Document ID: chunk:federal_register_of_legislation:F2024C01224:front:0:p7
Version: federal_register_of_legislation:F2024C01224
Segment Type: other
Provision Reference: 
Character Range: 17100–19759

public sector superannuation scheme has the same meaning as in the SIS Act.
flag lifting agreement means a flag lifting agreement within the meaning of Part VIIIB or VIIIC of the Family Law Act 1975.
FSR commencement has the same meaning as in section 1410 of the Corporations Act 2001.
full‑time, in relation to being gainfully employed, means gainfully employed for at least 30 hours each week.
gainfully employed means employed or self‑employed for gain or reward in any business, trade, profession, vocation, calling, occupation or employment.
growth phase, for an RSA interest, has the meaning given by regulation 1.05A.
industrial authority means:
 (a) a court, or a tribunal or other body or person, constituted under a law of the Commonwealth, a State or a Territory with power of conciliation or arbitration in relation to industrial disputes; or
 (b) a special board constituted under the law of a State relating to factories.
investment earnings, in relation to the benefits (or to benefits of a particular kind) of an RSA holder as at any time, means the total of the amounts credited to the RSA:
 (a) if the RSA is an account—by way of positive interest; or
 (b) if the RSA is a policy—by way of positive investment returns or increases in the value of assets in which the policy is invested;
down to that time in respect of those benefits.
life expectancy has the same meaning as life expectation factor in section 27H of the Tax Act.
lost RSA holder has the meaning given by regulation 1.06.
mandated employer contributions, in relation to an RSA holder, means contributions by, or on behalf of, an employer that are equal to the sum of:
 (a) the contributions made by, or on behalf of, the employer to an RSA in relation to the RSA holder, that:
 (i) reduce the employer's potential liability for the superannuation guarantee charge imposed by section 5 of the Superannuation Guarantee Charge Act 1992; or
 (ii) are payments of shortfall components; and
 (b) the contributions (other than contributions of the kind specified in paragraph (a)) made by, or on behalf of, the employer to the RSA in relation to the RSA holder in or towards satisfaction of the employer's obligation to make contributions for the RSA holder, being an obligation under an agreement certified, or an award made, on or after 1 July 1986 by an industrial authority.
mandated employer‑financed benefits, in relation to an RSA holder as at a particular time, means benefits equal to the sum of:
 (a) the amount of the mandated employer contributions (if any) made to the RSA down to that time; and
 (b) the amount of the mandated employer‑financed benefits (if any) paid