Commonwealth legislation

Superannuation (CSS) Approved Authority Declaration No. 7

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

422 of 1991

Collection

legislative instrument

Plain English Summary

1/10 complexity

This Declaration allows employees of the Export Finance and Insurance Corporation (EFIC) to join the Commonwealth Superannuation Scheme (CSS).

What it does It declares EFIC to be an 'approved authority' under the Superannuation Act 1976. This means staff of this government-owned corporation can become members of the CSS — a defined benefit superannuation fund that was the main pension scheme for Australian Government employees at the time.

Who it affects

Employees of EFIC: They become eligible to join the CSS and receive associated retirement benefits
EFIC itself: The corporation must make employer superannuation contributions to the scheme on behalf of its staff

Why it matters Without this Declaration, EFIC employees could not access the CSS. This instrument extends public sector superannuation coverage to staff of this specific government business enterprise, ensuring they receive the same retirement benefits as other Commonwealth employees.

JSON API Tax / GST / superannuation

Deep dive

Want the full deep dive?

Zoe can write the in-depth analysis on top of the summary above: how it works, who it affects and what each part actually does.

Current sections

Direct links to the current provisions in Superannuation (CSS) Approved Authority Declaration No. 7.

Superannuation (CSS) Approved Authority Declaration No. 7

Commonwealth Coat of Arms of Australia View image in the official source

Statutory Rules 1991 No. 4221

View image in the official sourceSuperannuation (CSS) Approved Authority

Declaration No. 7

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

Dated 6 December 1991.

RALPH WILLIS

Minister of State for Finance

View image in the official sourceCitation

This Declaration may be cited as Superannuation (CSS)

Approved Authority Declaration No. 7.

Superannuation (CSS) Approved Authority

Declaration No. 7 1991 No. 422

Commencement

This Declaration is taken to have commenced on 1 November 1991.

Approved authority

View image in the official source3. The Export Finance and Insurance Corporation is declared, under paragraph (a) of the definition of “approved authority” in subsection 3 (1) of the Superannuation Act 1976, to be an approved authority for the purposes of that Act.

NOTE

Notified in the Commonwealth of Australia Gazette on 19 December 1991.

Source text

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

1 Superannuation (CSS) Approved Authority Declaration No. 7

Statutory Rules 1991 No. 4221

Superannuation (CSS) Approved Authority

Declaration No. 7

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

Dated 6 December 1991.

RALPH WILLIS

Minister of State for Finance

Citation

This Declaration may be cited as Superannuation (CSS)

Approved Authority Declaration No. 7.

Superannuation (CSS) Approved Authority

Declaration No. 7 1991 No. 422

Commencement

This Declaration is taken to have commenced on 1 November 1991.

Approved authority

3. The Export Finance and Insurance Corporation is declared, under paragraph (a) of the definition of “approved authority” in subsection 3 (1) of the Superannuation Act 1976, to be an approved authority for the purposes of that Act.

NOTE

Notified in the Commonwealth of Australia Gazette on 19 December 1991.