Part Part 1 - Social Security (Exempt Lump Sum) (Commonwealth Bank Officers Superannuation Corporation Pty Limited – OSF DB Rectification Project Payment) (FaHCSIA) Determination 2012 - Preliminary

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Part 1 Preliminary

1 Name of Determination

This Determination is the Social Security (Exempt Lump Sum) (Commonwealth Bank Officers Superannuation Corporation Pty Limited – OSF DB Rectification Project Payment) (FaHCSIA) Determination 2012.

2 Commencement

This Determination commences the day after it is registered.

3 Definitions

In this Determination:

Act means the Social Security Act 1991.

CBOSC means the Commonwealth Bank Officers Superannuation Corporation Pty Limited.

OSF DB Rectification Project Payment means a lump sum ex gratia payment paid by CBOSC or the Commonwealth Bank of Australia to, or on behalf of certain people whose social security payments were affected (directly or indirectly) or who did not claim a social security payment from 1 July 2007 because of:

the CBOSC incorrectly calculating the tax free component of defined benefit income streams provided by the Officers’ Superannuation Fund; or
the CBOSC not providing the Department of Human Services or the person with information about the tax free component of defined benefit income streams provided by the Officers’ Superannuation Fund.

Part 2 Exempt Lump Sums