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Commonwealth legislation
This regulation creates optional lump-sum benefits and adjusts pension formulas for former Provident Account contributors who became eligible employees under the Superannuation Act 1976. It adds a new Division 7 (ss196–211) allowing written elections to receive lump sums in specified retirement, invalidity, death or retrenchment scenarios; payments are calculated by alternative formulas (multiples of accumulated contributions or salary-based amounts), and past payments to the former Board may be added with interest (see ss197–201, 221).
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Direct links to the current provisions in Superannuation (CSS) Former Provident Account Contributors Regulations 1978.
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Superannuation (CSS) Former Provident Account Contributors Regulations 1978
Statutory Rules 1978 No. 227 as amended
made under the
Superannuation Act 1976
This compilation was prepared on 1 July 2011
taking into account amendments up to SLI 2011No. 131
Prepared by the Office of Legislative Drafting,
Attorney-General’s Department, Canberra
Contents
1 Name of Regulations [see Note 1]
2 Commencement
3 Interpretation
4 Application of the Act and the provisions of the Act to certain persons
Schedule Modifications of the Act in the application of the Act in relation to certain persons to whom section 183 of the Act applies
Notes
1 Name of Regulations [see Note 1]
These Regulations are the Superannuation (CSS) Former Provident Account Contributors Regulations 1978.
2 Commencement
(1) Subject to subregulation (2), these Regulations shall be deemed to have taken effect from and including 1 July 1976.
(2) Subregulation 4 (2) shall be deemed to have taken effect from and including 24 April 1978.
3 Interpretation
In these Regulations, the Act means the Superannuation Act 1976.
4 Application of the Act and the provisions of the Act to certain persons
(1) The Act and the provisions of the Act specified in the Schedule apply subject to the modifications specified in the Schedule to and in relation to those persons to whom section 183 of the Act applies who:
(a) have ceased to be eligible employees, being eligible employees referred to in paragraph (a) of the definition of eligible employee in subsection 3 (1) of the Act;
(b) have not, after so ceasing, again become eligible employees; and
(c) immediately before the commencing day, were contributors to, or were liable to contribute to, the Provident Account established under the superseded Act.
(2) Section 157 of the Act, in its application to and in relation to the persons referred to in subregulation (1), is modified by omitting from paragraph (a) of subsection (3) ‘92, 128, 137’ or ‘139A’ and substituting ‘92, 128, 137, 139A, 197, 198, 199, 202, 203’ or ‘205’.
Schedule Modifications of the Act in the application of the Act in relation to certain persons to whom section 183 of the Act applies
(subregulation 4 (1))
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse"><thead><tr><td style="width:51.3pt; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableColHead"><span></span></p></td><td colspan="13" style="width:308.9pt; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableColHead"><span style="font-family:Helvetica, sans-serif">Modifications</span></p></td></tr><tr><td style="width:51.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableColHead"><span style="font-weight:normal; font-style:italic">Section</span></p></td><td colspan="13" style="width:308.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableColHead"><span style="font-size:11pt; font-weight:normal; font-style:italic"></span></p></td></tr></thead><tbody><tr><td style="width:51.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:9pt; line-height:12pt"><span style="font-size:11pt">55</span></p></td><td colspan="13" style="width:308.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:9pt; line-height:12pt"><span style="font-size:11pt">Insert in subsection (1) ‘or section 197’ after ‘section 62’;</span><br><span style="font-size:11pt">Insert in subsection (2) ‘or section 197’ after ‘section 62’.</span></p></td></tr><tr><td style="width:51.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:3pt; line-height:12pt"><span style="font-size:11pt">56</span></p></td><td colspan="13" style="width:308.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:3pt; margin-left:1.65pt; margin-bottom:3pt; line-height:12pt"><span style="font-size:11pt">Omit from paragraph (b) of subsection (1) ‘30 years’, substitute ‘20</span><span style="font-size:11pt"> </span><span style="font-size:11pt">years’</span></p><p style="margin-top:3pt; margin-left:1.65pt; margin-bottom:3pt; text-indent:-1.65pt; line-height:12pt"><span style="font-size:11pt">Omit from paragraph (b) of subsection (3) ‘30’, substitute ‘20’</span></p><p style="margin-top:3pt; margin-left:1.65pt; text-indent:-1.65pt; line-height:12pt"><span style="font-size:11pt">Omit the definition of the factor P</span><span style="font-size:7.33pt; vertical-align:sub">2</span><span style="font-size:11pt"> in paragraph (d) of subsection (3), substitute: ‘</span><span style="font-size:11pt; font-weight:bold">P</span><span style="font-size:7.33pt; vertical-align:sub">2</span><span style="font-size:11pt; font-style:italic"> </span><span style="font-size:11pt">is equal to 2.5.’.</span></p></td></tr><tr style="height:237pt"><td style="width:51.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:3pt; line-height:12pt"><span style="font-size:11pt">62</span></p></td><td colspan="13" style="width:308.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:3pt; margin-left:15.85pt; margin-bottom:3pt; text-indent:-14.2pt; line-height:12pt"><span style="font-size:11pt">Insert in subsection (2) ‘subsection (2AA) and’ after ‘Subject to’</span></p><p style="margin-top:3pt; margin-left:22.95pt; margin-bottom:3pt; text-indent:-22.95pt; line-height:12pt"><span style="font-size:11pt">Insert after subsection (2) the following subsection:</span></p><p style="margin-top:3pt; margin-left:35.4pt; margin-bottom:3pt; text-indent:-35.4pt; line-height:12pt"><span style="font-size:11pt">‘(2AA)</span><span style="width:3.02pt; text-indent:0pt; font-size:11pt; display:inline-block"> </span><span style="font-size:11pt">Subject to section 62B, if in the circumstances in which a person referred to in subsection (2) ceased to be an eligible employee, the person would, for the purposes of section 82 of the superseded Act, have been regarded as having had his or her services terminated owing to retrenchment if that section had continued to apply to the person and he or she had not previously been paid a sum under subsection 82 (2) of the superseded Act, the person is entitled to payment of a lump sum benefit of an amount equal to whichever is the greater of:</span></p><p style="margin-top:3pt; margin-left:58.35pt; text-indent:-28.35pt; line-height:12pt"><span style="font-size:11pt">(a)</span><span style="width:16.14pt; text-indent:0pt; font-size:11pt; display:inline-block"> </span><span style="font-size:11pt">an amount calculated in accordance with subsection (2); and</span></p><p style="margin-left:58.35pt; margin-bottom:3pt; text-indent:-28.35pt; line-height:12pt"><span style="font-size:11pt">(b)</span><span style="width:15.52pt; text-indent:0pt; font-size:11pt; display:inline-block"> </span><span style="font-size:11pt">an amount calculated in accordance with subsection (2CA).’</span></p><p style="margin-top:3pt; margin-left:15.85pt; margin-bottom:3pt; text-indent:-14.2pt; line-height:12pt"><span style="font-size:11pt">Omit from subsection (2A) ‘(2B) or’, substitute ‘(2B), (2BA) or’</span></p><p style="margin-top:3pt; margin-left:1.65pt; line-height:12pt"><span style="font-size:11pt">Omit from subsection (2B) ‘If’, substitute ‘Subject to subsection (2BA), if’</span></p></td></tr><tr style="height:27pt"><td style="width:51.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:3pt; page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt"></span></p></td><td colspan="13" style="width:308.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:3pt; margin-bottom:3pt; page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt">Insert after subsection (2B) the following subsection:</span></p><p style="margin-top:3pt; margin-left:35.4pt; margin-bottom:3pt; text-indent:-35.4pt; page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt">‘(2BA)</span><span style="width:3.63pt; text-indent:0pt; font-size:11pt; display:inline-block"> </span><span style="font-size:11pt">Subject to section 62B, if in the circumstances in which a person referred to in subsection (2B) ceased to be an eligible employee, the person would, for the purposes of section 82 of the superseded Act, have been regarded as having had his or her services terminated owing to retrenchment if that section had continued to apply to the person and he or she had not previously been paid a sum under subsection 82 (2) of the superseded Act, the person is entitled to payment of a lump sum benefit of an amount equal to whichever is the greater of:</span></p><p style="margin-top:3pt; margin-left:58.35pt; text-indent:-28.35pt; page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt">(a)</span><span style="width:16.14pt; text-indent:0pt; font-size:11pt; display:inline-block"> </span><span style="font-size:11pt">an amount calculated in accordance with subsection (2B); and</span></p><p style="margin-left:58.35pt; margin-bottom:3pt; text-indent:-21.25pt; page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt">(b)</span><span style="width:8.42pt; text-indent:0pt; font-size:11pt; display:inline-block"> </span><span style="font-size:11pt">an amount calculated in accordance with subsection (2CA).’.</span></p><p style="margin-top:3pt; margin-left:1.65pt; margin-bottom:3pt; text-indent:-1.65pt; page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt">Insert in paragraph (2C) (a) ‘or (2BA), as the case requires’, after ‘subsection (2B)’.</span></p><p style="margin-top:3pt; margin-left:1.65pt; margin-bottom:3pt; page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt">Insert in paragraph (2C) (b) ‘or (2BA), as the case requires,’ after ‘subsection (2B)’</span></p><p style="margin-top:3pt; margin-bottom:3pt; page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt">Insert after subsection (2C) the following subsection:</span></p><p style="margin-top:3pt; margin-left:35.4pt; margin-bottom:3pt; text-indent:-35.4pt; page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt">‘(2CA)</span><span style="width:3.63pt; text-indent:0pt; font-size:11pt; display:inline-block"> </span><span style="font-size:11pt">The amount referred to in paragraphs (2AA) (b) and (2BA) (b) is:</span></p><p style="margin-top:3pt; margin-left:58.35pt; margin-bottom:3pt; text-indent:-28.35pt; page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt">(a)</span><span style="width:16.14pt; text-indent:0pt; font-size:11pt; display:inline-block"> </span><span style="font-size:11pt">in the case of a person who is, or has been, an approved part-time employee</span><span style="font-size:11pt"> </span><span style="font-size:11pt">— either:</span></p><p style="margin-top:3pt; margin-left:79.65pt; margin-bottom:18pt; text-indent:-21.3pt; page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt">(i)</span><span style="width:10.92pt; text-indent:0pt; font-size:11pt; display:inline-block"> </span><span style="font-size:11pt">the amount calculated in accordance with the following formula:</span></p><p style="margin-top:18pt; margin-left:1.65pt; margin-bottom:18pt; text-indent:0.05pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><img src="image.002.png" width="10" height="19" alt="" style="vertical-align:middle"><img src="image.003.png" width="50" height="38" alt="" style="vertical-align:middle"></p><p style="margin-top:18pt; margin-left:79.65pt; margin-bottom:12pt; text-indent:-21.3pt; page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt">(ii)</span><span style="width:7.86pt; text-indent:0pt; font-size:11pt; display:inline-block"> </span><span style="font-size:11pt">the amount calculated in accordance with the following formula:</span></p><p style="margin-top:12pt; margin-left:30pt; margin-bottom:12pt; text-indent:-21.25pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><img src="image.004.png" width="32" height="38" alt="" style="vertical-align:middle"></p><p style="margin-top:12pt; margin-left:58.35pt; page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt">whichever is the greater amount, where:</span></p><p style="page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt; font-weight:bold; font-style:italic">A </span><span style="font-size:11pt">is an amount equal to the person’s final annual rate of salary.</span></p><p style="page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt; font-weight:bold; font-style:italic">B </span><span style="font-size:11pt">is the number of complete years included in the person’s period of contributory service, within the meaning of the Superannuation (Approved Part-time Employees) Regulations.</span></p><p style="page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt; font-weight:bold; font-style:italic">C </span><span style="font-size:11pt">is the number of complete years included in the person’s period of employment within that meaning.</span></p><p style="page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt; font-weight:bold; font-style:italic">D </span><span style="font-size:11pt">is the number of days in the person’s period of contributory service within that meaning.</span></p><p style="margin-bottom:3pt; page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt; font-weight:bold; font-style:italic">E </span><span style="font-size:11pt">is the number of days in the person’s period of employment within that meaning; or</span></p><p style="margin-top:3pt; margin-left:37.15pt; text-indent:-21.25pt; page-break-inside:avoid; page-break-after:avoid; line-height:12pt"><span style="font-size:11pt">(b)</span><span style="width:8.42pt; text-indent:0pt; font-size:11pt; display:inline-block"> </span><span style="font-size:11pt">in any other case</span><span style="font-size:11pt"> </span><span style="font-size:11pt">— one half of the amount per annum of the person’s final annual rate of salary.’.</span></p></td></tr><tr><td style="width:51.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:3pt; line-height:12pt"><span style="font-size:11pt">66</span></p></td><td colspan="13" style="width:308.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:3pt; margin-left:1.65pt; margin-bottom:3pt; line-height:12pt"><span style="font-size:11pt">Omit from paragraph (a) of subsection (1) ‘68 or 69’, substitute ‘68, 69 or 198’</span></p><p style="margin-top:3pt; margin-bottom:3pt; line-height:12pt"><span style="font-size:11pt">Omit from paragraph (b) of subsection (1) ‘or’</span></p><p style="margin-top:3pt; margin-left:15.85pt; text-indent:-14.2pt; line-height:12pt"><span style="font-size:11pt">Add at the end of subsection (1) the following word and paragraph:</span></p><p style="margin-left:58.35pt; margin-bottom:3pt; text-indent:-28.35pt; line-height:12pt"><span style="font-size:11pt">‘; or</span></p><p style="margin-top:3pt; margin-left:58.35pt; margin-bottom:3pt; text-ind
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