Industry Superannuation Fund definition

Industry Superannuation Fund means a complying superannuation fund, as defined in the Superannuation Industry (Supervision) Act 1993, that: (i) has twenty or more participating employers; (ii) excluding any independent directors, provides for half of the trustee board to be comprised of employee representatives and/or nominated by one or more trade unions and half of the trustee board to be comprised of representatives of participating employers; and (iii) operates on a “not for profit” basis.
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Examples of Industry Superannuation Fund in a sentence

  • The employer shall pay on the employee's account, to one of either the Australian Primary Industry Superannuation Fund or AMP Retirement Superannuation Fund, or such other fund by agreement between the employee and the employer, an amount representing an amount of superannuation as required by law.

  • Part 3 of the current Act, contains provisions constituting and governing both the Coal Industry Superannuation Board and the Coal Industry Superannuation Fund.

  • During this period, the superannuation scheme provided for by the rules made under section 7A is provided through the Coal Industry Superannuation Fund.

  • All members of the Coal Industry Superannuation Fund are deemed to be members of the scheme through new section 9(2A).

  • Activities within each division have been further divided into one or more sections.

  • Part 5 provides for removal of the provisions in the Act dealing with the Coal Industry Superannuation Board and the Coal Industry Superannuation Fund that have become redundant.

  • Furthermore, section 9(3) is amended so that the Coal Industry Superannuation Fund will have the power to transfer benefits to a successor fund in accordance with SIS (ie once an external fund has been designated through the issue of regulations in accordance with new section 7B).

  • New section 28B provides that, as soon as reasonably practicable after the Coal Industry Superannuation Board is satisfied that the winding up of the Coal Industry Superannuation Fund is complete, it is required to notify the Minister accordingly.

  • In summary, under amended section 9(2)(a), contributions made in accordance with the scheme will continue to be paid to the Coal Industry Superannuation Fund until an external fund is designated.

  • Contributions accruing after the fund transfer day will not be accepted by the Coal Industry Superannuation Fund and no further retirement, death or disablement benefit entitlements will accrue within the Coal Industry Superannuation Fund in respect of events or service after that date.

Related to Industry Superannuation Fund

  • Superannuation Fund means the Local Government Superannuation Scheme.

  • Approved Occupational Superannuation Fund means a superannuation fund which complies with the Occupational Superannuation Standards Act, 1987.

  • Superannuation Scheme in this subclause, shall mean a scheme other than one implemented solely for purposes of compliance with Clause 49. - Superannuation of this award, or an Order of the Western Australian Industrial Relations Commission.

  • Superannuation Legislation means the Federal legislation as varied from time to time, governing the superannuation rights and obligations of the parties, which includes the Superannuation Guarantee (Administration) Act 1992, the Superannuation Guarantee Charge Act 1992, the Superannuation Industry (Supervision) Act 1993 and the Superannuation (Resolution of Complaints) Act 1993.

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • Pension Fund means any person that: (i) is organized under the laws of a Contracting State; (ii) is established and maintained in that Contracting State primarily to administer or provide pensions or other similar remuneration, including social security payments; and (iii) is exempt from tax in that Contracting State with respect to the activities described in clause (ii).

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Retirement system means a retirement plan or system that is established by or pursuant to title 38.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • Free appropriate public education means special education and related services that are provided at public expense and under public supervision and direction, and without charge, meet the standards of the Department of Public Instruction, include an appropriate preschool, elementary or secondary school education; and are provided in conformity with an IEP.

  • School Community means all parents, students and staff of the school and all other persons who have a legitimate interest in or connection with the school.

  • Urban Coordinating Council Empowerment Neighborhood means a neighborhood given priority access to State resources through the New Jersey Redevelopment Authority.

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • 401(k) Plan shall have the meaning set forth in Section 6.3(a).

  • pension means a pension or annual allowance paid under the Public Service Superannuation Act (PSSA), R.S., 1985, c. P-36, and any increases paid pursuant to the Supplementary Retirement Benefits Act, R.S., 1985, c. S-24 as it affects the PSSA. It does not include pensions payable pursuant to the Canadian Forces Superannuation Act, R.S., 1985, c. C-17, the Defence Services Pension Continuation Act, 1970, c. D-3, the Royal Canadian Mounted Police Pension Continuation Act , 1970, c. R-10, and the Royal Canadian Mounted Police Superannuation Act, R.S., 1985, c. R-11, the Members of Parliament Retiring Allowances Act, R.S. 1985, c. M-5, and that portion of pension payable to the Canada Pension Plan Act, R.S., 1985, c. C-8.

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Alternative education program means a school or separate class group designed to best serve students’ educational needs and interests and assist students in achieving the academic standards of the district and the state.

  • Endowment means the Tobacco Indemnification and Community Revitalization Endowment

  • Intensive supervision program means a parole program that

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • General education means the compulsory school attendance phase as referred to in section 3 of the South African Schools Act, 1996 (Act No. 84 of 1996); and

  • Depository System Participant means any participant in the Depository’s book- entry system.

  • Pension program means the defined benefit pension program of the Oregon Public Service

  • Pension Funding Rules means the rules of the Code and ERISA regarding minimum required contributions (including any installment payment thereof) to Pension Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Code and Section 302 of ERISA, each as in effect prior to the Pension Act and, thereafter, Section 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.