PSSAP is the sole eligible choice fund in relation to APS employees etc. for certain purposes
16 PSSAP is the sole eligible choice fund in relation to APS employees etc. for certain purposes
If:
either:
a person is eligible to become a member of PSSAP because of particular employment; or
a person is a member of PSSAP, and if the person were not a member of PSSAP, the person would be eligible to become a member because of particular employment; and
that employment is:
employment as an APS employee; or
specified in a written determination made by the Minister under this subparagraph; and
PSSAP is covered by a paragraph of section 32D of the Superannuation Guarantee (Administration) Act 1992;
then, for the purposes of the application of subsection 32C(2) of the Superannuation Guarantee (Administration) Act 1992 to the person, PSSAP is the sole eligible choice fund for the person’s employer.
For specification by class, see subsection 13(3) of the Legislation Act 2003.
A determination under subparagraph (1)(b)(ii) is a legislative instrument.
Despite anything in regulations made for the purposes of paragraph 44(2)(b) of the Legislation Act 2003, section 42 (disallowance) of that Act applies to a determination under subparagraph (1)(b)(ii) of this section.
In this section:
employment has the same meaning as in the Superannuation Guarantee (Administration) Act 1992.
See also section 18A of the Acts Interpretation Act 1901 (parts of speech and grammatical forms).
This Act’s bill:Explanatory memorandumSecond reading speech
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