Federal Register of Legislation - Australian Government

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Determinations/Superannuation as made
This determination amends the Superannuation (PSSAP) (Division of Costs) Determination 2005 to update the division of costs payable by the Commonwealth and out of the PSSAP Fund upon the introduction of account-based pension products in the PSSAP.
Administered by: Finance
Exempt from sunsetting by the Legislative Instruments Act 2003 s 54(2) item 42
Made 14 Mar 2013
Registered 25 Mar 2013
Tabled HR 14 May 2013
Tabled Senate 14 May 2013
Date of repeal 27 Mar 2013
Repealed by Division 1 of Part 5A of the Legislative Instruments Act 2003

I, PENELOPE YING YEN WONG, Minister for Finance and Deregulation, make this Determination under subsection 34 (1) of the Superannuation Act 2005.

Dated  14th March 2013

PENELOPE YING YEN WONG


1              Name of Determination

                This Determination is the Superannuation (PSSAP) (Division of Costs) Amendment Determination 2013 (No. 1).

2              Commencement

                This Determination commences on the day after it is registered.

3              Amendment of Superannuation (PSSAP) (Division of Costs) Determination 2005

                Schedule 1 amends the Superannuation (PSSAP) (Division of Costs) Determination 2005.



Schedule 1        Amendments

(section 3)

  

 

[1]           Section 3

insert the following definitions in alphabetical order

PSSAP pensioner                     has the same meaning as in the Trust Deed.

reversionary beneficiary          has the same meaning as in the Trust Deed.

 [2]          Section 4

omit

PSSAP member or non-member spouse

substitute

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

[3]           Schedule 1, subitem [1](c)

omit

.

substitute

; and

[4]           Schedule 1, after subitem [1](c)

insert

(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.

[5]           Schedule 1, after item [2]

insert

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


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.