New South Wales Consolidated Acts

HUNTER DISTRICT WATER BOARD EMPLOYEES' PROVIDENT FUND (SPECIAL PROVISIONS) ACT 1987 - NOTES

WHEREAS on 1 February 1982, 504 employees of the Hunter District Water Board who were members of the Hunter District Water Board Employees’ Provident Fund purported to elect to become contributors to the New South Wales Retirement Fund established under the New South Wales Retirement Benefits Act 1972 and subsequently a further 13 such employees purported to elect to become contributors to that Retirement Fund:
AND WHEREAS contributions and other money which those employees would have been entitled to receive from the Provident Fund were subsequently transferred to the New South Wales Retirement Fund, but the transfer was not effected according to law and doubts have arisen as to whether or not those employees have effectively terminated their membership of the Provident Fund:
AND WHEREAS those employees have, by virtue of the enactment of the Public Authorities Superannuation Act 1985, since become contributors to the Public Authorities Superannuation Fund:
AND WHEREAS, before those employees became contributors to the New South Wales Retirement Fund, the Hunter District Water Board made contributions to the Provident Fund in respect of those employees and has, for some time, wished to have those contributions transferred to the Public Authorities Superannuation Fund in order to offset its liability in respect of benefits payable in respect of those employees under the Public Authorities Superannuation Act 1985, but the trustees of the Provident Fund have not been able to make that transfer without being in breach of trust:
AND WHEREAS it is desirable that the position of those employees with respect to the Provident Fund be clarified and that the contributions made to the Provident Fund by the Hunter District Water Board in respect of those employees be transferred to the Public Authorities Superannuation Fund for the benefit of those employees:
AND WHEREAS it is also desirable that the Hunter District Water Board’s contributions to the Provident Fund made in respect of other employees of that Board who may subsequently become contributors to the Public Authorities Superannuation Fund or to some other superannuation or retirement fund established by the New South Wales Government should be transferred to that Superannuation Fund or to that other fund without the trustees of the Provident Fund being in breach of trust:

The Legislature of New South Wales therefore enacts as follows:

Historical notes

The following abbreviations are used in the Historical notes:

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