Document ID: chunk:federal_register_of_legislation:C2004A04907:body:0:p28
Version: federal_register_of_legislation:C2004A04907
Segment Type: other
Provision Reference: 
Character Range: 69623–72236

6A(4):

Omit "CSB No. 2", substitute "CSS Board".

6. Section 12:

Repeal, substitute:

Cases where person taken not to have ceased to be a member

"12. If a person ceases to be a member and, immediately after so ceasing, again becomes a member:

    (a) the person is taken, for the purposes of this Act other than paragraph (b), not to have so ceased; but

    (b) the person is not required or permitted to pay contributions in respect of the period between the time when the person ceased to be a member and the time when the person again becomes a member.".

7. Subsection 13(1A):

Omit "Division 1 of Part 12 of".

8. Subsection 14(1):

Omit "and paid to the Board".

9. After section 14:

Insert:

Deductions of contributions by designated employer

"14A.(1) If the designated employer of a member deducts from the member's salary an amount that the employer is permitted by subsection 14(1) to deduct from that salary:

    (a) the employer is to pay the amount deducted to the Board; and

    (b) if an amount deducted is not paid to the Board on the day on which it is deducted and the Board directs that this paragraph is to apply in relation to the amount—the employer is to pay to the Board interest on the amount, at any rate that the Board determines from time to time, in respect of the period beginning on the day on which the amount is deducted and ending on the day immediately before the day on which the amount is paid.

"(2) The Board is to pay to the PSS Fund any interest paid to the Board under paragraph (1)(b).".

SCHEDULE 4—continued

10. Subsection 15(1):

Omit.

11. Section 20:

Omit "Commonwealth Superannuation Board of Trustees No. 1", substitute "PSS Board".

12. Subsection 29(3):

Omit.

13. Paragraph 33E(1)(c):

Omit, substitute:

     "(c) the method of calculating final benefit accrual and preserved benefits under the Rules; and".

14. Subsection 33G(1):

Omit "Part 6 of".

    Note: The heading to section 33G is altered by omitting "Part 6 of".

15. After section 33:

Insert:

Board may rely on information supplied by employers or former employers

"33AA.(1) For the purposes of the Trust Deed in its application to or in respect of a person who is or has been a member of the Public Sector Superannuation Scheme, the Board may, but is not required to, presume that any information provided to the Board by an employer or former employer of the person is correct.

"(2) If a tribunal, authority or person is empowered to review a decision of the Board and vary, or make a decision in substitution for, the Board's decision, the tribunal, authority or person is not