Document ID: chunk:federal_register_of_legislation:F2008B00485:body:0:p5
Version: federal_register_of_legislation:F2008B00485
Segment Type: other
Provision Reference: 
Character Range: 11573–14907

combination of (A) and (B); and

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        (v) the cost to the employer of the superannuation scheme 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 and may include professionals;

           (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

        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;

      (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:

           (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 and 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.

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PART 3 - OTHER COMMONWEALTH SECTOR EMPLOYERS

DIVISION I: SELF ASSESSMENT AND PROCEDURE

   11. An employer, not being an employer set out in Schedule 2, 3 or 4 of this Determination, 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 benefits from the employer's own source of funds without obtaining a special supplementation from the Commonwealth;

      (b) the arrangement provides for superannuation benefits to