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COAL AND OIL SHALE MINE WORKERS
(SUPERANNUATION) AMENDMENT BILL 1994
NEW SOUTH WALES
EXPLANATORY NOTE
(This Explanatory Note relates to this Bill as introduced into Parliament)
The objects of this Bill are:
· to enable employment in the coal industries in Tasmania and Western Australia (as
well as Queensland) to be taken into account in determining the benefits payable to
or in respect of former New South Wales mine workers; and
· to clarify certain provisions of Parts 2 and 4B of the Coal and Oil Shale Mine
Workers (Superannuation) Act 1941 ("the Principal Act") relating to the
entitlement to benefits and refunds of contributions of mine workers who were
contributors to the Coal and Oil Shale Mine Workers Superannuation Fund on 2
January 1993; and
· to introduce further measures to ensure that the Coal and Oil Shale Mine Workers'
Superannuation Tribunal and the Fund comply with the Commonwealth
Occupational Superannuation Standards Regulations; and
· to make other amendments to the Principal Act of a minor, ancillary or
consequential nature.
Clause 1 specifies the short title of the proposed Act.
Clause 2 specifies the dates on which the provisions of the proposed Act are to
commence or are to be taken to have commenced.
Clause 3 is a formal provision that gives effect to the amendments set out in
Schedules 14.
Clause 4 revokes certain proclamations that are currently in force under section 4 of
the Principal Act (which is to be repealed). Those proclamations, which declare
Queensland, Tasmania and Western Australia to be "reciprocating States", are to be
replaced by a definition of "Reciprocating State", which is to be inserted in section 2 of
the Principal Act (Definitions). (See Schedule 1 (1) and (2).)
Schedule 1 contains amendments relating to the service of mine workers employed
in the reciprocating States (Queensland, Tasmania and Western Australia).
Schedule 2 contains amendments relating to benefits payable in respect of
applications made on or after 3 January 1993.
Schedule 3 contains amendments relating to refunds of contributions under Part 4B
of the Act (Refund of mine workers' contributions before 3 January 1993).
Schedule 4 contains miscellaneous amendments to the Principal Act.