Commonwealth Numbered Regulations

1997 No. 72 SUPERANNUATION (PSS) MEMBERSHIP INCLUSION DECLARATION (AMENDMENT) - REG 2

2.1 Subclause 2 (1) (definition of "top-up arrangement"): Omit the definition,
substitute:

"'top-up arrangement' means an arrangement in relation to the employment of,
or the holding of an office by, a person ('the payee'):

   (a)  under which:

        (i)    another person ('the payer') contributes, on behalf of the
               payee, to a superannuation scheme (which may be a scheme that
               applies only to the payee) under which superannuation or
               retirement benefits are payable to, or in relation to, the
               payee; and

        (ii)   the contributions are part of, and not additional to, the
               payee's overall remuneration package provided by the payer; and

   (b)  that is entered into on the basis that:

        (i)    the payee continues to be, or becomes, a member of the Public
               Sector Superannuation Scheme; and

        (ii)   the payer continues to be, or becomes, the designated employer
               of the payee; in relation to that employment or holding of
               office.".