New South Wales Consolidated Acts

STATE AUTHORITIES NON-CONTRIBUTORY SUPERANNUATION ACT 1987 - SECT 23B

23B Effect on other benefits

(1) Regulations may be made for or with respect to the payment and calculation of benefits where part of a benefit has been released to a person under section 23 (1) (c) on the grounds of severe financial hardship or on compassionate grounds.

(2) Without limiting subsection (1), regulations may be made for or with respect to the following matters:

(a) the adjustment by STC of a benefit that is paid to a person to whom such an amount has been previously released, including interest payable in respect of the amount released,

(b) the obtaining of consent to any such adjustment,

(c) the obtaining of actuarial advice by STC for the purpose of any such adjustment,

(d) enabling the payment to STC of amounts to set-off the amounts released against benefits that would otherwise accrue,

(e) any matter ancillary to or consequential on the matters set out in paragraphs (a)-(d).