Superannuation (Productivity Benefit) Alternative Arrangements Declaration No. 6 (Cth)

Statutory Rules 1993 No. 341 __________________

Superannuation (Productivity Benefit) Alternative Arrangements Declaration No. 6

I, RALPH WILLIS, Minister of State for Finance, make the following Declaration under subsections 4a (1) and (2) of the Superannuation (Productivity Benefit) Act 1988.

Dated 15 February 1993.

RALPH WILLIS Minister of State for Finance

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Citation

1. This Declaration may be cited as Superannuation (Productivity Benefit) Alternative Arrangements Declaration No. 6.

Commencement

2. This Declaration is taken to have commenced on 17 December 1992.

Interpretation

3. In this Declaration, unless the contrary intention appears: "member" means a member of the class of qualified employees specified in clause 4; "performance pay" means a payment of that name payable on or after 17 December 1992: (a) under an industrial agreement under Division 3 of Part VI of the Industrial Relations Act 1988; and (b) in accordance with a determination of a kind referred to in Schedule 4 or 5 in Attachment C to the Agreement between the Commonwealth and employee organisations, dated 4 December 1992 and called "Improving Productivity, Jobs and Pay in the Australian Public Service 1992-1994"; "the Act" means the Superannuation (Productivity Benefit) Act 1988.

Class of qualified employees 4. For the purposes of subsection 4a (1) of the Act, the class of qualified employees who are entitled to receive performance pay are a class of employees who are neither fund employees nor interim arrangement employees.

Arrangements that apply to the class

5. For the purposes of subsection 4a (2) of the Act, the arrangements stated in the following clauses apply to members.

Election to have performance pay taken into account in superannuation arrangements

6. (1) A member may give a notice of election to have performance pay taken into account in his or her superannuation arrangements under the Act.