First declaration of approved superannuation scheme
280 First declaration of approved superannuation scheme
The first regulation declaring an industry superannuation scheme to be an approved industry superannuation scheme must fix a commencement day for the approval (the approval day).
Notes—
1 For the definition of approved industry superannuation scheme, see this Act as passed, section 261.
2 For the approval day, see the Electricity Regulation 1994, section 241.
The regulation may be made only if the Minister is satisfied the scheme’s conditions are acceptable to replace the conditions of the Queensland Electricity Supply Industry Employees’ Superannuation Scheme, and the Queensland Electricity Supply Industry Employer-funded Accumulations Superannuation Fund, established under the Electricity Act 1976 (QESIESS).
The approved industry superannuation scheme is a continuation of QESIESS.
This Act’s bill:Explanatory memorandum
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