Superannuation (PSSAP) (Division of Costs) Determination 2005

as amended

made under subsection 34(1) of the

Superannuation Act 2005

Compilation start date:                     8 June 2013

Includes amendments up to:            Superannuation (PSSAP) (Division of Costs) Amendment Determination 2013 (No. 2)

About this compilation

The compiled instrument

This is a compilation of the Superannuation (PSSAP) (Division of Costs) Determination 2005 as amended and in force on 8 June 2013. It includes any amendment affecting the compiled instrument to that date.

This compilation was prepared on 28 June 2013.

The notes at the end of this compilation (the endnotes) include information about amending Acts and instruments and the amendment history of each amended provision.

Uncommenced provisions and amendments

If a provision of the compiled instrument is affected by an uncommenced amendment, the text of the uncommenced amendment is set out in the endnotes.

Application, saving and transitional provisions for amendments

If the operation of an amendment is affected by an application, saving or transitional provision, the provision is identified in the endnotes.

Modifications

If a provision of the compiled instrument is affected by a textual modification that is in force, the text of the modifying provision is set out in the endnotes.

Provision ceasing to have effect

If a provision of the compiled instrument has expired or otherwise ceased to have effect in accordance with a provision of the instrument, details of the provision are set out in the endnotes.

Contents

1............ Name of Determination................................................................................................. 1

2............ Commencement............................................................................................................. 1

3............ Definitions..................................................................................................................... 1

4............ Schedule 1..................................................................................................................... 2

Schedule 1—Costs to be paid by CSC from the PSSAP Fund                 3

Schedule 2—Costs to be paid by the Commonwealth                                       4

Endnotes                                                                                                                                                                 5

Endnote 1—Legislation history                                                                                                         5

Endnote 2—Amendment history                                                                                                       6

Endnote 3—Uncommenced amendments [none]                                                                       7

Endnote 4—Misdescribed amendments [none]                                                                          8

1  Name of Determination

                   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, non-member spouse, PSSAP pensioner or reversionary beneficiary.

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; and

                     (d)  the costs in relation to management of the PSSAP Fund in respect of pensions provided under Part 3, Division 6 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.

[3]               Costs of administration in respect of pensions provided under Part 3, Division 6 of the Trust Deed. 

[4]               Costs of administering personal accumulation accounts, represented in fees determined under Part 2, Division 5 of the Trust Deed.

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.

Endnotes

Endnote 1—Legislation history

This endnote sets out details of the legislation history of the Superannuation (PSSAP) (Division of Costs) Determination 2005.

(a)             Section 2 of the Superannuation (PSSAP) (Division of Costs) Amendment Determination 2013 (No. 2) provides as follows:

2          This Determination commences immediately after the commencement of clause 4 of the Ninth Amendment of the Superannuation (PSSAP) Trust Deed.

                  Clause 4 of the Ninth Amendment of the Superannuation (PSSAP) Trust Deed commenced on 8 June 2013.

Endnote 2—Amendment history

This endnote sets out the amendment history of the Superannuation (PSSAP) (Division of Costs) Determination 2005.

Endnote 3—Uncommenced amendments [none]

There are no uncommenced amendments.

Endnote 4—Misdescribed amendments [none]

There are no misdescribed amendments.