Schedule 1 Amendments

(regulation 3)

[1] Subregulation 2 (1), after definition of Commonwealth control

insert

CSS/PSS Board means either or both of:

(a) the CSS Board established under section 27A of the Superannuation Act 1976; and

(b) the PSS Board established under section 20 of the Superannuation Act 1990.

[2] Sub-subparagraph 3A (1) (za) (iii) (B)

omit

purposes.

insert

purposes;

[3] Sub-subparagraph 3A (1) (zc) (iii) (B)

omit

purposes.

insert

purposes;

[4] After paragraph 3A (1) (zc)

insert

(zd) a class of persons each of whom:

(i) is, or becomes, an employee of the CSS/PSS Board (otherwise than on a casual or temporary part-time basis); and

(ii) either:

(A) immediately before becoming so employed, was an eligible employee; or

(B) immediately before becoming so employed, was a person to whom a pension of a kind mentioned in section 64A or 65 of the superseded Act as in force immediately before the repeal of that section was payable, or would have been payable but for a suspension of payment; or

(C) immediately before becoming so employed, was a person to whom invalidity pension under the Act was payable, or would have been payable but for a suspension of payment; or

(D) immediately before becoming so employed, was a person to whom deferred benefits under the Act or the superseded Act were applicable, and, in the case of a person who becomes a full-time temporary employee, makes an election in writing to become an eligible employee; or

(E) is a person who, because of the person’s employment by the CSS/PSS Board, is a re‑employed former contributor with preserved rights, and, in the case of a person who becomes a full-time temporary employee, makes an election in writing to become an eligible employee; and

(iii) is not, in relation to the person’s employment by the CSS/PSS Board, a member of a superannuation scheme, other than:

(A) the scheme provided for by the Act; or

(B) in the case of a person to whom, under subregulation (1A), this subparagraph applies — a scheme of which the person is taken, under subregulation 2 (2), to be a member for top-up purposes.

[5] Subregulation 3A (1A)

omit

and (1) (zc) (iii) (B),

insert

, (1) (zc) (iii) (B) and (1) (zd) (iii) (B),

[6] Subregulation 4 (1A)

omit

and (29) (b) (ii),

insert

, (29) (b) (ii) and (30) (b) (ii),

[7] After subregulation 4 (29)

insert

(30) Section 14A of the Act ceases to apply to a person in the class of persons mentioned in paragraph 3A (1) (zd) at the end of the first occurring of the following days:

(a) the day on which the person ceases to be an employee of the CSS/PSS Board; or

(b) the day immediately before the day on which the person becomes a casual or temporary part-time employee of the CSS/PSS Board; or

(c) the day immediately before the day on which the person becomes a member of a superannuation scheme that applies to that person’s employment by the CSS/PSS Board, other than:

(i) the scheme provided for by the Act; or

(ii) in the case of a person to whom, under subregulation (1A), this subparagraph applies — a scheme of which the person is taken, under subregulation 2 (2), to be a member for top-up purposes.

[8] Schedule 1, subitem 2.1, inserted subsection 159 (1A)

omit

(x) Snowy Hydro Limited.

insert

(x) Snowy Hydro Limited;

[9] Schedule 1, subitem 2.1, inserted subsection 159 (1A)

omit

(z) ASPI Ltd.

insert

(z) ASPI Ltd;

(za) the CSS/PSS Board.