CTHIn ForceLegislation
Superannuation Guarantee (Administration) Regulations 2018
7Benefit certificates
Start here
Get a plain-English read of 7
Turn the raw legal text into a practical explanation grounded in Superannuation Guarantee (Administration) Regulations 2018.
#### 7 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 this instrument; 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.