Superannuation (Productivity Benefit) (Qualified Employees and Alternative Arrangements) Declaration No. 1 (Cth)

Statutory Rules 1993 No. 2241 __________________

Superannuation (Productivity Benefit) (Qualified Employees and Alternative Arrangements) Declaration No. 1

I, RALPH WILLIS, Minister for Finance, acting under subsections 3F (1) and 4A (1) and (2) the Superannuation (Productivity Benefit) Act 1988, make the following Declaration.

Dated 9 August 1993.

RALPH WILLIS Minister for Finance

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Citation

1. This Declaration may be cited as the Superannuation (Productivity Benefit) (Qualified Employees and Alternative Arrangements) Declaration No. 1.

Commencement

2. This Declaration is taken to have commenced on 1 July 1992.

Interpretation

3. In this Declaration, unless the contrary intention appears: "Act" means the Superannuation (Productivity Benefit) Act 1988; "retire" includes cease (otherwise than by death) to hold office; "superannuation benefits" includes pensions and allowances.

Qualified employees—class of persons

4. For the purposes of subsection 3F (1) of the Act, the class of persons, each of whom: (a) holds office as the Governor-General; or (b) is a judge for the purposes of the Judges' Pensions Act 1968; is a class of persons who are qualified employees.

Declared class of qualified employees

5. For the purposes of subsection 4A (1) of the Act, the class of qualified employees, each of whom is a member of the class of persons mentioned in clause 4, is a class of employees who are neither fund employees nor interim arrangement employees.

Specified arrangements for declared class

6. (1) For the purposes of subsection 4A (2) of the Act, the arrangements specified in this clause are to apply to the class of qualified employees mentioned in clause 5.

(2) Subject to subclauses (3), (6) and (7), where a person who was a member of that class has retired from that class, there is payable, in accordance with subclause (7), an amount of benefit equal to the amount of the interim benefit that would have been payable to the member under section 8A of the Act if he or she had been an interim arrangement employee.