Superannuation (PSSAP) Membership Eligibility (Inclusion) Amendment Declaration 2015 (No. 2)1

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

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