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PARLIAMENTARY SUPERANNUATION (SCHEME FOR NEW MEMBERS) AMENDMENT ACT 2005 (NO 43 OF 2005) - SECT 4

4—Amendment of section 5—Interpretation

        (1)         Section 5(1)—after the definition of "child benefit" insert:

"complying superannuation fund" has the meaning given by section 45 of the SIS Act;

        (2)         Section 5(1)—after the definition of "contribution" insert:

"death insurance benefit" is the death insurance to which a PSS 3 member is entitled by virtue of his or her membership of PSS 3;

"deferred superannuation contributions surcharge" in relation to a member means the amount that the member is liable to pay the Commissioner of Taxation under section 15(6) of the Superannuation Contributions Tax Act;

        (3)         Section 5(1), definition of "eligible child", (a)—delete paragraph (a) and substitute:

            (a)         of a deceased PSS 1 or PSS 2 member or deceased PSS 1 or PSS 2 member pensioner; or

        (4)         Section 5(1), definition of "eligible child", (b)—delete "member or deceased" and substitute:

PSS 1 or PSS 2 member or deceased PSS 1 or PSS 2

        (5)         Section 5(1), definitions of "former new scheme member" and "former old scheme member"—delete the definitions and substitute:

"former PSS 1 member" means a person who was a PSS 1 member immediately before ceasing to be a member;

"former PSS 2 member" means a person who was a PSS 2 member immediately before ceasing to be a member;

        (6)         Section 5(1)—after the definition of "the Fund" insert:

"invalidity insurance benefit" is the invalidity insurance to which a PSS 3 member is entitled by virtue of his or her membership of PSS 3;

"judge" means a judge of the Supreme Court nominated by the Chief Justice to exercise the powers of a judge under this Act;

        (7)         Section 5(1), definition of "member"—after "receipt of salary" insert:

but does not include a non-participating member

        (8)         Section 5(1), definition of "member pensioner"—after "pension under this Act" insert:

by virtue of being a PSS 1 member or a PSS 2 member

        (9)         Section 5(1), definitions of "new scheme member" and "new scheme member pensioner"—delete the definitions and substitute:

"non-participating member" means a member of either House of Parliament who has made an election under section 7E;

        (10)         Section 5(1), definition of "notional pension", (a)—after "to a deceased" insert:

PSS 1 or PSS 2

        (11)         Section 5(1), definitions of "old scheme member" and "old scheme member pensioner"—delete the definitions

        (12)         Section 5(1), after the definition of "prescribed office" insert:

"PSS 1—"see section 7C(1);

"PSS 2—"see section 7C(2);

"PSS 3—"see section 7C(3);

"PSS 1 member" means a member of PSS 1—see section 7D(2);

"PSS 1 member pensioner" means a member pensioner who was a PSS 1 member immediately before ceasing to be a member;

"PSS 2 member" means a member of PSS 2—see section 7D(3);

"PSS 2 member pensioner" means a member pensioner who was a PSS 2 member immediately before ceasing to be a member;

"PSS 3 member" means a member of PSS 3—see sections 7D(4) and 7F;

        (13)         Section 5(1)—after the definition of "service" insert:

"SIS Act" means the Superannuation Industry (Supervision) Act 1993 of the Commonwealth;

        (14)         Section 5(1), definition of "spouse pension", (b)—after "of a deceased" insert:

PSS 1 or PSS 2

        (15)         Section 5(1)—after the definition of "the State" insert:

"Superannuation Contributions Tax Act" means the Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997 of the Commonwealth;

"superannuation salary sacrifice" means any salary that a member is sacrificing for the purposes of superannuation under section 4B of the Parliamentary Remuneration Act 1990 ;

"surcharge notice" means a notice issued by the Commissioner of Taxation under section 15(7) of the Superannuation Contributions Tax Act.

        (16)         Section 5(3)—after "(as contemplated by section 4A(2) of that Act)" insert:

, the amount of any superannuation salary sacrifice (as contemplated by section 4B of that Act for the relevant period), and the amount of any contribution that the member makes towards the cost of providing an allowance or benefit by way of salary sacrifice (as contemplated by section 6A(2) of that Act)



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