alternative superannuation scheme, in relation to a person who is employed in a particular capacity, or who is the holder of a particular office:
(a) means a superannuation scheme to which contributions are made in relation to the person’s employment or holding of the office; but
(b) does not include any of the following:
(i) a scheme to which contributions are made in relation to the person for:
(A) if the person is employed in a particular capacity — other employment or the holding of an office; or
(B) if the person is the holder of a particular office — other employment or the holding of another office;
(ii) a scheme to the extent that membership of that scheme by the person is for the preservation, or payment, of productivity related benefits as defined in section 110A of the Act;
(iii) a scheme to the extent that participation in that scheme on the person’s behalf is for purposes solely related to satisfying obligations under the Superannuation Guarantee (Administration) Act 1992;
(iv) a scheme to which contributions are made in relation to the person only in relation to performance pay;
(v) for a prescribed person — a scheme of which the person is taken, under subsection (2), to be a member for top-up purposes;
(vi) for a member of the Police Force of the Northern Territory — the Northern Territory Police Supplementary Benefit Scheme, being the scheme of that name to which members of the Police Force of the Northern Territory are, under the conditions of service applicable to them, required to contribute.
Example
If a person is an eligible employee for the CSS, and is making voluntary contributions to an RSA without any employer contributions, the RSA will not be an alternative superannuation scheme. However, if the person’s employer makes contributions to the RSA, above the superannuation guarantee rate, the RSA will be an alternative superannuation scheme.
[2] Subsection 3 (1), after definition of Medibank
insert
member, of a superannuation scheme that is an RSA, means a holder of the RSA.
[3] Subsection 3 (1), definition of performance pay
substitute
performance pay means a payment of that name made under:
(a) an industrial agreement under Division 3A of Part VI of the Industrial Relations Act 1988 as in force immediately before 30 March 1994; or
(b) an agreement under Part VIB of that Act in force before 15 November 1996.
[4] Subsection 3 (1), after definition of prescribed Northern Territory employee
insert
prescribed person means a person who holds office or is employed under terms and conditions that enable the person to choose whether to take part of his or her remuneration in a non-monetary form (for example, a top-up arrangement).
[5] Subsection 3 (1), definition of superannuation scheme
substitute
superannuation scheme:
(a) means a scheme, fund or arrangement, however established, under which superannuation or retirement benefits are payable; and
(b) includes an RSA within the meaning of the Retirement Savings Account Act 1997.
[6] Subsection 3 (4)
omit
[7] Section 4
omit
[8] Paragraph 6 (1) (b)
substitute
(b) the person becomes, in relation to the employment or the holding of the office to which that item relates, a member of an alternative superannuation scheme.
[9] Subsection 6 (2)
omit
[10] Paragraph 6 (3) (b)
omit
other superannuation scheme.
insert
alternative superannuation scheme.
[11] Sub-subparagraph 7 (1) (a) (ii) (A)
substitute
(A) are, in relation to their employment with the approved authority, members of an alternative superannuation scheme; or
[12] Sub-subparagraph 7 (1) (a) (ii) (B)
omit
a scheme of that kind;
insert
an alternative superannuation scheme;
[13] Sub-subparagraph 7 (1) (b) (ii) (A)
substitute
(A) are, in relation to the holding of that office, members of an alternative superannuation scheme; or
[14] Sub-subparagraph 7 (1) (b) (ii) (B)
omit
a scheme of that kind; and
insert
an alternative superannuation scheme; and
[15] Subparagraph 7 (1) (e) (ii)
substitute
(ii) who are, in relation to that employment or the holding of that office, members of an alternative superannuation scheme; and
[16] Sub-subparagraph 7 (1) (e) (iv) (A)
omit
superannuation scheme mentioned in subparagraph (ii) for the persons,
insert
alternative superannuation scheme,
[17] Subsection 7 (2)
omit
1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au.