Federal Register of Legislation - Australian Government

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Determinations/Superannuation as made
This Determination amends the Superannuation Act 1990 (Division of Costs) Determination No. 2 as a consequence of certain public sector superannuation reforms, which are due to commence on 1 July 2011.
Administered by: Finance
General Comments: The Superannuation Act 1990 (Division of Costs) Determination No. 2 Amendment Determination 2011 (No. 1) commencences on the commencement of the Governance of Australian Government Superannuation Schemes Act 2011, which is 1 July 2011.
Exempt from sunsetting by the Legislative Instruments Act 2003 s 54(2) item 42
Registered 30 Jun 2011
Tabling HistoryDate
Tabled HR05-Jul-2011
Tabled Senate05-Jul-2011
Date of repeal 19 Mar 2014
Repealed by Finance (Spent and Redundant Instruments) Repeal Regulation 2014

I, PENELOPE YING YEN WONG, Minister for Finance and Deregulation, make this Determination under subsection 34 (1) of the Superannuation Act 1990.

Dated 29 June 2011

PENELOPE YING YEN WONG


1              Name of Determination

                This Determination is the Superannuation Act 1990 (Division of Costs) Determination No. 2 Amendment Determination 2011 (No. 1).

2              Commencement

                This Determination commences on the commencement of the Governance of Australian Government Superannuation Schemes Act 2011.

3              Amendment of Superannuation Act 1990 (Division of Costs) Determination No. 2

                Schedule 1 amends the Superannuation Act 1990 (Division of Costs) Determination No. 2.


Schedule 1        Amendments

(section 3)

  

[1]           Section 1

substitute

1              Name of Determination

                This Determination is the Superannuation Act 1990 (Division of Costs) Determination (No. 2) 1993.

[2]           Section 3

substitute

3              Interpretation

         (1)   In this Determination:

Act means the Superannuation Act 1990.

costs means the costs of the administration of the Act and the Deed, including the costs of and incidental to the management of the Fund by CSC and the investment of its money.

CSC (short for Commonwealth Superannuation Corporation) means the body corporate continued in existence by section 4 of the Governance of Australian Government Superannuation Schemes Act 2011.

         (2)   Words and expressions defined in the Act and the Trust Deed made pursuant to section 4 of the Act have the same meaning in this Determination.

[3]           Section 4

omit

the Board

insert

CSC

[4]           Schedule 1, heading

substitute

Schedule 1        Costs to be paid by CSC from the Fund

(section 4)

  

[5]           Schedule 1

omit

the Board

insert

CSC

[6]           Schedule 2, heading

substitute

Schedule 2        Costs to be paid by the Commonwealth

(section 4)

  


Note

1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au.