I, PENELOPE YING YEN WONG, Minister for Finance and Deregulation, make this Declaration under paragraph (ec) of the definition of eligible employee in subsection 3 (1) of the Superannuation Act 1976.

Dated 25th October 2012

PENELOPE YING YEN WONG

Minister for Finance and Deregulation

1 Name of Declaration

  This Declaration is the Superannuation (CSS) (Eligible Employees — Inclusion) Amendment Declaration 2012 (No. 2).

2 Commencement

  This Declaration commences on the day after it is registered.

3 Application

  The amendments made by item 3 of Schedule 1 to this Declaration apply in relation to a person who becomes an employee of the Australian Reinsurance Pool Corporation on or after the day of commencement of this Declaration.

4 Amendment of Superannuation (CSS) (Eligible Employees — Inclusion) Declaration 2003

  Schedule 1 amends the Superannuation (CSS) (Eligible Employees — Inclusion) Declaration 2003.

Schedule 1 Amendments

(section 4)

[1] Subsection 3 (1), immediately after the definition of alternative superannuation scheme

insert

ARPC means the Australian Reinsurance Pool Corporation established by the Terrorism Insurance Act 2003.

 [2] Subparagraph 4 (2) (q) (iii)

omit

scheme.

insert

scheme;

[3] After paragraph 4 (2) (q)

insert

 (r) a class of persons each of whom:

 (i) is an employee of ARPC, other than on a casual or temporary part-time basis; and

 (ii) immediately before becoming so employed, was an eligible employee; and

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

1. This Declaration amends F2006B01696, as amended by F2005L01867; F2005L02388; F2009L01158; F2011L01388; and F2012L01533.

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