Commonwealth Numbered Regulations - Explanatory Statements

[Index] [Search] [Download] [Related Items] [Help]


SUPERANNUATION (CSS) APPROVED AUTHORITY DECLARATION NO 12 1992 NO. 465

EXPLANATORY STATEMENT

STATUTORY RULES 1992 No. 465

Issued by the authority of the Minister for Finance

Superannuation Act 1976

Declaration under paragraph (a) of the definition of "Approved Authority" in subsection 3 (1).

The Superannuation Act 1976 (the 1976 Act) makes provision for and in relation to an occupational superannuation scheme (the CSS) for Commonwealth employees and certain other persons.

Persons eligible to contribute under the 1976 Act include certain persons employed by an approved authority. In accordance with paragraph (a) of the definition of "approved authority" in subsection 3 (1) of that Act, an approved authority includes an authority or other body declared by the Minister for Finance to be an approved authority for the purposes of the Act, being an authority or body of a kind described in the definition.

Section 4A of the 1976 Act provides that such a declaration is a disallowable instrument for the purposes of section 46A of the Acts Interpretation Act 1901 and a Statutory Rule for the purposes of the Statutory Rules Publication Act 1903 and may be expressed to have taken effect from and including a day not earlier than 12 months before the making of the declaration.

Australian Marine Science and Technology Limited was established as a registered company under the Corporations Law of the Capital Territory on 25 October 1991. It is a body of a kind described in the definition of approved authority in subsection 3 (1) of the 1976 Act. It is appropriate that the body be declared to be an approved authority for the purposes of that Act to enable its employees to remain or become members of the CSS.

The declaration contained in the Statutory Rule, and cited as Superannuation (CSS) Approved Authority Declaration No 12, declares Australian Marine Science and Technology Limited to be an approved authority for the purposes of the 1976 Act with effect from 1 October 1992.


[Index] [Related Items] [Search] [Download] [Help]