Commonwealth Numbered Acts

SUPERANNUATION LEGISLATION AMENDMENT ACT 1992 No. 187, 1992 - SECT 6

6. Section 3 of the Principal Act is amended:

   (a)  by inserting in subsection (1) the following definitions:

"'industrial award' means:

   (a)  an industrial award or determination made under a law of the
        Commonwealth, a State or a Territory; or

   (b)  an industrial agreement approved or registered under such a law;
'superannuation guarantee top-up benefit' means benefit payable under section
110SE;";

   (b)  by inserting "or that is an approved authority because of paragraph
(b)," after "or (iv)," in sub-subparagraph (a)(v)(A) of the definition of
"approved authority" in subsection (1);

   (c)  by adding "other than such an authority or body in relation to which a
        declaration under subsection (2A) is in force" at the end of paragraph
        (b) of the definition of "approved authority" in subsection (1);

   (d)  by inserting after subsection (2) the following subsection:

"(2A) If an authority or body referred to in paragraph (b) of the definition
of 'approved authority' in subsection (1) becomes a body:

   (a)  not operating for a public purpose under an Act, regulations made
        under an Act or a law of a Territory; and

   (b)  in which none of the following has a controlling interest, namely:

        (i)    the Commonwealth;

        (ii)   an authority or other body mentioned in paragraph (a) of that
               definition;

        (iii)  the Commonwealth together with one or more such authorities or
               bodies;

        (iv)   such an authority or body together with one or more mother such
               authorities or bodies; the Minister, for the purposes of
               paragraph (b), may declare that the body is not an approved
               authority for the purposes of this Act.".