1Superannuation (Productivity Benefit) Alternative Arrangements Declaration No. 7

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Statutory Rules 1998 No. 1691

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Superannuation (Productivity Benefit) Alternative Arrangements Declaration No. 7

I, JOHN JOSEPH FAHEY, Minister for Finance and Administration, make the following Declaration under subsections 4A (1) and (2) of the Superannuation (Productivity Benefit) Act 1988.

Dated 22 June 1998.

JOHN FAHEY
Minister for Finance and Administration

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Citation

1. This Declaration may be cited as Superannuation (Productivity Benefit) Alternative Arrangements Declaration No. 7.

Commencement

2. This Declaration is taken to have commenced on 1 July 1994.

Interpretation

3. In this Declaration:

“ACT Public Service” means the Service established by subsection 12 (1) of the Public Sector Management Act 1994 of the Australian Capital Territory;

“the Act” means the Superannuation (Productivity Benefit) Act 1988.

Temporary employees of ACTTAB

4. For the purposes of subsection 4A (1) of the Act, persons each of whom:

(a) is an officer or employee of the ACT Public Service; and

(b) was, immediately before becoming an officer or an employee:

(i) an employee of the Australian Capital Territory Totalizator Administration Board (other than a permanent employee); and

(ii) a member of the ACTTAB Limited Staff Superannuation Plan; and

(c) was, immediately after becoming an officer or an employee, an officer or employee performing duties for the Australian Capital Territory Totalizator Administration Board; and

(d) continues to be an officer or employee who performs duties for the Australian Capital Territory Totalizator Administration Board; and

(e) is not a scheme employee;

are a class of persons who are neither fund employees nor interim arrangement employees.

Specified arrangements: temporary employees of ACTTAB

5. (1) For the purposes of subsection 4A (2) of the Act, the following arrangements are to apply to a person included in the class referred to in clause 4 (in this clause called a “transferred employee”).

(2) A transferred employee may, at any time, elect to become a member of the nominated fund or an approved fund.

(3) An election under subclause (2):