Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:2
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 2
Character Range: 4538–6274

2  Establishment of the Public Sector Superannuation Scheme and the PSS Fund

     2.1 There is hereby established an occupational superannuation scheme (in this Deed called "the Public Sector Superannuation Scheme") to come into force on 1 July 1990 for the benefit of:
         (a) persons employed by the Commonwealth and approved authorities;
         (b) holders of statutory offices;
         (c) other persons who, under Part 3 of the Act, will be required to be, or may become, members of the Public Sector Superannuation Scheme; and
         (d) persons who have an entitlement to an associate benefit;
         to be administered in accordance with the Deed:
         (e) in relation to the period before 24 June 1995, by the Commonwealth Superannuation Board of Trustees No. 1; and
         (f) in relation to the period from 24 June 1995 to 30 June 2006, by the PSS Board; and
         (g) in relation to the period from 30 June 2006 to immediately before the commencement of the Governance of Australian Government Superannuation Schemes Act 2011, by the Australian Reward Investment Alliance (which, in this Deed, is called "the Board"); and
         (h) in relation to the period immediately following the commencement of the Governance of Australian Government Superannuation Schemes Act 2011, by the Commonwealth Superannuation Corporation (CSC) as defined in the Governance of Australian Government Superannuation Schemes Act 2011 (in this Deed called "CSC").
     2.2 For the purposes of the Public Sector Superannuation Scheme there is hereby established and vested in CSC (formerly referred to as "the Board") a fund to be known as the Superannuation Fund No. 1 and after 23 June 1995 to be known as the PSS Fund.