Commonwealth Consolidated Acts

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 16

Employer‑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.

Employer‑sponsored fund

             (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.