Commonwealth Numbered Regulations - Explanatory Statements

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

SUPERANNUATION (PSS) APPROVED AUTHORITY INCLUSION AMENDMENT DECLARATION 1999 (NO. 2) 1999 NO. 264

STATUTORY RULES 1999 No. 264

Issued by the authority of the Minister for Finance and Administration

Superannuation Act 1990

Declaration under paragraph (b) of the definition of "Approved Authority" in section 3.

The Superannuation Act 1990 (the 1990 Act) makes provision for and in relation to the Public Sector Superannuation Scheme (PSS) for Commonwealth employees and for certain other persons.

Persons eligible to contribute under the 1990 Act include persons who are employed under the Public Service Act 1922, as well as persons who are employed by an "approved authority". In accordance with paragraph (b) of the definition of "approved authority" in section 3 of the 1990 Act, an approved authority includes an authority or other body declared by the Minister for Finance and Administration to be an approved authority for the purposes of the 1990 Act, being an authority or body of a kind described in the definition.

Declarations made under paragraph (b) of the definition of approved authority are contained in the Superannuation (PSS) Approved Authority Inclusion Declaration (the Principal Declaration).

Section 45 of the 1990 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.

Tasmanian Symphony Orchestra Holdings Pty Limited (ACN 088 230 184) is a wholly owned subsidiary of the ABC that was established under Corporations Law on 23 June 1999, and is a body of a kind described in paragraph (b) of the definition of "approved authority" in section 3 of the 1990 Act. It is appropriate that the company be declared an approved authority for the purposes of the 1990 Act to enable employees to remain, or commence, membership of the PSS.

The Declaration contained in the Statutory Rule and cited as "Superannuation (PSS) Approved Authority Inclusion Amendment Declaration 1999 (No. 2)" amends the Principal Declaration by including Tasmanian Symphony Orchestra Holdings Pty Limited in the list of bodies declared by the Minister for Finance and Administration to be approved authorities for the purposes of the 1990 Act.

The Declaration commenced on 1 October 1999, being the date on which Tasmanian Symphony Orchestra Holdings Pty Limited commenced operations.