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Superannuation (Former HLIC Employees) Regulations

Statutory Rules 1991 No. 22 as amended

made under the

Superannuation Act 1976

This compilation was prepared on 3 November 2000
taking into account amendments up to SR 1993 No. 350

Prepared by the Office of Legislative Drafting,
Attorney-General's Department, Canberra

Contents
Page

 1 Citation [see Note 1]
 2 Interpretation
 3 Application of the Act to certain persons employed by or in connection with the Housing Loans Insurance Corporation

Schedule Modification of the Act in its application to certain persons employed by, or holding office with, the Housing Loans Insurance Corporation

Notes

1 Citation [see Note 1]

  These Regulations may be cited as the Superannuation (Former HLIC Employees) Regulations.

2 Interpretation

  In these Regulations, the Act means the Superannuation Act 1976.

3 Application of the Act to certain persons employed by or in connection with the Housing Loans Insurance Corporation

 (1) These Regulations apply to a person who:
 (a)  is a person to whom section 155B of the Act applies; and
 (b) was, immediately before becoming such a person, a Corporation employee within the meaning of the Housing Loans Insurance Corporation (Sale of Assets and Abolition) Act 1990;
  other than a person who:
 (c) has not received an offer of the kind referred to in subsection 15 (1) of that Act; or
 (d) has received such an offer but is a person to whom that subsection does not apply by reason of subsection 15 (2) of that Act.

 (2) In its application to and in relation to a person to whom these Regulations apply, the Act is modified as specified in the Schedule.
Schedule Modification of the Act in its application to certain persons employed by, or holding office with, the Housing Loans Insurance Corporation
(subregulation 3 (2))

1 Subsection 3 (1):

 Insert:

 'buyer has the same meaning as in the Sale Act.

 Corporation Act has the same meaning as in the Sale Act.

 Sale Act means the Housing Loans Insurance Corporation (Sale of Assets and Abolition) Act 1990.

 sale day has the same meaning as in the Sale Act.

 subsidiary has the same meaning as in the Sale Act.

 transferee means a person who:
 (a) is a person to whom the Superannuation (Former HLIC Employees) Regulations apply; and
 (b) accepts an offer of employment beginning on sale day that is made by the buyer or a subsidiary of the buyer.'.

2 Section 58:

 Add at the end:

 '(6) Subsection (3) does not apply to a person to whom the Superannuation (Former HLIC Employees) Regulations apply if the person is taken, under subsection 15 (1) of the Sale Act, to have resigned on sale day from an appointment or engagement under the Corporation Act.'.

3