Contents

Part 1--Preliminary                                                                                                                1

1............ Short title [see Note 1] ....................................................................... 1

2............ Commencement [see Note 1] .............................................................. 1

3............ Interpretation ...................................................................................... 1

3AA...... Designated employers ........................................................................ 4

3AB...... Members of ACT Fire Brigade ........................................................... 5

3A......... Application of Act ............................................................................. 5

3B......... Application of the Criminal Code ...................................................... 6

Part 2--The Trust Deed                                                                                                       7

4............ Deed to establish Public Sector Superannuation Scheme etc. ............. 7

5............ Amendment of Trust Deed ................................................................. 7

5A......... Amendments of Trust Deed to implement family law interest splitting 8

Part 3--Members of Public Sector Superannuation Scheme                        10

6............ Membership of Public Sector Superannuation Scheme .................... 10

6A......... Election by certain people to join CSS ............................................. 15

6B......... Election by certain people to leave the Public Sector Superannuation Scheme        16

7............ Election by holder of statutory office to be a member ..................... 17

8............ Election by temporary employee to be member .............................. 17

9............ Employees on probation .................................................................. 18

10.......... Australian Federal Police employees ................................................ 19

11.......... Director of company etc. .................................................................. 19

12.......... Cases where person taken not to have ceased to be a member ......... 19

13.......... Member not to be retired on grounds of invalidity without certificate from Board                 19

Part 4--Contributions                                                                                                          21

14.......... Contributions of members to Public Sector Superannuation Scheme etc. to be deducted from salary     21

14A....... Deductions of contributions by designated employer ...................... 21

15.......... Contributions to Public Sector Superannuation Scheme etc. by employer              21

Part 5--Payments relating to benefits                                                                       23

16.......... Payments to and by Commonwealth in respect of benefits payable under Public Sector Superannuation Scheme .......................................................................................................... 23

16A....... Payments relating to associate benefits ............................................ 25

17.......... Payments by Commonwealth to Board when invalidity pensioner again becomes member    25

18.......... Appropriation .................................................................................. 26

19.......... Payment by approved authorities etc. to the Commonwealth in respect of benefits payable to members employed etc. by authorities .................................................................................... 26

Part 6--The Board                                                                                                                28

20.......... Establishment ................................................................................... 28

21.......... Incorporation etc. ............................................................................. 28

22.......... Functions etc. ................................................................................... 28

23.......... Membership of Board ...................................................................... 29

24.......... Defective appointment not invalid etc. ............................................ 29

25.......... Trustee Act of ACT to apply .......................................................... 29

26.......... Exemption from taxation .................................................................. 29

27.......... Banking ............................................................................................. 30

27A....... Accounting records ........................................................................... 30

27B....... Audit ................................................................................................. 31

28.......... Annual report and financial statements ............................................ 31

28A....... Delegation by Board ......................................................................... 33

Part 7--Commissioner for Superannuation                                                             35

29.......... Functions of Commissioner .............................................................. 35

30.......... Other functions of Commissioner not to be prejudiced ................... 35

Part 8A--Transfers to approved and authorised superannuation schemes                36

Division 1--Preliminary                                                                                             36

33A....... Statutory office holder ...................................................................... 36

Division 2--Approved superannuation schemes                                          37

33B....... Interpretation .................................................................................... 37

33C....... Approval of superannuation schemes .............................................. 37

33D....... Transfer of assets etc. to approved superannuation schemes .......... 38

33E........ Payments from Consolidated Revenue Fund ................................... 38

33F........ Exemption from tax etc. .................................................................... 39

Division 3--Authorised superannuation schemes                                       40

33G....... Authorisation of superannuation schemes for the purposes of the Rules                40

Part 9--Miscellaneous                                                                                                        41

33H....... Establishment of new corporation for purposes of holding units .... 41

33AA.... Board may rely on information supplied by employers or former employers        41

34.......... Cost of administration of Act etc. .................................................... 42

35.......... Certain authorities to pay part of costs of administration ............... 42

36.......... Cost of medical examination on entry into Public Sector Superannuation Scheme 43

37.......... Costs--Board being assisted by panel of persons ........................... 44

37A....... Board liable to pay surcharge under the Superannuation Contributions Tax (Assessment and Collection) Act 1997 .......................................................................................................... 44

38.......... Pre‑assessment payments ................................................................ 45

39.......... Recovery of unpaid contributions etc. ............................................. 45

40.......... Payment of fees ................................................................................ 46

41.......... Assignment of benefits ..................................................................... 46

42.......... Member etc. bound by Rules ........................................................... 46

42A....... Board may require employers to distribute information etc. to members                46

43.......... Indemnification of trustees etc. ........................................................ 47

44.......... Bank not liable in respect of certain payments out of account of deceased pensioner             48

44A....... Declarations etc. by Minister or Board ............................................ 48

45.......... Legislative instruments ..................................................................... 48

46.......... Exercise of certain powers by Minister ............................................ 50

47.......... Delegation by Minister ..................................................................... 50

48.......... Regulations ....................................................................................... 50

49.......... Regulations relating to the operation of the Superannuation Industry (Supervision) Act 1993 and certain other laws .......................................................................................................... 51

Notes                                                                                                                                             53

  

Notes to the Superannuation Act 1990

Note 1

The Superannuation Act 1990 as shown in this compilation comprises Act No. 38, 1990 amended as indicated in the Tables below.

For application, saving or transitional provisions made by the Corporations (Repeals, Consequentials and Transitionals) Act 2001, see Act No. 55, 2001.

All relevant information pertaining to application, saving or transitional provisions prior to 17 June 1999 is not included in this compilation. For subsequent information see Table A.

The Superannuation Act 1990 is affected by section 38 of the CSL Sale Act 1993.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
Superannuation Act 1990	38, 1990	7 June 1990	Parts 3-5 (ss. 6-19), ss. 35-42 and 44: 1 July 1990 Remainder: Royal Assent
Commonwealth Funds Management Limited Act 1990	13, 1991	21 Jan 1991	Part 10 (ss. 65-69): 1 July 1991 (a)	Ss. 4 and 5
Superannuation Legislation Amendment Act 1991	130, 1991	2 Sept 1991	Ss. 10, 11 and 60: 1 Apr 1991 S. 26: 18 Dec 1986 Ss. 82-84: 1 July 1990 Remainder: Royal Assent	--
Superannuation Legislation Amendment Act 1992	187, 1992	18 Dec 1992	Ss. 56, 57, 58(1) (d), 58(2) and  61-65: Royal Assent (b) Ss. 58(1)(a)-(c), 59 and 60: 18 June 1993 (b)	S. 58(2)
Qantas Sale Act 1992	196, 1992	21 Dec 1992	Schedule (Part 4): 30 July 1995 (see Gazette 1995, No. S324) (c) Schedule (Parts 3 and 6): (c)	S. 2(6) (am. by 60, 1993, s. 4; 168, 1994, s. 3)
as amended by
Qantas Sale Amendment Act 1993	60, 1993	3 Nov 1993	10 Mar 1993	--
Qantas Sale Amendment Act 1994	168, 1994	16 Dec 1994	S. 3 (item 17): Royal Assent (d)	--
Superannuation Industry (Supervision) Consequential Amendments Act 1993	82, 1993	30 Nov 1993	Ss. 1, 2, 14, 16(2), 41, 42, 45, 46, 48(1) and 52-64: 1 Dec 1993 Remainder: 1 July 1994	S. 51
Superannuation Legislation Amendment Act 1994	86, 1994	23 June 1994	Divs. 2-8 of Part 2 (ss. 4-63), ss. 66(a), (c), 79-87 and 92-98: 1 July 1994 Ss. 66(b) and 67: 1 July 1993 S. 69: 1 July 1992 S. 76: 1 July 1990 Remainder: Royal Assent	Ss. 78, 82(2), 88 and 90(2)
Superannuation Legislation Amendment Act (No. 1) 1995	54, 1995	23 June 1995	Schedule 4 (items 1-11, 13-16) and Schedule 5 (items 1-5): Royal Assent (e) Schedule 4 (items 12, 17): 1 July 1995 (e)	--
as amended by
Statute Law Revision Act 1996	43, 1996	25 Oct 1996	Schedule 3 (item 116): 23 June 1995 (f)	--
CFM Sale Act 1996	58, 1996	20 Nov 1996	Schedule 2 (item 6): Royal Assent (g)	--
Income Tax (Consequential Amendments) Act 1997	39, 1997	17 Apr 1997	1 July 1997	--
Audit (Transitional and Miscellaneous) Amendment Act 1997	152, 1997	24 Oct 1997	Schedule 2 (items 1240, 1241): 1 Jan 1998 (see Gazette 1997, GN49) (h)	--
Superannuation Legislation Amendment (Superannuation  Contributions Tax) Act 1997	187, 1997	7 Dec 1997	Schedule 2: Royal Assent (i)	--
Financial Sector Reform (Consequential Amendments) Act 1998	48, 1998	29 June 1998	Schedule 1 (items 179-181): 1 July 1998 (see Gazette 1998, No. S316) (j)	--
Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999	44, 1999	17 June 1999	Schedule 7 (items 216, 217): 1 July 1999 (see Gazette 1999, No. S283) (k) Schedule 8 (items 22, 23): Royal Assent (k)	S. 3(2)(e) (am. by 160, 2000, Sch. 4 [item 4]) Sch. 8 (items 22, 23) [see Table A]
as amended by
Financial Sector Legislation Amendment Act (No. 1) 2000	160, 2000	21 Dec 2000	Schedule 1 (item 21): Royal Assent Remainder: 18 Jan 2001	--
Superannuation (Unclaimed Money and Lost Members) Consequential and Transitional Act 1999	128, 1999	13 Oct 1999	Schedule 1 (item 43): 13 Oct 1999 (l)	--
Public Employment (Consequential and Transitional) Amendment Act 1999	146, 1999	11 Nov 1999	Schedule 1 (items 883-889): 5 Dec 1999 (see Gazette 1999, No. S584) (m)	--
Australian Federal Police Legislation Amendment Act 2000	9, 2000	7 Mar 2000	2 July 2000 ( see Gazette 2000, No. S328)	Sch. 3 (items 20, 33(2), 34, 35) [see Table A]
Corporations (Repeals, Consequentials and Transitionals) Act 2001	55, 2001	28 June 2001	Ss. 4-14: 15 July 2001 (see Gazette 2001, No. S285) Schedule 3 (item 495): (n)	Ss. 4-14
Superannuation Legislation Amendment (Post‑retirement Commutations) Act 2001	98, 2001	22 Aug 2001	22 Aug 2001	--
Finance and Administration Legislation Amendment (Application of Criminal Code) Act 2001	109, 2001	17 Sept 2001	15 Oct 2001	S. 5 [see Table A]
Superannuation Legislation (Commonwealth Employment) Repeal and Amendment Act (No. 1) 2003	64, 2003	30 June 2003	Schedule 2 (items 8, 14): 1 July 1995 Schedule 2 (items 9-13, 15-17): 1 July 2003	Sch. 2 (item 17) [see Table A]
Superannuation Legislation Amendment (Family Law and Other Matters) Act 2004	58, 2004	4 May 2004	Schedule 1: 18 May 2004 Remainder: Royal Assent	S. 4 [see Table A]
Superannuation (Consequential Amendments) Act 2005	81, 2005	29 June 2005	Schedule 1 (items 1-8): 29 June 2005 (see s. 2(1)) Schedule 1 (items 9-18): 1 July 2005 Schedule 1 (item 19): Royal Assent	Sch. 1 (item 4) [see Table A]
Superannuation Legislation Amendment (Trustee Board and Other Measures) Act 2006	51, 2006	9 June 2006	Schedule 1 (items 37-59, 66-84): 1 July 2006	Sch. 1 (items 66-84) [see Table A]
Superannuation Legislation Amendment (Superannuation Safety and Other Measures) Act 2006	112, 2006	23 Oct 2006	Schedule 1 (items 20-24): Royal Assent	--
as amended by
Superannuation Legislation Amendment (Trustee Board and Other Measures) Act 2006	51, 2006	9 June 2006	Schedule 1 (item 65): (o)	--
Superannuation Legislation Amendment Act 2007	165, 2007	25 Sept 2007	Schedule 2 (items 1-3): 1 July 2008	--
Superannuation Legislation Amendment (Trustee Board and Other Measures) (Consequential Amendments) Act 2008	26, 2008	23 June 2008	Schedule 2 (items 29-32) and Schedule 3: Royal Assent	--

(a)     The Superannuation Act 1990 was amended by Part 10 (sections 65-69) only of the Commonwealth Funds Management Limited Act 1990, subsection 2(5) of which provides as follows:

                 (5)   If the provisions referred to in subsection (4) do not commence under that subsection before 1 July 1991, they commence on that day.

(b)    The Superannuation Act 1990 was amended by sections 56-65 only of the Superannuation Legislation Amendment Act 1992, subsections 2(1) and (9) of which provide as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

                 (9)   If paragraphs 58(1)(a), (b) and (c) and sections 59 and 60 do not commence under subsection (8) within the period of 6 months beginning on the day on which this Act receives the Royal Assent, they commence on the first day after the end of that period.

(c)     The Superannuation Act 1990 was amended by the Schedule (Parts 3, 4 and 6) only of the Qantas Sale Act 1992, subsections 2(2), 3(b), (5) and (6) of which provide as follows:

                 (2)   Subject to subsection (3), the remaining provisions of this Act commence on a day or days to be fixed by Proclamation.

                 (3)   A Proclamation may fix a day that is earlier than the day on which the Proclamation is published in the Gazette but only if:

                              (b)   in the case of sections 22, 23, 26, 27, 29, 32, 33, 34, 42, 45, 46, 47, 48 and 49 and Parts 3 and 4 of the Schedule--the day is not earlier than the 50% sale day; and

                 (5)   If, on the 100% sale day, Part 3 of the Schedule has not commenced, then, on the day on which Part 7 of the Schedule commences, Parts 3 and 6 of the Schedule are taken to have been repealed.

                 (6)   If a provision of this Act has not commenced before 31 August 1995, the provision is taken to have been repealed on that day.

                         The Schedule (Parts 3 and 6) are taken to have been repealed on 31 August 1995.

(d)     The Qantas Sale Act 1992 was amended by section 3 (item 17) only of the Qantas Sale Amendment Act 1994, subsection 2(1) of which provides as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

(e)     The Superannuation Act 1990 was amended by Schedule 4 (items 1-17) and Schedule 5 (items 1-5) only of the Superannuation Legislation Amendment Act (No. 1) 1995, subsections 2(1) and (3) of which provide as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

                 (3)   The amendments made by items 5, 11, 28, 36, 38, 39, 43, 47, 54, 55, 57, 58, 59, 72, 94, 95, 97, 100, 101, 102, 105, 107, 120, 137 and 138, paragraph (b) of item 145 and items 149 and 161 in Schedule 2, and the amendments made by items 12 and 17 in Schedule 4, take effect on 1 July 1995.

(f)      The Superannuation Legislation Amendment (No. 1) Act 1995 was amended by Schedule 3 (item 116) only of the Statute Law Revision Act 1996, subsection 2(3) of which provides as follows:

                 (3)   Each item in Schedule 3 is taken to have commenced when the Act containing the provision amended by the item received the Royal Assent.

(g)     The Superannuation Act 1990 was amended by Schedule 2 (item 6) only of the CFM Sale Act 1996, subsection 2(1) of which provides as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

(h)     The Superannuation Act 1990 was amended by Schedule 2 (items 1240 and 1241) only of the Audit (Transitional and Miscellaneous) Amendment Act 1997, subsection 2(2) of which provides as follows:

                 (2)   Schedules 1, 2 and 4 commences on the same day as the Financial Management and Accountability Act 1997.

(i)      The Superannuation Act 1990 was amended by Schedule 2 only of the Superannuation Legislation Amendment (Superannuation Contributions Tax) Act 1997, subsection 2(1) of which provides as follows:

                 (1)   Subject to subsection (2), this Act  commences on the day on which it receives the Royal Assent.

(j)      The Superannuation Act 1990 was amended by Schedule 1 (items 179-181) only of the Financial Sector Reform (Consequential Amendments) Act 1998, subsection 2(2) of which provides as follows:

                 (2)   Subject to subsections (3) to (14), Schedules 1, 2 and 3 commence on the commencement of the Australian Prudential Regulation Authority Act 1998.

(k)     The Superannuation Act 1990 was amended by Schedule 7 (items 216 and 217) only of the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999, subsections 3(1), (2)(e) and (16) of which provide as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

                 (2)   The following provisions commence on the transfer date:

                      (e)   subject to subsection (12), Schedule 7, other than items 43, 44, 118, 205 and 207 (the commencement of those items is covered by subsections (10), (11) and (13)).

               (16)   The Governor‑General may, by Proclamation published in the Gazette, specify the date that is to be the transfer date for the purposes of this Act.

(l)      The Superannuation Act 1990 was amended by Schedule 1 (item 43) only of the Superannuation (Unclaimed Money and Lost Members) Consequential and Transitional Act 1999, subsections 2(1) and (2) of which provides as follows:

                 (1)   In this section, commencing time means the time when the Superannuation (Unclaimed Money and Lost Members) Act 1999 commences.

                 (2)   Subject to this section, this Act commences at the commencing time.

(m)    The Superannuation Act 1990 was amended by Schedule 1 (item 883-889) only of the Public Employment (Consequential and Transitional) Amendment Act 1999, subsections 2(1) and (2) of which provide as follows:

                 (1)   In this Act, commencing time means the time when the Public Service Act 1999 commences.

                 (2)   Subject to this section, this Act commences at the commencing time.

(n)     The Income Tax Assessment Act 1997 was amended by Schedule 3 (item 495) only of the Corporations (Repeals, Consequentials and Transitionals) Act 2001, subsection 2(9) of which provides as follows:

                 (9)   Item 495 of Schedule 3 commences on the later of:

                              (a)   the time when the Corporations Act 2001 commences; or

                              (b)   the time when item 14 of Schedule 1 to the Superannuation Legislation (Commonwealth Employment) Repeal and Amendment Act 2001 commences.

         The Superannuation Legislation (Commonwealth Employment) Repeal and Amendment Act 2001 has not been enacted. Therefore these amendments do not commence.

(o)     Subsection 2(1) (item 3) of the Superannuation Legislation Amendment (Trustee Board and Other Measures) Act 2006 provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Provision(s)	Commencement	Date/Details
3.  Schedule 1, Part 2	Immediately before the commencement of Schedule 1 to the Superannuation Legislation Amendment (Superannuation Safety and Other Measures) Act 2006. However, the provision(s) do not commence at all if that Schedule commences before 1 July 2006.	23 October 2006

Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted
Provision affected	How affected
Part 1
S. 3......................................	am. Nos. 13 and 130, 1991; Nos. 187 and 196, 1992; No. 86, 1994; No. 54, 1995; No. 146, 1999; No. 64, 2003; No. 58, 2004; No. 81, 2005; No. 51, 2006
S. 3AA................................	ad. No. 54, 1995
S. 3AB.................................	ad. No. 54, 1995
S. 3A...................................	ad. No. 13, 1991
S. 3B...................................	ad. No. 109, 2001
Part 2
Heading to s. 4....................	am. No. 54, 1995
S. 4......................................	am. No. 54, 1995; No. 26, 2008
S. 5......................................	am. No. 82, 1993; No. 86, 1994; No. 54, 1995; No. 51, 2006
S. 5A...................................	ad. No. 58, 2004
	am. No. 26, 2008
Part 3
Heading to Part 3.................	am. No. 54, 1995
Heading to s. 6....................	am. No. 54, 1995
S. 6......................................	am. No. 130, 1991; No. 187, 1992; No. 54, 1995; No. 146, 1999; No. 81, 2005; No. 165, 2007
Heading to s. 6A.................	am. No. 51, 2006
S. 6A...................................	ad. No. 130, 1991
	am. No. 51, 2006
S. 6B...................................	ad. No. 165, 2007
S. 7......................................	rs. No. 187, 1992
	am. No. 54, 1995
S. 8......................................	am. No. 187, 1992; No. 54, 1995 (as am. by No. 43, 1996)
Heading to s. 10..................	rs. No. 9, 2000
S. 10....................................	am. No. 9, 2000
S. 11....................................	rs. No. 130, 1991
S. 12....................................	rs. No. 54, 1995
S. 13....................................	am. No. 130, 1991; No. 54, 1995
Part 4
Heading to s. 14..................	am. No. 54, 1995
S. 14....................................	am. No. 54, 1995
S. 14A.................................	ad. No. 54, 1995
Heading to s. 15..................	am. No. 54, 1995
S. 15....................................	am. No. 187, 1992; No. 54, 1995
Part 5
Heading to s. 16..................	am. No. 54, 1995
S. 16....................................	am. No. 187, 1992; No. 54, 1995; No. 98, 2001
S. 16A.................................	ad. No. 58, 2004
S. 17....................................	am. No. 54, 1995
S. 18....................................	am. No. 58, 2004
S. 19....................................	am. No. 130, 1991; No. 146, 1999; No. 81, 2005
Part 6
Heading to Part 6.................	am. No. 54, 1995
	rs. No. 51, 2006
S. 20....................................	am. No. 54, 1995; No. 51, 2006
Note to s. 20........................	ad. No. 51, 2006
S. 21....................................	am. No. 152, 1997
S. 22....................................	am. No. 81, 2005
Note to s. 22........................	ad. No. 81, 2005
	am. No. 51, 2006
S. 23....................................	am. No. 51, 2006
S. 25....................................	am. No. 81, 2005
S. 26....................................	am. No. 54, 1995; Nos. 39 and 187, 1997; No. 81, 2005
S. 27....................................	rs. No. 152, 1997
S. 27A.................................	ad. No. 152, 1997
	am. No. 109, 2001; No. 51, 2006
Note to s. 27A(3)................	ad. No. 109, 2001
S. 27B.................................	ad. No. 152, 1997
S. 28....................................	am. No. 86, 1994; No. 54, 1995; No. 81, 2005
S. 28A.................................	ad. No. 130, 1991
	am. Nos. 51 and 112, 2006
Part 7
S. 29....................................	am. No. 54, 1995; No. 81, 2005
Part 8 ..................................	rep. No. 13, 1991
Ss. 31, 32............................	rep. No. 13, 1991
Part 8A
Part 8A ...............................	ad. No. 130, 1991
Division 1
S. 33A.................................	ad. No. 130, 1991
Division 2
Ss. 33B, 33C.......................	ad. No. 130, 1991
	am. No. 54, 1995
S. 33D.................................	ad. No. 130, 1991
	am. No. 86, 1994; No. 54, 1995; No. 64, 2003
S. 33E..................................	ad. No. 130, 1991
	am. No. 54, 1995
S. 33F..................................	ad. No. 130, 1991
	am. No. 39, 1997
Division 3
Heading to s. 33G...............	am. No. 54, 1995
S. 33G.................................	ad. No. 130, 1991
	am. No. 54, 1995; No. 64, 2003
Part 9
S. 33....................................	rs. No. 13, 1991
	am. No. 54, 1995
	rep. No. 58, 1996
S. 33H.................................	ad. No. 51, 2006
S. 33AA..............................	ad. No. 54, 1995
S. 34....................................	am. No. 187, 1992; No. 54, 1995; No. 51, 2006
S. 35....................................	am. No. 130, 1991; No. 187, 1992; No. 86, 1994; No. 146, 1999; No. 81, 2005
Heading to s. 36..................	am. No. 54, 1995
S. 36....................................	am. No. 130, 1991; No. 54, 1995; No. 146, 1999; No. 81, 2005
S. 37....................................	rs. No. 187, 1992
	am. No. 58, 2004
S. 37A.................................	ad. No. 187, 1997
S. 38....................................	am. No. 54, 1995
S. 42....................................	am. No. 58, 2004
S. 42A.................................	ad. No. 64, 2003
	am. No. 112, 2006
S. 43....................................	am. No. 130, 1991; No. 54, 1995; No. 64, 2003; No. 81, 2005; No. 51, 2006
Heading to s. 44..................	am. No. 44, 1999
S. 44....................................	am. No. 48, 1998; No. 44, 1999
S. 44A.................................	ad. No. 86, 1994
Heading to s. 45..................	am. No. 26, 2008
S. 45....................................	am. No. 130, 1991; No. 86, 1994; No. 64, 2003; No. 26, 2008
S. 46....................................	rs. No. 86, 1994
	am. No. 54, 1995
S. 48....................................	am. No. 86, 1994; No. 54, 1995
S. 49....................................	ad. No. 86, 1994
	am. No. 39, 1997; No. 48, 1998; No. 128, 1999; No. 58, 2004
Schedule.............................	rep. No. 26, 2008

Table A

Application, saving or transitional provisions

Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 (No. 44, 1999)

Schedule 8 

22  Regulations may deal with transitional, saving or application matters

(1)        The regulations may deal with matters of a transitional, saving or application nature relating to:

                     (a)  the transition from the application of provisions of the replaced legislation to the application of provisions of the Banking Act 1959, the Life Insurance Act 1995, the Financial Sector (Transfers of Business) Act 1999, the Financial Sector (Shareholdings) Act 1998 or the Australian Prudential Regulation Authority Act 1998; or

                     (b)  the transition, for The Cairns Cooperative Weekly Penny Savings Bank Limited, from the application of provisions of the Financial Intermediaries Act 1996 of Queensland to the application of provisions of any of the Acts referred to in paragraph (a); or

                     (c)  the amendments and repeals made by the Schedules to this Act.

(2)        Without limiting subitem (1), the regulations may provide for a matter to be dealt with, wholly or partly, in any of the following ways:

                     (a)  by applying (with or without modifications) to the matter:

                              (i)  provisions of a law of the Commonwealth, or of a State or Territory; or

                             (ii)  provisions of a repealed or amended law of the Commonwealth, or of a State or Territory, in the form that those provisions took before the repeal or amendment; or

                            (iii)  a combination of provisions referred to in subparagraphs (i) and (ii);

                     (b)  by otherwise specifying rules for dealing with the matter;

                     (c)  by specifying a particular consequence of the matter, or of an outcome of the matter, for the purposes of a law of the Commonwealth.

(3)        Without limiting subitems (1) and (2), the regulations may provide for the continued effect, for the purposes of a provision of a law of the Commonwealth, of a thing done or instrument made, or a class of things done or instruments made, before the transfer date under or for the purposes of a provision of a law of a State or Territory. In the case of an instrument or class of instruments, the regulations may provide for the instrument or instruments to continue to have effect subject to modifications.

(4)        Without limiting subitem (3), regulations providing for the continued effect of things done or instruments made may permit all or any of the following matters to be determined in writing by a specified person, or by a person included in a specified class of persons:

                     (a)  the identification of a thing done or instrument made, or a class of things done or instruments made, that is to continue to have effect;

                     (b)  the purpose for which a thing done or instrument made, or a class of things done or instruments made, is to continue to have effect;

                     (c)  any modifications subject to which an instrument made, or a class of instruments made, is to continue to have effect.

(5)        Despite subsection 48(2) of the Acts Interpretation Act 1901, regulations for the purposes of this item:

                     (a)  may be expressed to take effect from a date before the regulations are notified in the Gazette; and

                     (b)  may provide for a determination of a kind referred to in subitem (4) to take effect from a date before the determination is made (including a date before the regulations are notified in the Gazette).

(6)        In this item, a reference to a law, whether of the Commonwealth or of a State or Territory, includes a reference to an instrument made under such a law.

(7)        In this item:

replaced legislation means:

                     (a)  the AFIC Codes; and

                     (b)  the Financial Institutions Codes; and

                     (c)  the Friendly Societies Codes; and

                     (d)  the Australian Financial Institutions Commission Act 1992 of Queensland, and any Act of another State or of a Territory that provides for the application, as a law of the State or Territory, of the Code set out in section 21 of the Australian Financial Institutions Commission Act 1992 of Queensland; and

                     (e)  the Financial Institutions (Queensland) Act 1992 of Queensland, and any Act of another State or of a Territory that provides for the application, as a law of the State or Territory, of the Code set out in section 30 of the Financial Institutions (Queensland) Act 1992 of Queensland; and

                      (f)  the Friendly Societies (Victoria) Act 1996 of Victoria, and any Act of another State or of a Territory that provides for the application, as a law of the State or Territory, of the Code set out in the Schedule to the Friendly Societies (Victoria) Act 1996 of Victoria; and

                     (g)  the Friendly Societies (Western Australia) Act 1999; and

                     (h)  any other law of a State or Territory prescribed by the regulations for the purposes of this definition.

23  Power to make regulations

The Governor‑General may make regulations, not inconsistent with this Act, prescribing matters required or permitted by this Act to be prescribed.

Australian Federal Police Legislation Amendment Act 2000 (No. 9, 2000)

Schedule 3

20  Definition

In this Part:

commencing time means the time when this Part commences.

33  Former members or staff members become permanent employees for the purposes of the Superannuation Acts at the commencing time

Superannuation Act 1990

(2)        If subitem 2(1), (2) or (3) of Part 1 of this Schedule applies to the engagement of a person who, immediately before the commencing time, was covered by subsection 39E(3) of the Australian Federal Police Act 1979 as in force at that time, then, for the purposes of the application of the Superannuation Act 1990 in relation to that engagement, the person is taken to be a permanent employee during that engagement.

34  Warrants or writs etc. may continue to be executed

If, immediately before the commencing time, any warrant, writ, order, permission or other instrument (the authority) issued under a law of the Commonwealth, a State or a Territory could be executed by a person who was at that time a member, staff member or special member of the Australian Federal Police, the authority continues to be able to be executed at and after the commencing time by the person in his or her capacity as:

                     (a)  the Commissioner of the Australian Federal Police; or

                     (b)  a Deputy Commissioner of the Australian Federal Police; or

                     (c)  an AFP employee; or

                     (d)  a special member of the Australian Federal Police;

(all within the meaning of the Australian Federal Police Act 1979 as in force at and after the commencing time).

Note:          A person who is a member or staff member of the Australian Federal Police immediately before the commencing time is taken to be engaged as an AFP employee. Similarly, a person who is a special member of the Australian Federal Police immediately before the commencing time is taken to be appointed as a special member. See item 2 of this Schedule.

35  Regulations dealing with matters of a transitional or saving nature

(1)        The Governor‑General may make regulations, not inconsistent with any other provision of this Schedule, prescribing matters of a transitional or saving nature in relation to the amendments made by Schedule 1 or 2.

(2)        Regulations made under this item within one year after the commencement of this item may commence on a day earlier than the day on which they are made, but not earlier than the commencement of this item.

Finance and Administration Legislation Amendment (Application of Criminal Code) Act 2001 (No. 109, 2001)

5  Application of amendments generally

             (1)  Each amendment made by this Act applies to acts and omissions that take place after the amendment commences.

             (2)  For the purposes of this section, if an act or omission is alleged to have taken place between 2 dates, one before and one on or after the day on which a particular amendment commences, the act or omission is alleged to have taken place before the amendment commences.

Superannuation Legislation (Commonwealth Employment) Repeal and Amendment Act (No. 1) 2003 (No. 64, 2003)

Schedule 2

17  Commencement of certain provisions of Tenth Amending Deed

(1)        Subclauses 3.13, 3.14, 3.15, 3.16, 3.17, 3.18, 3.29, 3.44 and 3.46 of the Tenth Amending Deed are taken to have commenced immediately after the commencement of the Ninth Amending Deed.

(2)        In this item:

Ninth Amending Deed means the deed:

                     (a)  amending the Trust Deed under subsection 5(1) of the Superannuation Act 1990; and

                     (b)  notified in the Gazette of 28 June 1995 (Gazette No. GN25).

Tenth Amending Deed means the deed:

                     (a)  amending the Trust Deed under subsection 5(1) of the Superannuation Act 1990; and

                     (b)  notified in the Gazette of 1 February 1996 (Gazette No. S41).

Trust Deed has the same meaning as in the Superannuation Act 1990.

Superannuation Legislation Amendment (Family Law and Other Matters) Act 2004 (No. 58, 2004)

4  Application of family law interest‑splitting amendments

             (1)  The family law interest‑splitting amendments apply to:

                     (a)  any splitting agreement, or splitting order, that has an operative time after the commencement of Schedule 1; and

                     (b)  a splitting agreement, or splitting order, with an earlier operative time, if no benefits had become payable before the commencement of Schedule 1 in respect of the superannuation interest to which the agreement or order relates.

             (2)  In this section:

family law interest‑splitting amendments means the amendments made by Schedule 1, other than items 24 and 34.

Superannuation (Consequential Amendments) Act 2005 (No. 81, 2005)

Schedule 1

4  Transitional--section 26 of the Superannuation Act 1990

The amendment of section 26 of the Superannuation Act 1990 made by this Part does not affect the continuity of any regulations made for the purposes of subsection 26(3) of that Act before the commencement of this item.

Superannuation Legislation Amendment (Trustee Board and Other Measures) Act 2006 (No. 51, 2006)

Schedule 1 

66  Definitions

(1)        In this Part:

acquisition of property has the same meaning as in paragraph 51(xxxi) of the Constitution.

amend includes repeal and remake.

asset means:

                     (a)  any legal or equitable estate or interest in real or personal property, whether actual, contingent or prospective; and

                     (b)  any right, power, privilege or immunity, whether actual, contingent or prospective.

assets official, in relation to an asset other than land, means the person or authority who, under a law of the Commonwealth, a State or a Territory, under a trust instrument or otherwise, has responsibility for keeping a register in relation to assets of the kind concerned.

Australian Reward Investment Alliance means the board established under section 20 of the Superannuation Act 1990 immediately after the commencement time.

commencement time means the time when this Part commences.

CSS Board means the CSS Board established under section 27A of the Superannuation Act 1976 immediately before the commencement time.

financial liability means a liability to pay a person an amount, where the amount, or the method for working out the amount, has been determined.

instrument:

                     (a)  includes:

                              (i)  a contract, deed, undertaking or agreement; and

                             (ii)  a notice, authority, order or instruction; and

                            (iii)  an instrument made under an Act or regulations; and

                            (iv)  regulations; but

                     (b)  does not include an Act.

just terms has the same meaning as in paragraph 51(xxxi) of the Constitution.

land means any legal or equitable estate or interest in real property, whether actual, contingent or prospective.

land registration official, in relation to land, means the Registrar of Titles or other proper officer of the State or Territory in which the land is situated.

liability means any liability, duty or obligation, whether actual, contingent or prospective.

(2)        Subject to subitem (1), an expression used in this Part that is also used in the Superannuation Act 1976, the Superannuation Act 1990, or the Superannuation Act 2005, as amended by this Schedule, has the same meaning in this Part as it has in that Act.

67  Vesting of assets of CSS Board

(1)        This item applies to the assets of the CSS Board (whether the assets are in Australia or elsewhere) immediately before the commencement time.

(2)        At the commencement time, the assets to which this item applies cease to be assets of the CSS Board and become assets of the Australian Reward Investment Alliance without any conveyance, transfer or assignment. The Australian Reward Investment Alliance becomes the successor in law in relation to these assets.

68  Vesting of liabilities of CSS Board

(1)        This item applies to the liabilities of the CSS Board (whether the liabilities arose in Australia or elsewhere) immediately before the commencement time.

(2)        At the commencement time, the liabilities to which this item applies cease to be liabilities of the CSS Board and become liabilities of the Australian Reward Investment Alliance without any conveyance, transfer or assignment. The Australian Reward Investment Alliance becomes the successor in law in relation to these liabilities.

69  Certificates relating to vesting of land

(1)        This item applies if:

                     (a)  any land vests in the Australian Reward Investment Alliance under this Part; and

                     (b)  there is lodged with a land registration official a certificate that:

                              (i)  is signed by the Chairperson; and

                             (ii)  identifies the land, whether by reference to a map or otherwise; and

                            (iii)  states that the land has become vested in the Australian Reward Investment Alliance under this Part.

Note:       Certificates under paragraph (1)(b) are presumed to be authentic: see item 85.

(2)        The land registration official may:

                     (a)  register the matter in a way that is the same as, or similar to, the way in which dealings in land of that kind are registered; and

                     (b)  deal with, and give effect to, the certificate.

70  Certificates relating to vesting of assets other than land

(1)        This item applies if:

                     (a)  any asset other than land vests in the Australian Reward Investment Alliance under this Part; and

                     (b)  there is lodged with an assets official a certificate that:

                              (i)  is signed by the Chairperson; and

                             (ii)  identifies the asset; and

                            (iii)  states that the asset has become vested in the Australian Reward Investment Alliance under this Part.

Note:       Certificates under paragraph (1)(b) are presumed to be authentic: see item 85.

(2)        The assets official may:

                     (a)  deal with, and give effect to, the certificate as if it were a proper and appropriate instrument for transactions in relation to assets of that kind; and

                     (b)  make such entries in the register as are necessary having regard to the effect of this Part.

71  Substitution of Australian Reward Investment Alliance as a party to pending proceedings

If any proceedings to which the CSS Board was a party were pending in any court or tribunal immediately before the commencement time, the Australian Reward Investment Alliance is substituted for the CSS Board, from the commencement time, as a party to the proceedings.

72  Transfer of custody of CSS Board records

(1)        This item applies to any records or documents that, immediately before the commencement time, were in the custody of the CSS Board.

(2)        The records and documents are to be transferred into the custody of the Australian Reward Investment Alliance at or after the commencement time.

73  Continuity of the Australian Reward Investment Alliance

The amendments made by Part 1 of this Schedule do not affect:

                     (a)  the continuity, after that Part commences, of the existence of the body that is renamed by those amendments as the Australian Reward Investment Alliance; or

                     (b)  the continuing validity of the appointment of the trustees.

74  Membership of the Australian Reward Investment Alliance

Employer representative

(1)        The person who is the member of the CSS Board referred to in subsection 27F(2) of the Superannuation Act 1976 immediately before the commencement time:

                     (a)  is taken to have been duly appointed to the Australian Reward Investment Alliance by the Minister under paragraph 4.1(a) of the Trust Deed (within the meaning of the Superannuation Act 1990) for the balance of the person's term of appointment; and

                     (b)  is taken to have been so appointed on the same terms and conditions as applied to the person immediately before the commencement time.

Employee representative

(2)        The person who is the member of the CSS Board referred to in subsection 27F(3) of the Superannuation Act 1976 immediately before the commencement time:

                     (a)  is taken to have been duly appointed to the Australian Reward Investment Alliance by the Minister under paragraph 4.1(b) of the Trust Deed (within the meaning of the Superannuation Act 1990) for the balance of the person's term of appointment; and

                     (b)  is taken to have been so appointed on the same terms and conditions as applied to the person immediately before the commencement time.

Variation of terms and conditions

(3)        Paragraphs (1)(b) and (2)(b) do not prevent a person's terms and conditions from being varied after the commencement time:

                     (a)  in accordance with those terms and conditions; or

                     (b)  by or under a law, award, determination or agreement.

(4)        In this item:

vary, in relation to terms and conditions, includes:

                     (a)  omitting any of those terms and conditions; or

                     (b)  adding to those terms and conditions; or

                     (c)  substituting new terms or conditions for any of those terms and conditions.

75  References in Acts and instruments to the CSS Board

If:

                     (a)  an Act or instrument is in force immediately before the commencement time; and

                     (b)  the Act or instrument contains a reference to the CSS Board;

the Act or instrument has effect from the commencement time as if the reference to the CSS Board were a reference to the Australian Reward Investment Alliance.

Note:       During the first year after this item commences, instruments can retrospectively amend references to the CSS Board: see item 83.

76  Operation of laws

(1)        If, before the commencement time, a thing was done by, or in relation to, the CSS Board, then, for the purposes of the operation of any law of the Commonwealth after the commencement time, the thing is taken to have been done by, or in relation to, the Australian Reward Investment Alliance.

(2)        For the purposes of subitem (1), a thing done before the commencement time under a provision that is amended by this Act has effect from that time as if it were done under that provision as amended. However, this is not taken to change the time at which the thing was actually done.

Meaning of doing

(3)        To avoid doubt, for the purposes of this item, doing a thing includes making an instrument.

77  Continued effect of delegations made under the old law

(1)        A delegation made under section 27Q of the Superannuation Act 1976 that is in force immediately before the commencement time continues in effect after that time as if it had been made under section 27Q of that Act, as amended by this Schedule.

(2)        The amendments made to:

                     (a)  section 165 of the Superannuation Act 1976; or

                     (b)  section 28A of the Superannuation Act 1990;

do not affect the continuity of a delegation or sub‑delegation made under that section.

78  Financial statements and other reporting requirements

Reporting requirements

(1)        If:

                     (a)  immediately before the commencement time, a law required the CSS Board to provide a report (whether financial statements or otherwise) for a period; and

                     (b)  the period ends after the commencement time;

the Australian Reward Investment Alliance must provide the report, as required, for so much of the period as occurs before the commencement time.

(2)        If:

                     (a)  under subitem (1), the Australian Reward Investment Alliance is required to provide a report for a part of a period; and

                     (b)  the Australian Reward Investment Alliance is also required to provide a similar report for the remainder of the period;

the Australian Reward Investment Alliance may meet the requirements in a single report for the period.

Outstanding reporting requirements

(3)        If:

                     (a)  a law required the CSS Board to provide a report (whether financial statements or otherwise) for a period that ended before the commencement time; and

                     (b)  the report has not been provided by the commencement time;

the Australian Reward Investment Alliance must provide the report as required.

79  CGT roll‑over--transfer of CSS Fund assets to pooled superannuation trust

Object

(1)        The object of this item is to provide for a CGT roll‑over so as to facilitate the exercise by the Australian Reward Investment Alliance of its powers under section 27C of the Superannuation Act 1976 in relation to the CSS Fund to operate a pooled superannuation trust, known as the PSS Investments Trust, that is used for investing the assets of the CSS Fund.

Roll‑over

(2)        There is a roll‑over if:

                     (a)  one or more CGT events happen because the Australian Reward Investment Alliance ceases to hold all of the CGT assets of the CSS Fund; and

                     (b)  because of the cessation, CGT assets (the identical assets) that, together, are identical to all the CGT assets of the CSS Fund just before the happening of the CGT events start to be held by the trustee (the transferee trustee) of the PSS Investments Trust (whether or not all the identical assets were assets of the CSS Fund just before the CGT events); and

                     (c)  the cessation is part of a scheme under which CGT assets of the CSS Fund are replaced with units in the PSS Investments Trust.

Note:       The transferee trustee may be the Australian Reward Investment Alliance: see subsection 960‑100(3) of the Income Tax Assessment Act 1997.

(3)        A capital gain or capital loss the Australian Reward Investment Alliance makes from each of the CGT events is disregarded.

(4)        For the transferee trustee, the first element of the cost base of each of the identical assets the transferee trustee holds is the cost base of the corresponding asset for the Australian Reward Investment Alliance at the time of the relevant CGT event.

(5)        For the transferee trustee, the first element of the reduced cost base of each of the identical assets the transferee trustee holds is the reduced cost base of the corresponding asset for the Australian Reward Investment Alliance at the time of the relevant CGT event.

(6)        For the purposes of the Income Tax Assessment Act 1997, a roll‑over covered by this item is taken to be a same‑asset roll‑over.

Interpretation

(7)        An expression used in this item and in the Income Tax Assessment Act 1997 has the same meaning in this item as it has in that Act.

80  References in Acts and instruments to PSS Board

If:

                     (a)  an Act or an instrument is in force immediately before the commencement time; and

                     (b)  the Act or instrument contains a reference to the PSS Board;

the Act or instrument has effect from the commencement time as if the reference to the PSS Board were a reference to the Australian Reward Investment Alliance.

Note:       During the first year after this item commences, instruments can retrospectively amend references to the PSS Board: see item 83.

81  Amending instruments may be retrospective

(1)        If:

                     (a)  an instrument is made within the period of 12 months beginning on the day on which this item commences; and

                     (b)  a provision of the instrument amends a reference to the PSS Board or the CSS Board in any other instrument;

the provision may be expressed to take effect from the day that this item commences, or a later day in the period referred to in paragraph (a), that occurs before the instrument is made.

(2)        This item has effect despite subsection 12(2) of the Legislative Instruments Act 2003.

82  Constitutional safety net--acquisition of property

(1)        If the operation of this Part would result in an acquisition of property from a person otherwise than on just terms, the Commonwealth is liable to pay a reasonable amount of compensation to the person.

(2)        If the Commonwealth and the person do not agree on the amount of the compensation, the person may institute proceedings in a court of competent jurisdiction for the recovery from the Commonwealth of such reasonable amount of compensation as the court determines.

83  Certificates taken to be authentic

A document that appears to be a certificate made or issued under a particular provision of this Part:

                     (a)  is taken to be such a certificate; and

                     (b)  is taken to have been properly given;

unless the contrary is established.

84  Regulations

(1)        The Governor‑General may make regulations prescribing matters:

                     (a)  required or permitted by this Part to be prescribed; or

                     (b)  necessary or convenient to be prescribed for carrying out or giving effect to this Part.

(2)        In particular, regulations may be made prescribing matters of a transitional nature (including prescribing any saving or application provisions) relating to the amendments or repeals made by this Act.

Note:       During the first year after this item commences, regulations can retrospectively amend references to the CSS Board or the PSS Board: see item 83.