SUPERANNUATION GUARANTEE (ADMINISTRATION) REGULATIONS 1993 (REPEALED)

REGULATION 3   BENEFIT CERTIFICATES  

3(1)   [ When required]  

An employer must obtain a benefit certificate from an actuary:

(a) if the employer is required to lodge a superannuation guarantee statement - on or before the day on which the superannuation guarantee statement for the quarter to which the certificate relates is lodged; or

(b) if the employer is not required to lodge a superannuation guarantee statement - at or before the time ascertained under subsections 10(3) and (4) of the Act; or

(c) on or before such later date as the Commissioner allows.

3(2)   [ Contents]  

A benefit certificate must:

(a) include the name of each defined benefit superannuation scheme to which the certificate relates; and

(b) specify, or identify by reference to the governing rules of each scheme to which the certificate relates, the minimum requisite benefit; and

(c) specify:

(i) the notional employer contribution rate in relation to each scheme, or combination of schemes, to which the certificate relates; and

(ii) the class of members of the scheme or schemes to which the notional employer contribution rate relates; and

(d) include a statement to the effect that each notional employer contribution rate referred to in paragraph (c) has been calculated in accordance with these Regulations; and

(e) specify the date of effect of the benefit certificate in relation to each scheme to which the certificate relates; and

(f) include the name, business address and actuarial qualifications of the actuary who issues the certificate; and

(g) include the signature of the actuary and the date on which the certificate is signed.