Federal Register of Legislation - Australian Government

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Declarations/Superannuation as made
This instrument amends the Superannuation (PSSAP) Membership Eligibility (Inclusion) Declaration 2005 to provide continuation of membership of the Public Sector Superannuation Accumulation Plan (PSSAP) for employees of the Private Health Insurance Administration Council that are transferred to the Australian Prudential Regulation Authority as part of the transfer of responsibility for the prudential supervision of private health insurance providers.
Administered by: Finance
Exempt from sunsetting by the Legislative Instruments Act 2003 s 54(2) item 42
Registered 29 Jun 2015
Tabling HistoryDate
Tabled HR10-Aug-2015
Tabled Senate10-Aug-2015
Date of repeal 30 Jun 2015
Repealed by Division 1 of Part 5A of the Legislative Instruments Act 2003

I, MATHIAS HUBERT PAUL CORMANN, Minister for Finance, make this Declaration under subparagraph 13 (1) (a) (ii) of the Superannuation Act 2005.

Dated  22-6-2015

MATHIAS HUBERT PAUL CORMANN

Minister for Finance

 


1              Name of Declaration

                This Declaration is the Superannuation (PSSAP) Membership Eligibility (Inclusion) Amendment Declaration 2015 (No. 2).

2              Commencement

                This Declaration commences on the commencement of Schedule 2 to the Private Health Insurance (Prudential Supervision)(Consequential Amendments and Transitional Provisions) Act 2015.

3              Amendment of Superannuation (PSSAP) Membership Eligibility (Inclusion) Declaration 2005

                Schedule 1 amends the Superannuation (PSSAP) Membership Eligibility (Inclusion) Declaration 2005.


Schedule 1        Amendments

(section 3)

  

[1]           Section 3, after the definition of ‘alternative superannuation scheme’

insert

APRA means the Australian Prudential Regulation Authority established by the Australian Prudential Regulation Authority Act 1998.

[2]            Section 3, after the definition of ‘ordinary employer-sponsored member

insert

PHIAC means the Private Health Insurance Administration Council established by the National Health Act 1953 and continued in existence under Part 6-3 of the Private Health Insurance Act 2007.

[3]           Subparagraph 4(2)(i)(iii)

omit

        entity.

insert

        entity; and

[4]           Section 4, after paragraph 4(2)(i)

insert

(j)    in item [14] of the Schedule, at the end of the earlier of:

(i)        the day on which the person ceases to be an employee of APRA;

(ii)       the day immediately before the day on which the person becomes, in relation to the person’s employment with APRA, a member of an alternative superannuation scheme; or

(iii)      if APRA ceases to be a Commonwealth entity within the meaning of the Public Governance, Performance and Accountability Act 2013 – the last day on which APRA is a Commonwealth entity.                         

[5]           Schedule 1, after item 13

insert

[14]             A person who:

(a)        became, or becomes, an employee of APRA as a result of item 31 of Part 3 of Schedule 2 to the Private Health Insurance (Prudential Supervision) (Consequential Amendments and Transitional Provisions) Act 2015; and

(b)        immediately before becoming so employed, was an  ordinary employer-sponsored member of PSSAP in respect of employment with PHIAC; and

(c)        is not, in relation to the person’s employment with APRA, a member of an alternative superannuation scheme.


Notes

1.       This Declaration amends F2005L01895, as amended by F2006L03272; F2008L01087; F2009L01155; F2010L01737; F2011L01383.

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