Superannuation (PSSAP) (Division of Costs) Determination 2005

as amended

made under subsection 34 (1) of the

This compilation was prepared on 1 July 2011
taking into account amendments up to Superannuation (PSSAP) (Division of Costs) Amendment Determination 2011 (No. 1)

Prepared by the Office of Legislative Drafting and Publishing,
Attorney‑General’s Department, Canberra

Contents

                        1      Name of Determination [see Note 1]                                                    3

                        2      Commencement                                                                                  3

                        3      Definitions                                                                                          3

                        4      Schedule 1                                                                                         4

Schedule 1                  Costs to be paid by CSC from the PSSAP Fund                                 5

Schedule 2                  Costs to be paid by the Commonwealth                                             6

Notes                                                                                                                                7

1              Name of Determination [see Note 1]

                This Determination is the Superannuation (PSSAP) (Division of Costs) Determination 2005.

2              Commencement

                This Determination commences on 1 July 2005.

3              Definitions

                In this Determination:

4              Schedule 1

         (1)   The costs described in Schedule 1 are to be paid by CSC from the PSSAP Fund and the costs that are described in Schedule 2 are to be paid by the Commonwealth.

         (2)   For clarity, nothing in this Determination limits the power of CSC under
the Trust Deed to charge fees, costs or expenses to a PSSAP member or non-member spouse.

Schedule 1        Costs to be paid by CSC from the PSSAP Fund

(section 4)

[1]            Costs of and incidental to the management of the PSSAP Fund by CSC and the investment of its money which, to remove doubt, include:

                (a)    the remuneration and allowances of the Chair in relation to the Chair performing PSSAP functions in respect of the PSSAP Fund; and

               (b)    the remuneration and allowances of the directors other than the Chair in relation to them performing PSSAP functions in respect of the PSSAP Fund; and

                (c)    the costs in relation to the administration of the PSSAP Fund which are attributable to or in respect of a PSSAP member or non‑member spouse for arrangements connected with choosing particular investment strategies from time to time pursuant to Division 4 of Part 5 and Division 3 of Part 7 of the Trust Deed.

[2]            Costs consisting of the remuneration and allowances of the Chair in relation to the Chair performing PSSAP functions in respect of the PSSAP other than those functions referred to in item 1 of this Schedule.

Schedule 2        Costs to be paid by the Commonwealth

[1]            Costs of administration of the 2005 Act and of the Trust Deed (other than those costs referred to in Schedule 1) which, to remove doubt, includes the remuneration and allowances of the directors other than the Chair in relation to them performing PSSAP functions in respect of the administration of the PSSAP.

Notes to the Superannuation (PSSAP) (Division of Costs) Determination 2005

Note 1

The Superannuation (PSSAP) (Division of Costs) Determination 2005 (in force under subsection 34 (1) of the Superannuation Act 2005) as shown in this compilation is amended as indicated in the Tables below.

Table of Instruments

Table of Amendments