Commonwealth legislation

Superannuation Benefits (Prescribed Requirements - Screen Australia) Determination 2008

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Jurisdiction

Commonwealth

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legislative instrument

Plain English Summary

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This Determination permits Screen Australia (the employer) to make superannuation contributions for Screen Australia employees into any complying superannuation fund or into a retirement savings account. It takes effect 1 July 2008 and is made under the Superannuation Benefits (Supervisory Mechanisms) Act 1990. Mechanically, it specifies the permitted destinations for employer contributions, identifying who pays (the employer), who benefits (employees) and leaving the choice of complying fund or RSA to the employer.

JSON API Tax / GST / superannuation

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Superannuation Benefits (Prescribed Requirements - Screen Australia) Determination 2008

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Superannuation Benefits (Prescribed Requirements - Screen Australia) Determination 2008[1]

I, NICK SHERRY, Minister for Superannuation and Corporate Law, acting for and on behalf of the Minister for Finance and Deregulation, make this Determination under subsection 6(1) of the Superannuation Benefits (Supervisory Mechanisms) Act 1990.

Dated 23 June 2008

NICK SHERRY

Minister for Superannuation and Corporate Law
for and on behalf of the Minister for Finance and Deregulation

1 Name of Determination

This Determination is the Superannuation Benefits (Prescribed Requirements - Screen Australia) Determination 2008

2 Commencement

This Determination commences on 1 July 2008.

3 Definitions

(1) In this Determination:

complying superannuation fund	has the same meaning as defined in the Superannuation Industry (Supervision) Act 1993.
employer	means Screen Australia as established by section 5 of the Screen Australia Act 2008.
retirement savings account	has the same meaning as defined in the Retirement Savings Accounts Act 1997.
Screen Australia employee	means a person employed under subsection 31(2) of the Screen Australia Act 2008.

Prescribed Requirements

For the purpose of section 5 of the Superannuation Benefits (Supervisory Mechanisms) Act 1990, the prescribed requirements set out in Schedule 1 apply to the employer for the provision of superannuation benefits on behalf of a Screen Australia employee.

Schedule 1 Prescribed Requirements for the Provision of Superannuation Benefits (section 3)

[1] The employer may make contributions, on behalf of a Screen Australia employee, into any complying superannuation fund or retirement savings account.

Note

[1] All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Superannuation Benefits (Prescribed Requirements - Screen Australia) Determination 2008