Document ID: chunk:federal_register_of_legislation:C2004A04386:schedule:2:p5
Version: federal_register_of_legislation:C2004A04386
Segment Type: schedule
Provision Reference: sch 2 (pt 5/5)
Character Range: 70771–73340

percentage of the sum of the unpaid contribution and any unpaid penalty, calculated at the end of each month or part of a month after the end of that period until the contribution is paid in full.

"(2) The determined percentage is such percentage as the Commission determines with the approval of the Minister but not exceeding:

    (a) 1.5%; or

    (b) if another percentage is prescribed—that other percentage.

Recovery of contribution and penalty

"67K. An amount of contribution, or of penalty under section 67J, is a debt due to the Commonwealth and payable to Comcare.".

PART 6—AMENDMENTS OF THE SUPERANNUATION ACT 1976

Principal Act

47. In this Part, "Principal Act" means the Superannuation Act 19765.

Interpretation

48. Section 54D of the Principal Act is amended:

    (a) by omitting "an administering" from the definition of "employee" and substituting "a licensed administering";

    (b) by omitting "the administering" from the definition of "employee" and substituting "the licensed administering";

    (c) by omitting the definition of "administering authority";

    (d) by inserting the following definition:

    " 'licensed administering authority' means a Commonwealth authority that holds a Class 2 Licence or a Class 3 Licence under Part VIIIA of the Commonwealth Employees' Rehabilitation and Compensation Act 1988;".

Board to seek recommendations

49. Section 54G of the Principal Act is amended:

    (a) by omitting from paragraphs (a) and (b) "an administering" and substituting "a licensed administering";

    (b) by omitting from paragraph (a) "the administering" and substituting "the licensed administering".

Board to decide whether to approve retirement

50. Section 54H of the Principal Act is amended by omitting from subsection (1) "an administering" and substituting "a licensed administering".

NOTES

 1. No. 75, 1988, as amended. For previous amendments, see Nos. 71, 109 and 135, 1988; No. 68, 1990; Nos. 70 and 122, 1991; and No. 7, 1992.

 2. No. 122, 1991.

 3. No. 7, 1992.

 4. No. 30, 1991, as amended. For previous amendments, see No. 7, 1992.

 5. No. 31, 1976, as amended. For previous amendments, see No. 51, 1976; No. 80, 1977; Nos. 17, 134, 169 and 170, 1978; Nos. 52 and 155, 1979; No. 177, 1980; No. 92, 1981; No. 92, 1983; Nos. 63 and 165, 1984; Nos. 80, 93, 151 and 153, 1986; No. 141, 1987; Nos. 38 and 130, 1988; Nos. 71, 97 and 125, 1989; No. 40, 1990; and No. 130, 1991.

[Minister's second reading speech made in—
     House of Representatives on 30 April 1992
     Senate on 27 May 1992]