New South Wales Consolidated Acts

ABERDARE COUNTY COUNCIL (DISSOLUTION) ACT 1982 - SECT 17

17 Procedure on making of election

(1) Where a servant of the Council who elects to become a contributor to the AGL Superannuation Fund in accordance with section 8 (1) is a person to whom Part 2 of the Local Government and Other Authorities (Superannuation) Act 1927 , applies, the provisions of section 4 (4) (f) of that Act apply to and in respect of that person as if:

(a) immediately before the prescribed day he had ceased to be employed as referred to in those provisions,

(b) he had advised the Local Government Superannuation Board that he did not wish to take over or to continue any policy on his life effected under that Act, and

(c) any money that would, but for this paragraph, be payable to him pursuant to those provisions were payable instead to the Company.

(2) Where a servant of the Council who elects to become a contributor to the AGL Superannuation Fund in accordance with section 8 (1) is a person to whom Part 3 of the Local Government and Other Authorities (Superannuation) Act 1927 , applies, the provisions of section 15 of that Act apply to and in respect of that person as if:

(a) immediately before the prescribed day he had ceased to be employed as referred to in those provisions, and

(b) any money that would, but for this paragraph, be payable to him pursuant to those provisions were payable instead to the Company.

(3) Where a servant of the Council who elects to become a contributor to the AGL Superannuation Fund in accordance with section 8 (1) is a person to whom Part 3B of the Local Government and Other Authorities (Superannuation) Act 1927 , applies, the provisions of section 15V of that Act apply to and in respect of that person as if:

(a) immediately before the appointed day he had ceased to be employed as referred to in those provisions, and

(b) any money that would, but for this paragraph, be payable to him pursuant to those provisions were payable instead to the Company.

(4) Where a servant of the Council who elects to become a contributor to the AGL Superannuation Fund in accordance with section 8 (1) is a person to whom Part 3D of the Local Government and Other Authorities (Superannuation) Act 1927 , applies, the Local Government Superannuation Board shall, on a day agreed upon between that Board, the Company and the AGL Superannuation Fund Trustees, pay to the Company:

(a) from the general reserve account in the Pension Fund established under that Act-an amount equal to the amount that would be transferred in respect of that person under section 15BC of that Act if section 15AW (1) (b) of that Act had not been enacted and if that person were, within the meaning of that Part, a servant of a general employer who, on the prescribed day, became a servant of a special employer, and

(b) from that person’s servant’s account maintained under section 15BB of that Act in that Pension Fund-the amount standing to the credit of that account immediately before the prescribed day.

(5) Where, for the purpose of making a payment pursuant to this section, a policy of assurance is to be cancelled, it shall be cancelled so that the effective date of the cancellation is the prescribed day.