Federal Register of Legislation - Australian Government

Primary content

Judges’ Pensions Amendment Regulations 2018

Authoritative Version
  • - F2018L01537
  • No longer in force
Regulations as made
These regulations amend the Judges' Pensions regulations 1998 to prescribe the age factors to be used to calculate the pension payable under the Judges’ Pensions Act 1968 where a member of the Judges’ Pension Scheme elects to offset their Division 293 tax liability from their pension.
Administered by: Finance
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s12 item 36
Registered 05 Nov 2018
Tabling HistoryDate
Tabled Senate12-Nov-2018
Tabled HR26-Nov-2018
Date of repeal 03 Apr 2019
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003
Table of contents.

Commonwealth Coat of Arms of Australia

 

Judges’ Pensions Amendment Regulations 2018

I, General the Honourable Sir Peter Cosgrove AK MC (Ret’d), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations.

Dated 02 November 2018

Peter Cosgrove

Governor‑General

By His Excellency’s Command

Mathias Cormann

Minister for Finance and the Public Service

 

 

 

 

  

  


Contents

1............ Name............................................................................................................................. 1

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

3............ Authority....................................................................................................................... 1

4............ Schedules...................................................................................................................... 1

Schedule 1—Amendments                                                                                                                          2

Judges’ Pensions Regulations 1998                                                                                                  2

 


1  Name

                   This instrument is the Judges’ Pensions Amendment Regulations 2018.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

The day after this instrument is registered.

6 November 2018

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under the Judges’ Pensions Act 1968.

4  Schedules

                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1Amendments

  

Judges’ Pensions Regulations 1998

1  After Part 1A

Insert:

Part 1BAge factor for calculation of benefits after payment of release authority lump sum for Division 293 tax purposes

  

3B  Age factor for calculation of benefits after payment of release authority lump sum for Division 293 tax purposes

             (1)  For the purposes of subsection 17AN(4) of the Act, the age factor for a Judge whose age is specified in an item of the following table is:

                     (a)  unless paragraph (b) applies—the factor set out in column 2 of the item; or

                     (b)  if the Judge’s retirement is due to permanent disability or infirmity—the factor set out in column 3 of the item.

Age factor for calculation of benefits after payment of release authority lump sum for Division 293 tax purposes

Item

Column 1

Judge’s age

Column 2

Retirement not due to permanent disability or infirmity

Column 3

Retirement due to permanent disability or infirmity

1

55

Not applicable

23.585

2

56

Not applicable

23.162

3

57

Not applicable

22.730

4

58

Not applicable

22.290

5

59

Not applicable

21.841

6

60

22.525

21.385

7

61

22.056

20.921

8

62

21.576

20.450

9

63

21.086

19.971

10

64

20.584

19.486

11

65

20.072

18.994

             (2)  In this regulation:

age is taken to be the Judge’s age at his or her last birthday before or on retirement.

Note:          Division 293 tax is not payable by a Justice of the High Court or a justice or judge of a court created by the Parliament (see Subdivision 293‑F of the Income Tax Assessment Act 1997).