Commonwealth legislation

Superannuation (Productivity Benefit) (Nominated Fund) Declaration 2012

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Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

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This Declaration formally names AustralianSuper as the “nominated fund” under the Superannuation (Productivity Benefit) Act 1988, effective 1 January 2013. It also revokes the earlier nominated‑fund declaration made on 27 June 1990. The change affects any person or entity whose rights or obligations under the Act turn on which entity is the nominated fund, by substituting AustralianSuper as the statutory reference point for those purposes.

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Superannuation (Productivity Benefit) (Nominated Fund) Declaration 2012

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Superannuation (Productivity Benefit) (Nominated Fund) Declaration 20121

I, Penelope YING YEN WONG, Minister for Finance and Deregulation, make the following Declaration under subsection 4B(1) of the Superannuation (Productivity Benefit) Act 1988.

Dated 14 December 2012

Penelope YING YEN WONG

Minister for Finance and Deregulation

1 Name of Declaration

This Declaration is the Superannuation (Productivity Benefit) (Nominated Fund) Declaration 2012.

2 Commencement

This Declaration commences on 1 January 2013.

3 Definition

In this Declaration:

Act means the Superannuation (Productivity Benefit) Act 1988.

4 Revocation

The declaration titled ‘Superannuation (Productivity Benefit) Act 1988 Declaration under subsection 4B(1)’ made under subsection 4B(1) of the Act on 27 June 1990 is revoked.

5 Nominated Fund

For the purposes of the Act, AustralianSuper is declared to be the nominated fund.

Note

Note: 1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au.

Source text

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

1 Superannuation (Productivity Benefit) (Nominated Fund) Declaration 2012