Commonwealth legislation

Superannuation (CSS) Approved Authority Declaration No. 13

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

2 of 1993

Collection

legislative instrument

Plain English Summary

1/10 complexity

This declaration removes the Australian and Overseas Telecommunications Corporation (OTC) from the Commonwealth Superannuation Scheme (CSS).

What it does:

Declares that OTC is no longer an "approved authority" under the Superannuation Act 1976
This means OTC employees can no longer join the CSS (a defined benefit superannuation scheme for Australian Government employees and approved public sector bodies)
Existing CSS members employed by OTC would typically have their benefits preserved or transferred to another fund

Key details:

Made by the Minister for Finance under the Superannuation Act 1976
Applies retrospectively from 1 February 1992

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Current sections

Direct links to the current provisions in Superannuation (CSS) Approved Authority Declaration No. 13.

Superannuation (CSS) Approved Authority Declaration No. 13

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Statutory Rules 1993 No. 21

__________________

Superannuation (CSS) Approved Authority Declaration No. 13

I, RALPH WILLIS, Minister of State for Finance, make the following Declaration under subsection 3 (1) of the Superannuation Act 1976.

Dated 18 January 1993.

RALPH WILLIS

Minister of State for Finance

____________

Citation

This Declaration may be cited as Superannuation (CSS) Approved Authority Declaration No. 13.

Commencement

This Declaration is taken to have commenced on 1 February 1992.

Termination of approved authority

The Australian and Overseas Telecommunications Corporation is declared, under paragraph (a) of the definition of “approved authority” in subsection 3 (1) of the Superannuation Act 1976, not to be an approved authority for the purposes of that Act.

_____________________________________________

NOTE

Note: 1. Notified in the Commonwealth of Australia Gazette on 29 January 1993.

Source text

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

1 Superannuation (CSS) Approved Authority Declaration No. 13

Statutory Rules 1993 No. 21

__________________

Superannuation (CSS) Approved Authority Declaration No. 13

I, RALPH WILLIS, Minister of State for Finance, make the following Declaration under subsection 3 (1) of the Superannuation Act 1976.

Dated 18 January 1993.

RALPH WILLIS

Minister of State for Finance

____________

Citation

This Declaration may be cited as Superannuation (CSS) Approved Authority Declaration No. 13.

Commencement

This Declaration is taken to have commenced on 1 February 1992.

Termination of approved authority

The Australian and Overseas Telecommunications Corporation is declared, under paragraph (a) of the definition of “approved authority” in subsection 3 (1) of the Superannuation Act 1976, not to be an approved authority for the purposes of that Act.

_____________________________________________

NOTE

Note: 1. Notified in the Commonwealth of Australia Gazette on 29 January 1993.