Document ID: chunk:federal_register_of_legislation:F2008B00485:body:0:p8
Version: federal_register_of_legislation:F2008B00485
Segment Type: other
Provision Reference: 
Character Range: 20233–23347

in the private sector as a result of total and permanent disablement; and

      (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.

PART 4 - MISCELLANEOUS EMPLOYERS

DIVISION I: SELF ASSESSMENT AND PROCEDURE

   15. An employer may provide superannuation benefits for its employees (full time, part-time, and casual) under:

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      (a) a superannuation arrangement established before 1 July 1994, as amended from time to time after that date; or

      (b) a new arrangement established after 1 July 1994;

   if and only if the employer completely satisfies each of the following conditions:

      (c) the employer is a person that:

        (i) employs people under a relevant law as defined in the Act; or

        (ii) is a relevant body as defined in the Act; or

        (iii) is the subject of a declaration under subsection 3(5) of the Act; and

      (d) the employer is one of the persons set out in schedule 4.

   16. The list of employers in schedule 4 may be amended by the Minister for Finance from time to time.

DIVISION II: REPORTING PROCEDURES

   17. Each year after the end of the employer's "reporting period", such reporting period being the same period as for the employer's Annual Report, an employer operating its own superannuation scheme or other superannuation arrangement must provide the following information to the Minister for Finance in its Annual Report or in a written statement signed by the employer, such statement to be provided before the expiry of a three (3) month period after the end of the "reporting period":

      (a) whether the employer has throughout the reporting period satisfied this and the