SUPERANNUATION (PSS) APPROVED AUTHORITY EXCLUSION DECLARATION NO. 2 1994 NO. 15

SUPERANNUATION (PSS) APPROVED AUTHORITY EXCLUSION DECLARATION NO. 2 1994 NO. 15

STATUTORY RULES 1994 No. 15

Issued by the authority of the Minister for Finance

Superannuation Act 1990

Declaration under paragraph (a) of the definition of "Approved Authority" in section 3.

The Superannuation Act 1990 (the Act) makes provision for and in relation to an occupational superannuation scheme, the Public Sector Superannuation (PSS) scheme for persons employed by the Commonwealth and certain other persons.

Persons eligible to contribute under the Act include certain persons employed by an approved authority. In accordance with paragraph (a) of the definition of 'approved authority' in section 3 of the Act, an approved authority includes an authority or body that was, immediately before 1 July 1990, an approved authority for the purposes of the Superannuation Act 1976 (other than any such authority or body declared, in writing, by the Minister for Finance not to be an approved authority for the purposes of the Act).

In accordance with section 45 of the Act, a declaration for the purposes of paragraph (a) of the definition of 'approved authority' is a disallowable instrument for the purposes of section 46A of the Acts Interpretation Act 1901 and a Statutory Rule for the purposes of the Statutory Rules Publication Act 1903.

The Wool Legislation (Repeals and Consequential Provisions) Act 1993 provides for the transition of staff from the replaced wool organisations (Australian Wool Corporation and Wool Research and Development Corporation) to the Australian Wool Research and Promotion Organisation on 1 December 1993. Section 38 of that Act provides that a document in which reference is made to the Australian Wool Corporation or the Wool Research and Development Corporation continues in force after the commencement of that Act but has effect as; if a reference in the document to the body were a reference to the Australian Wool Research and Promotion Organisation.

To ensure that the delegated legislation reflects the new arrangements, the declaration contained in the Statutory Rule and cited as 'Superannuation (PSS) Approved Authority Exclusion Declaration No 2' amends the existing Superannuation (PSS) Approved Authority Exclusion Declaration No 1 by omitting 'Australian Wool Corporation' and substituting 'Australian Wool Research and Promotion Organisation'.

The declaration operates with effect from the date of gazettal.