Superannuation Guarantee (Administration) Regulations 2018

PART 3 - BENEFIT CERTIFICATES  

SECTION 7   BENEFIT CERTIFICATES  

7(1)    
An employer must obtain a benefit certificate from an actuary:

(a)    

(Repealed by FRLI No F2026L00133)

(b)    

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.

7(2)    
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 this instrument; 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.