Commonwealth Consolidated Acts Commonwealth Consolidated ActsNo. 70, 1988
Compilation No. 13
Compilation date: 22 March 2017
Includes amendments up to: Act No. 13, 2017
Registered: 22 March 2017
About this compilation
This compilation
This is a compilation of the Superannuation (Productivity Benefit) Act 1988 that shows the text of the law as amended and in force on 22 March 2017 (the compilation date).
The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.
Uncommenced amendments
The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.
Application, saving and transitional provisions for provisions and amendments
If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.
Editorial changes
For more information about any editorial changes made in this compilation, see the endnotes.
Modifications
If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.
Self-repealing provisions
If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.
Contents
1 Short title
2 Commencement
3 Interpretation
3AA Closure of productivity benefit scheme from 1 July 2006
3AB Modification of productivity benefit scheme from 1 July 2005
3A Only one benefit in respect of a day of employment
3B Rates of salary
3C Continuing contributions
3D Variation of Table
3E Interest factors
3F Qualified employees
4 Other employers may apply interim benefit
4A Arrangements for certain employers
4B Nominated fund
4C Approved funds
4D Nominated and approved superannuation funds to comply with standards
4E Payments of equivalent benefit to declared funds
4EA Payments of equivalent benefit to CSC
4F Payments of contributions to declared funds
4G Interest
4H Certain employees to become members of nominated fund
5 Qualifying service
6 When benefit payable
7 Employers to pay interim benefit for their employees
8 Amount of interim benefit before 1 July 1990
8A Amount of interim benefit from 1 July 1990
9 Assignment of benefit
9A Declarations
9B Legislative instruments disallowable
9C Delegation by Minister
9D Minister to comply with the Superannuation Industry (Supervision) Act 1993
9E Source of payments
9F Employers to ensure membership of funds
10 Regulations
Schedule--Table of continuing contributions
Endnotes
Endnote 1--About the endnotes
Endnote 2--Abbreviation key
Endnote 3--Legislation history
Endnote 4--Amendment history
The endnotes provide information about this compilation and the compiled law.
The following endnotes are included in every compilation:
Endnote 1--About the endnotes
Endnote 2--Abbreviation key
Endnote 3--Legislation history
Endnote 4--Amendment history
Abbreviation key--Endnote 2
The abbreviation key sets out abbreviations that may be used in the endnotes.
Legislation history and amendment history--Endnotes 3 and 4
Amending laws are annotated in the legislation history and amendment history.
The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.
The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.
Editorial changes
The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.
If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.
Misdescribed amendments
A misdescribed amendment is an amendment that does not accurately describe the amendment to be made. If, despite the misdescription, the amendment can be given effect as intended, the amendment is incorporated into the compiled law and the abbreviation "(md)" added to the details of the amendment included in the amendment history.
If a misdescribed amendment cannot be given effect as intended, the abbreviation "(md not incorp)" is added to the details of the amendment included in the amendment history.
ad = added or inserted | o = order(s) |
am = amended | Ord = Ordinance |
amdt = amendment | orig = original |
c = clause(s) | par = paragraph(s)/subparagraph(s) |
C[x] = Compilation No. x | /sub-subparagraph(s) |
Ch = Chapter(s) | pres = present |
def = definition(s) | prev = previous |
Dict = Dictionary | (prev ... ) = previously |
disallowed = disallowed by Parliament | Pt = Part(s) |
Div = Division(s) | r = regulation(s)/rule(s) |
ed = editorial change | reloc = relocated |
exp = expires/expired or ceases/ceased to have | renum = renumbered |
effect | rep = repealed |
F = Federal Register of Legislation | rs = repealed and substituted |
gaz = gazette | s = section(s)/subsection(s) |
LA = Legislation Act 2003 | Sch = Schedule(s) |
Sdiv = Subdivision(s) | |
(md) = misdescribed amendment can be given | SLI = Select Legislative Instrument |
effect | SR = Statutory Rules |
(md not incorp) = misdescribed amendment | Sub-Ch = Sub-Chapter(s) |
cannot be given effect | SubPt = Subpart(s) |
mod = modified/modification | underlining = whole or part not |
No. = Number(s) | commenced or to be commenced |
Endnote 3--Legislation history
Act | Number and year | Assent | Commencement | Application, saving and transitional provisions |
70, 1988 | 15 June 1988 | 1 Jan 1988 (s 2) |
| |
130, 1988 | 14 Dec 1988 | 14 Dec 1988 (s 2) | -- | |
40, 1990 | 7 June 1990 | s 94 and 98: 7 June 1990 (s 2 item (1)(a)) | -- | |
130, 1991 | 2 Sept 1991 | -- | ||
187, 1992 | 18 Dec 1992 | s 66, 69, 70: 18 Dec 1992 (s 2(1)) | -- | |
Superannuation Industry (Supervision) Consequential Amendments Act 1993 | 82, 1993 | 30 Nov 1993 | s 64 | |
43, 1996 | 25 Oct 1996 | Sch 2 (item 111): 1 July 1990 (s 2(2)) | -- | |
Retirement Savings Accounts (Consequential Amendments) Act 1997 | 62, 1997 | 28 May 1997 | Sch 6: 2 June 1997 (s 2 and gaz 1997, No S202) | -- |
48, 1998 | 29 June 1998 | Sch 1 (item 192): 1 July 1998 (s 2(2) and gaz 1998, No S316) |
| |
Public Employment (Consequential and Transitional) Amendment Act 1999 | 146, 1999 | 11 Nov 1999 | Sch 1 (items 902-907): 5 Dec 1999 (s 2(1), (2)) and gaz 1999, No S584) | -- |
81, 2005 | 29 June 2005 | Sch 3: 1 July 2005 (s 2(1) item 6(a)) | -- | |
Superannuation Legislation Amendment (Simplification) Act 2007 | 15, 2007 | 15 Mar 2007 | Sch 1 (items 365, 406(1)-(3)): 15 Mar 2007 (s 2(1) item 2) | Sch 1 (item 406(1)-(3)) |
Superannuation Legislation Amendment (Trustee Board and Other Measures) (Consequential Amendments) Act 2008 | 26, 2008 | 23 June 2008 | Sch 2 (items 33-38): 23 June 2008 (s 2(1) item 5) | -- |
5, 2011 | 22 Mar 2011 | Sch 6 (items 105, 106, 136): 19 Apr 2011 (s 2(1) item 17) | -- | |
Superannuation Legislation (Consequential Amendments and Transitional Provisions) Act 2011 | 58, 2011 | 28 June 2011 | Sch 1 (items 240-242): 1 July 2011 (s 2(1) item 2) | -- |
62, 2014 | 30 June 2014 | Sch 12 (item 171) and Sch 14: 1 July 2014 (s 2(1) item s 6, 14) | Sch 14 | |
as amended by |
|
|
|
|
Public Governance and Resources Legislation Amendment Act (No. 1) 2015 | 36, 2015 | 13 Apr 2015 | Sch 2 (items 7-9) and Sch 7: 14 Apr 2015 (s 2) | Sch 7 |
as amended by |
|
|
|
|
Acts and Instruments (Framework Reform) (Consequential Provisions) Act 2015 | 126, 2015 | 10 Sept 2015 | Sch 1 (item 486): 5 Mar 2016 (s 2(1) item 2) | -- |
Acts and Instruments (Framework Reform) (Consequential Provisions) Act 2015 | 126, 2015 | 10 Sept 2015 | Sch 1 (item 495): 5 Mar 2016 (s 2(1) item 2) | -- |
Tax and Superannuation Laws Amendment (2014 Measures No. 7) Act 2015 | 21, 2015 | 19 Mar 2015 | Sch 7 (item 32): 20 Mar 2015 (s 2(1) item 15) | -- |
Acts and Instruments (Framework Reform) (Consequential Provisions) Act 2015 | 126, 2015 | 10 Sept 2015 | Sch 1 (item 590): 5 Mar 2016 (s 2(1) item 2) | -- |
Statute Update (A.C.T. Self-Government (Consequential Provisions) Regulations) Act 2017 | 13, 2017 | 22 Feb 2017 | Sch 1 (item 38): 22 Mar 2017 (s 2(1) item 2) | -- |
Provision affected | How affected |
Title.................... | am No 40, 1990 |
s 1..................... | am No 40, 1990 |
s 3..................... | am No 130, 1988; No 40, 1990; No 130, 1991; No 187, 1992; No 82, 1993; No 62, 1997; No 146, 1999; No 81, 2005; No 26, 2008; No 5, 2011; No 58, 2011; No 62, 2014; No 13, 2017 |
s 3A.................... | ad No 40, 1990 |
s 3AA................... | ad No 81, 2005 |
s 3AB................... | ad No 81, 2005 |
| am 21, 2015 |
s 3B.................... | ad No 40, 1990 |
| am No 187, 1992 |
s 3C.................... | ad No 40, 1990 |
| am No 187, 1992 |
s 3D.................... | ad No 40, 1990 |
| am No 26, 2008 |
s 3E.................... | ad No 40, 1990 |
| am No 26, 2008 |
s 3F.................... | ad No 40, 1990 |
| am No 26, 2008 |
s 4A.................... | ad No 40, 1990 |
| am No 187, 1992; No 26, 2008 |
s 4B.................... | ad No 40, 1990 |
s 4C.................... | ad No 40, 1990 |
s 4D.................... | ad No 40, 1990 |
| am No 15, 2007 |
s 4E.................... | ad No 40, 1990 |
s 4EA................... | ad No 130, 1991 |
| am No 58, 2011 |
s 4F.................... | ad No 40, 1990 |
| am No 26, 2008 |
s 4G.................... | ad No 40, 1990 |
| am No 130, 1991; No 26, 2008 |
s 4H.................... | ad No 40, 1990 |
s 5..................... | am No 40, 1990 |
s 6..................... | am No 40, 1990; No 82, 1993; No 62, 1997; No 48, 1998 |
s 7..................... | am No 40, 1990 |
s 8..................... | am No 40, 1990 |
s 8A.................... | ad No 40, 1990 |
| am No 26, 2008 |
s 9A.................... | ad No 40, 1990 |
s 9B.................... | ad No 40, 1990 |
| am No 43, 1996 |
| rs No 26, 2008 |
| am No 126, 2015 |
s 9C.................... | ad No 40, 1990 |
| am No 5, 2011 |
s 9D.................... | ad No 40, 1990 |
| am No 82, 1993 |
s 9E.................... | ad No 40, 1990 |
s 9F.................... | ad No 40, 1990 |
Schedule................. | ad No 40, 1990 |