Document ID: chunk:federal_register_of_legislation:C2017C00101:section:3:p3
Version: federal_register_of_legislation:C2017C00101
Segment Type: section
Provision Reference: s 3 (pt 3/7)
Character Range: 8503–11180

in the case of the year commencing on 1 January 1988—0.1286; or
 (b) in the case of a subsequent year—the rate, expressed as a fraction, that is the assessed secondary market yield last published by the Reserve Bank before 1 January in that year in respect of 10‑year non‑rebate Treasury bonds or, if such a yield had not been published by the Reserve Bank in the period of 3 months ending on that day, the rate fixed by the Minister by notice published in the Gazette in relation to that year.
new Superannuation Act means the Superannuation Act 1990.
nominated fund means the superannuation fund that is the nominated fund because of a declaration in force under section 4B.
pay period, in relation to a person who is, or has been, a qualified employee, means a period in respect of which the person would ordinarily receive salary.
permanent employee means any person employed in a permanent capacity by the Commonwealth or by an approved authority.
PSSAP means the Public Sector Superannuation Accumulation Plan within the meaning of the Superannuation Act 2005.
Public Service Act means the Public Service Act 1999.
qualified employee means:
 (b) a person employed by the Commonwealth; or
 (c) a person who is the holder of an office established by an Act, by regulations under an Act or by an Ordinance or enactment of the Australian Capital Territory;
 (d) a person who is employed by a body that is an approved authority, being a body that does not provide superannuation benefits (other than superannuation benefits approved under the Superannuation Benefits (Supervisory Mechanisms) Act 1990) to any of its employees otherwise than under the Superannuation Act or the new Superannuation Act;
 (e) a person who is an eligible employee for the purposes of the Superannuation Act and is employed by a body that is an approved authority, being a body that provides superannuation benefits to some of its employees otherwise than under that Act;
 (f) a person to whom subsection 3(5A) or (6) of the Superannuation Act applies; or
 (g) a person who, under the regulations or a declaration under subsection 3F(1), is a qualified employee;
but, subject to regulations and declarations made for the purposes of paragraph (g), does not include:
 (h) a person who is an employee of the Northern Territory or of an authority of the Northern Territory;
 (j) a person who is not an eligible employee for the purposes of the Superannuation Act but is a member of a superannuation scheme or has superannuation benefits funded by the person's employer or partly by the person's employer and partly by contributions from the person and other employees;
 (k) a person who is a member of