Document ID: chunk:federal_register_of_legislation:C2004A04205:body:0:p42
Version: federal_register_of_legislation:C2004A04205
Segment Type: other
Provision Reference: 
Character Range: 106075–108922

from Consolidated Revenue Fund

"33e. (1) There must be paid to the person or body administering an approved superannuation scheme, at such times as the Minister determines, such amounts (if any) as are determined by the Minister having regard to:

    (a)     the amount of the payments (if any) made under section 19 by the authority or body that established the scheme in respect of the persons mentioned in paragraph 33d (a); and

    (b)     the amount of the accumulated member contributions (within the meaning of the Rules) of those persons; and

    (c)     the method of calculating transfer values under Division 2 of Part 8 of the Rules; and

  (d)     any relevant actuarial advice obtained by the Minister; and

  (e)     any other matters that the Minister considers relevant.

"(2) Payments under subsection (1) are to be paid out of the Consolidated Revenue Fund, which is appropriated accordingly.

Exemption from tax etc.

"33f. No tax or charge is payable under any law of the Commonwealth (other than the Income Tax Assessment Act 1936) or any law of a State or of a Territory in respect of a transfer of assets or liabilities under section 33d.

"Division 3—Authorised superannuation schemes

Authorisation of superannuation schemes for the purposes of Part 6 of the Rules

"33g. (1) The Minister may, in writing, declare a superannuation scheme that provides benefits for persons who are employed by, or are members of the staff of, an authority or body to be an authorised superannuation scheme for the purposes of Part 6 of the Rules.

"(2) Where the Minister makes a declaration under subsection (1), the Minister is to determine, in writing, the period within which, for the purposes of Part 6 of the Rules, a person who is a member of the Superannuation Scheme and employed by, or a member of the staff of, the authority or body may become a member of the superannuation scheme as so authorised.".

Certain authorities to pay part of costs of administration

   75. Section 35 of the Principal Act is amended:

     (a) by omitting paragraph (2) (b) and substituting the following paragraph:

     "(b) a declared authority:

           (i) whose staff includes or included members; or

           (ii) whose employees include or included members;";

     (b) by omitting from subsection (4) the definition of "declared authority" and substituting the following definition:

     " 'declared authority' means:

         (a) an authority (other than an approved authority) or a body:

             (i) whose staff consists of persons appointed or employed under the Public Service Act 1922; and

              (ii) that has been declared, in writing, by the Minister to be an authority or body to which this subsection applies; or

         (b) an authority or body (other than a State authority) whose employees include