Document ID: chunk:federal_register_of_legislation:F2014C00843:schedule:1
Version: federal_register_of_legislation:F2014C00843
Segment Type: schedule
Provision Reference: sch 1
Character Range: 2233–3172

Schedule 1

  The following requirements are to be satisfied:
 (a) the arrangement must be provided through a fund, chosen by the employee, which is a "complying superannuation fund" or a Retirement Savings Account;
 (b) all contributions made to the arrangement are vested in the employee, and benefits are automatically preserved in accordance with Part 6 of the Superannuation Industry (Supervision) Regulations or a similar arrangement in respect of a Retirement Savings Account;
 (c) the arrangement must not result in any increase in employment costs to the employing agency; and
 (d) employer contributions cease on, or immediately following, termination of employment.
  In this schedule:
Complying superannuation fund means a fund for the purposes of section 45 of the Superannuation Industry (Supervision) Act 1993.
Retirement Savings Account means an account defined in section 8 of the Retirement Savings Accounts Act 1997.