Document ID: chunk:federal_register_of_legislation:F2008B00485:body:0:p3
Version: federal_register_of_legislation:F2008B00485
Segment Type: other
Provision Reference: 
Character Range: 5828–9028

technical workers; and

     unless the employer has been advised by the Minister for Finance or the Department of Finance that a report on the following matter is not required,

        (vi) whether the invalidity retirement rate exceeded the prevailing rate of retirement in the private sector as a result of total and permanent disablement; and

      (e) taking as a whole the individual superannuation arrangements established by the employer:

        (i) whether the nature of the arrangements is:

           (A) a cash accumulation arrangement;

           (B) a defined benefit arrangement; or

           (C) a combination of (A) and (B);

        (ii) whether the benefits paid during the reporting period in respect of the arrangements were by way of:

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           (A) lump sum;

           (B) pension; or

           (C) a combination of (A) and (B);

        (iii) the cost to the employer of the individual superannuation arrangement for the following categories of employees to be expressed as a percentage of the average salary for superannuation purposes in the respective categories:

           (A) senior executive management, including people who are primarily accountable to the Board of the employer;

           (B) other executive management, including people who are primarily accountable to the senior executive management of the employer;

           (C) clerical and administrative, including people whose duties are clerical or administrative arid may include professionals; and

           (D) all other employees, being people not covered by (A), (B), or (C) including but not limited to light manual, heavy manual or technical workers; and

        (iv) the number of the individual superannuation arrangements existing during the reporting period.

PART 2 - STATUTORY MARKETING AUTHORITIES

DIVISION I: SELF ASSESSMENT AND PROCEDURE

   6. An employer may establish a superannuation arrangement to provide superannuation benefits for its employees (full time, part-time, and casual) if and only if that employer completely satisfies each of the following requirements:

      (a) the arrangement provides for superannuation benefits to be provided from a 'fully-funded fund' as defined;

      (b) the projected costs to the employer of the arrangement are reasonable having regard to the circumstances of the employer and the cost of superannuation arrangements in the Commonwealth public sector generally;

      (c) the employer is a person that:

        (i) employs people under a relevant law as defined in the Act;

        (ii) is a relevant body as defined in the Act; or

        (iii) is the subject of a declaration under subsection 3(5) of the Act; and

      (d) the employer is one of the persons set out in schedule 3; and

      (e) the employer does not employ people under the Public Service Act 1922;

   7. Before the employer establishes a superannuation scheme for the first time for more than one employee, the employer must in writing and by certified mail:

      (a) advise the Assistant Secretary that the employer satisfies the requirements