Document ID: chunk:federal_register_of_legislation:F2022C01064:reg:7
Version: federal_register_of_legislation:F2022C01064
Segment Type: reg
Provision Reference: reg 7
Character Range: 7667–9253

7  Benefit certificates
 (1) An employer must obtain a benefit certificate from an actuary:
 (a) if the employer is required to lodge a superannuation guarantee statement—on or before the day on which the superannuation guarantee statement for the quarter to which the certificate relates is lodged; or
 (b) if the employer is not required to lodge a superannuation guarantee statement—at or before the time ascertained under subsections 10(3) and (4) of the Act; or
 (c) on or before such later date as the Commissioner allows.
 (2) A benefit certificate must:
 (a) include the name of each defined benefit superannuation scheme to which the certificate relates; and
 (b) specify, or identify by reference to the governing rules of each scheme to which the certificate relates, the minimum requisite benefit; and
 (c) specify:
 (i) the notional employer contribution rate in relation to each scheme, or combination of schemes, to which the certificate relates; and
 (ii) the class of members of the scheme or schemes to which the notional employer contribution rate relates; and
 (d) include a statement to the effect that each notional employer contribution rate referred to in paragraph (c) has been calculated in accordance with this instrument; and
 (e) specify the date of effect of the benefit certificate in relation to each scheme to which the certificate relates; and
 (f) include the name, business address and actuarial qualifications of the actuary who issues the certificate; and
 (g) include the signature of the actuary and the date on which the certificate is signed.