3Benefit certificates

3 Benefit certificates

(1) An employer must obtain a benefit certificate from an actuary: (a) if the employer is required to lodge a superannuation guarantee statement—on or before the day on which the superannuation guarantee statement for the quarter to which the certificate relates is lodged; or (b) if the employer is not required to lodge a superannuation guarantee statement—at or before the time ascertained under subsections 10 (3) and (4) of the Act; or (c) on or before such later date as the Commissioner allows. (2) A benefit certificate must: (a) include the name of each defined benefit superannuation scheme to which the certificate relates; and (b) specify, or identify by reference to the governing rules of each scheme to which the certificate relates, the minimum requisite benefit; and (c) specify: (i) the notional employer contribution rate in relation to each scheme, or combination of schemes, to which the certificate relates; and (ii) the class of members of the scheme or schemes to which the notional employer contribution rate relates; and (d) include a statement to the effect that each notional employer contribution rate referred to in paragraph (c) has been calculated in accordance with these Regulations; and (e) specify the date of effect of the benefit certificate in relation to each scheme to which the certificate relates; and (f) include the name, business address and actuarial qualifications of the actuary who issues the certificate; and (g) include the signature of the actuary and the date on which the certificate is signed.