Commonwealth legislation

Superannuation (PSS) Approved Authority Declaration No. 1

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

411 of 1990

Collection

legislative instrument

Plain English Summary

1/10 complexity

This declaration allows employees of the Rural Industries Research and Development Corporation to join the Commonwealth government's superannuation scheme.

Under the Superannuation Act 1990, only certain employers (called "approved authorities") can offer the Public Sector Superannuation (PSS) scheme to their staff. This instrument designates the Rural Industries Research and Development Corporation as one of those approved authorities, effective from 1 August 1990.

In practical terms, this means staff of this corporation became eligible for the Commonwealth's defined benefit superannuation scheme (a type of retirement savings plan where benefits are calculated based on salary and years of service) rather than only having access to standard private sector arrangements.

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Current sections

Direct links to the current provisions in Superannuation (PSS) Approved Authority Declaration No. 1.

Superannuation (PSS) Approved Authority Declaration No. 1

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View image in the official sourceStatutory Rules 1990 No. 4111

View image in the official sourceSuperannuation (PSS) Approved Authority

Declaration No. 1

I, RALPH WILLIS, Minister of State for Finance, hereby make the following Declaration for the purposes of paragraph (b) of the definition of "approved authority" in section 3 of the Superannuation Act 1990.

Dated 5 December 1990.

RALPH WILLIS

Minister of State for Finance

View image in the official sourceCitation

This Declaration may be cited as Superannuation (PSS) Approved Authority Declaration No. 1.

Commencement

2. This Declaration is taken to have had effect from and including 1 August 1990.

Approved Authority

3. The Rural Industries Research and Development Corporation is an approved authority for the purposes of the Superannuation Act 1990.

View image in the official sourceNOTE

1. Notified in the Commonwealth of Australia Gazette on 17 December 1990.

Source text

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