Commonwealth Numbered Regulations - Explanatory Statements

[Index] [Search] [Download] [Related Items] [Help]


SUPERANNUATION (CSS) APPROVED AUTHORITY DECLARATION NO. 14 1993 NO. 122

EXPLANATORY STATEMENT

STATUTORY RULES 1993 No. 122

Issued by the authority of the Minister for Finance

Superannuation Act 1976

Declaration under paragraph (a) of the definition of "Approved Authority" in subsection 3 (1)

The Superannuation Act 1976 (the 1976 Act) makes provision for and in relation to an occupational superannuation scheme (the CSS) for Commonwealth employees and certain other persons.

Persons eligible to contribute under the 1976 Act include persons employed by an "approved authority". In accordance with paragraph (a) of the definition of "approved authority" in subsection 3 (1) of that Act, an approved authority includes an authority or other body declared by the Minister for Finance to be an approved authority for the purposes of the Act, being an authority or body of a kind described in the definition.

Section 4A of the 1976 Act provides that such a declaration is a disallowable instrument for the purposes of section 46A of the Acts Interpretation Act 1901 and a Statutory Rule for the purposes of the Statutory Rules Publication Act 1903 and may be expressed to have taken effect from and including a day not earlier than 12 months before the making of the declaration,

The Australian National Training Authority was established on 21 December 1992 by the Australian National Training Authority Act 1992. The Fisheries Research and Development Corporation was established on 2 July 1991 under the Primary Industries and Energy Research and Development Act 1989. The Authority and the Corporation are bodies of a kind described in the definition of approved authority in subsection 3 (1) of the 1976 Act.

The National Registration Authority for Agricultural and Veterinary Chemicals is to be established by the Agricultural and Veterinary Chemicals (Administration) Act 1992 which will commence on a day to be fixed by proclamation (likely to be mid June) or 6 months and one day after 24 December 1992 (the date of Royal Assent). It will be a body of a kind described in the definition of approved authority in subsection 3 (1) of the 1976 Act.

It is appropriate that the three bodies be declared to be approved authorities for the purposes of the 1976 Act to enable their employees to remain or become members of the CSS.

The declaration contained in the Statutory Rule, and cited as Superannuation (CSS) Approved Authority Declaration No 14, declares the Australian National Training Authority and the Fisheries Research and Development Corporation to be approved authorities for the purposes of the 1976 Act with retrospective effect from 1 March 1993 and declares the National Registration Authority for Agricultural and Veterinary Chemicals to be an approved authority for the purposes of the 1976 Act with effect from the commencement of the Agricultural and Veterinary Chemicals (Administration) Act 1992.


[Index] [Related Items] [Search] [Download] [Help]