Superannuation Guarantee (Administration) Regulations 2018

PART 1 - PRELIMINARY  

SECTION 5  

5   DEFINITIONS  

Note: A number of expressions used in this instrument are defined in the Act, including the following:

(a) actuary;

(b) defined benefit superannuation scheme;

(c) MySuper member;

(d) ordinary time earnings;

(e) superannuation guarantee statement.

In this instrument:

Act
means the Superannuation Guarantee (Administration) Act 1992 .

capital guaranteed fund
has the same meaning as in the Corporations Regulations 2001 .

eligible community service activity
has the same meaning as in subsection 109(1) of the Fair Work Act 2009 .

employer contribution rate,
in relation to a member of a superannuation scheme, means the rate:

(a) at which contributions relating to the member are paid into the superannuation fund in respect of the scheme by an employer of the member; and

(b) that is expressed as a percentage of the member ' s ordinary time earnings.

minimum requisite benefit
has the same meaning as in the Superannuation Industry (Supervision) Regulations 1994 .

parental leave
includes any of the following:

(a) maternity leave;

(b) early paid leave for an expectant mother if the employer is unable to transfer her to a safe job;

(c) paternity leave;

(d) pre-adoption leave;

(e) adoption leave.

relevant fund
means any of the following:

(a) a complying approved deposit fund;

(b) a complying superannuation fund;

(c) an RSA.

responsible officers
means:

(a) in relation to a relevant fund that is a complying approved deposit fund or a complying superannuation fund - the trustees of the fund; or

(b) in relation to a relevant fund that is an RSA - the RSA provider of the RSA.

scheduled international social security agreement
has the meaning given by subsection 5(1) of the Social Security (International Agreements) Act 1999 .

selection period
has the meaning given by subsection 17A(4) .

shortfall component
has the meaning given by sections 64A and 64B of the Act.

successor fund
has the same meaning as in the Superannuation Industry (Supervision) Regulations 1994 .