New South Wales Bills Explanatory Notes New South Wales Bills Explanatory Notes[Index] [Search] [Download] [Bill] [Help]
SUPERANNUATION LEGISLATION
AMENDMENTS) BILL 1993
NEW SOUTH WALES
EXPLANATORY NOTE
(This Explanatory Note relates to this Bill
as introduced into Parliament)
This Bill makes amendments to various public sector superannuation schemes in
relation to the privatisation of Government employers, the components of salaries for
the purposes of those schemes, the First State Superannuation Scheme and various other
matters.
The objects of this Bill are as follows:
(a) to provide, for superannuation purposes, for the rights of employees and the
liabilities of employers affected by a Government privatisation initiative by
amending the following Acts as proposed by Schedule 1:
· State Authorities Non-contributory Superannuation Act 1987
· State Authorities Superannuation Act 1987
· Superannuation Act 1916;
(b) to change the provisions relating to the determination of the salary for
superannuation purposes of officers in the NSW Senior Executive Service and
Police Executive Service by amending the following Acts as proposed by
Schedule 2:
· Police Association Employees (Superannuation) Act 1969
· Police Regulation (Superannuation) Act 1906
· Public Sector Executives Superannuation Act 1989
· State Authorities Non-contributory Superannuation Act 1987
· State Authorities Superannuation Act 1987
· Superannuation Act 1916;
(c) to enable the cost of certain employment benefits provided to public sector
employees who are not officers in the NSW Senior Executive Service to be
taken into account in determining the salary of those employees for
superannuation purposes by amending the following Acts as proposed by
Schedule 2:
· Police Regulation (Superannuation) Act 1906
· State Authorities Non-contributory Superannuation Act 1987
· State Authorities Superannuation Act 1987
Superannuation Act 1916;
(d) to make amendments to the following Acts in relation to the commencement
and operation of the First State Superannuation Scheme as proposed by
Schedule 3:
· First State Superannuation Act 1992
· State Authorities Non-contributory Superannuation Act 1987
· State Authorities Superannuation Act 1987;
(e) to make other amendments of an administrative nature to the following Acts as
proposed by Schedule 4:
· Police Regulation (Superannuation) Act 1906
· Police Service Act 1990
· Public Sector Executives Superannuation Act 1989
· Public Sector Management Act 1988
· State Authorities Non-contributory Superannuation Act 1987
· State Authorities Superannuation Act 1987
· Statutory and Other Offices Remuneration Act 1975
· Superannuation Act 1916
· Superannuation Administration Act 1991.
An explanation follows the amendments proposed for each of the Acts.
Clause 1 specifies the short title of the proposed Act.
Clause 2 provides for the commencement of the provisions of the proposed Act.
Clause 3 gives effect to Schedules 14 to the proposed Act which contain the
amendments referred to above.
Clause 4 makes it clear that the explanatory notes and other notes contained in the
proposed Act do not form part of the proposed Act.