Commonwealth Consolidated Acts Commonwealth Consolidated ActsEmployer - sponsor
(1) An employer - sponsor of a regulated superannuation fund is an employer who:
(a) contributes to the fund; or
(b) would, apart from a temporary cessation of contributions, contribute to the fund;
for the benefit of:
(c) a member of the fund who is an employee of:
(i) the employer; or
(ii) an associate of the employer; or
(d) the dependants of such a member in the event of the death of the member.
Standard employer - sponsor
(2) If an employer so contributes, or would contribute, wholly or partly pursuant to an arrangement between the employer and a trustee of the regulated superannuation fund concerned, the employer is a standard employer - sponsor of the fund (as well as being an employer - sponsor of the fund). If the employer only so contributes, or would contribute, pursuant to arrangements between the employer and a member or members of the fund, the employer is not a standard employer - sponsor.
(3) An employer - sponsored fund is a regulated superannuation fund that has at least one employer - sponsor.
Standard employer - sponsored fund
(4) If a regulated superannuation fund has at least one standard employer - sponsor, the fund is a standard employer - sponsored fund (as well as being an employer - sponsored fund).
Standard employer - sponsored member
(5) A standard employer - sponsored member is a member of a regulated superannuation fund in respect of whom an employer - sponsor contributes, or would contribute, as mentioned in subsection (1) wholly or partly pursuant to an arrangement between the employer - sponsor and a trustee of the fund.