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Superannuation (PSSAP) Membership Eligibility (Inclusion) Amendment Declaration 2009 (No. 1)

Authoritative Version
  • - F2009L01155
  • No longer in force
Declarations/Superannuation as made
This Declaration amends the Superannuation (PSSAP) Membership Eligibility (Inclusion) Declaration 2005 to omit the item that provides that employees of Medibank are eligible to become members of the Public Sector Superannuation Accumulation Plan.
Administered by: Finance
Exempt from sunsetting by the Legislative Instruments Act 2003 s 54(2) item 42
Registered 25 Mar 2009
Tabling HistoryDate
Tabled HR12-May-2009
Tabled Senate12-May-2009
Date of repeal 19 Mar 2014
Repealed by Finance (Spent and Redundant Instruments) Repeal Regulation 2014

explanatory statement

Issued by the authority of the Minister for Superannuation and Corporate Law, acting for and on behalf of the Minister for Finance and Deregulation

Superannuation Act 2005

Declaration under paragraph 13(1)(b)

The Superannuation Act 2005 (the 2005 Act) makes provision for and in relation to the Public Sector Superannuation Accumulation Plan (PSSAP) for public sector employees and certain other persons. 

Section 13 of the Act specifies the various persons who are eligible to become members of the PSSAP.  Paragraph 13(1)(b) provides that the Minister may declare a person to be eligible to become a PSSAP member.

The Superannuation (PSSAP) Membership Eligibility (Inclusion) Declaration 2005 (the Principal Declaration) made under paragraph 13(1)(b) of the 2005 Act identifies those persons who are eligible to become PSSAP members.

Item 4 of Schedule 1 to the Principal Declaration includes some employees of Medibank as being eligible for membership of the PSSAP.

The purpose of the Superannuation (PSSAP) Membership Eligibility (Inclusion) Amendment Declaration 2009 (No. 1) (the Declaration) is to amend Schedule 1 of the Principal Declaration to omit the item that provides that employees of Medibank are eligible to become PSSAP members.

Medibank has requested that eligibility for Medibank employees to become members of the PSSAP be removed. The superannuation arrangements for existing staff of Medibank are not affected by the changes, as there are currently no employees of Medibank who are PSSAP members.

Medibank was consulted on the amendments contained in the Declaration.

The Declaration is a legislative instrument for the purposes of the Legislative Instruments Act 2003.

The Declaration commences on 1 April 2009.

The details of the Declaration are explained in the Attachment.

ATTACHMENT

SUPERANNUATION (PSSAP) Membership Eligibility (Inclusion) Amendment Declaration 2009 (No. 1)

Section 1 - Name of Declaration

This section provides that the name of the Declaration is the Superannuation (PSSAP) Membership Eligibility (Inclusion) Amendment Declaration 2009 (No. 1).

Section 2 - Commencement

This section provides for the Declaration to commence on 1 April 2009.

Section 3 – Amendments to the Superannuation (PSSAP) Membership Eligibility (Inclusion) Declaration 2005

This section omits item 4 from Schedule 1 to the Superannuation (PSSAP) Membership Eligibility (Inclusion) Declaration 2005.  The effect of this omission is to remove the eligibility for a person to become a PSSAP member where they become employed by Medibank.