Commonwealth Consolidated Regulations

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SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 7.01

Interpretation

         (1)   In this Division, a reference to the accrual of benefits in a fund does not include:

                (a)    allocations of investment earnings or charging of costs; or

               (b)    benefits rolled over or transferred into the fund.

      (1A)   In this Division:

"child" means an individual who is under age 18.

         (2)   Expressions used in this Division that are defined for the purposes of Part 5 have the same meanings respectively as in that Part.

         (3)   In this Part, a person is gainfully employed on a part‑time basis during a financial year if the person was gainfully employed for at least 40 hours in a period of not more than 30 consecutive days in that financial year.

Note     Gainfully employed is defined in regulation 1.03.



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