Federal Register of Legislation - Australian Government

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Declarations/Superannuation as made
This instrument amends the Superannuation (CSS) (Eligible Employees – Inclusion) Declaration 2003 to continue the Commonwealth Superannuation Scheme membership of certain employees of the Australian Securities and Investments Commission from 1 July 2019.
Administered by: Finance
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s11 item 06
Registered 25 Feb 2019
Table of contents.

Commonwealth Coat of Arms of Australia

 

Superannuation (CSS) (Eligible Employees – Inclusion) Amendment Declaration 2019 (No. 1)

I, MATHIAS HUBERT PAUL CORMANN, Minister for Finance and the Public Service, make the following Declaration.

Dated   19/02/19                                 

MATHIAS HUBERT PAUL 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

Superannuation (CSS) (Eligible Employees – Inclusion) Declaration 2003                            2

 

 


1  Name

                   This instrument is the Superannuation (CSS) (Eligible Employees – Inclusion) Amendment Declaration 2019 (No. 1).

2  Commencement

                   This instrument commences on 1 July 2019.

3  Authority

                   This instrument is made under paragraph (ec) of the definition of eligible employee in subsection 3(1) of the Superannuation Act 1976.

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                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.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

Superannuation (CSS) (Eligible Employees – Inclusion) Declaration 2003

1  Subsection 3(1) (after the definition of ARPC)

Insert the following new definition:

ASIC means the Australian Securities and Investments Commission established by the Australian Securities and Investments Commission Act 1989 and continued in existence by the Australian Securities and Investments Commission Act 2001.

2  After paragraph 4(2)(r) (before the note)

Insert the following new paragraph:

(s)   a class of persons each of whom:

                                    (i)          ceases to be engaged by the Commonwealth under the Public Service Act 1999 and becomes an employee of ASIC, other than on a casual or temporary part-time basis, on 1 July 2019 as a result of section 311 of the Australian Securities and Investments Commission Act 2001; and

                                  (ii)          immediately before becoming so employed by ASIC, was an eligible employee under the Act in relation to the person’s employment at ASIC under the Public Service Act 1999.