New South Wales Consolidated Regulations

STATE AUTHORITIES SUPERANNUATION (CLOSED LOCAL GOVERNMENT SCHEMES TRANSFER) (SAVINGS AND TRANSITIONAL) REGULATION 1990

- Made under the State Authorities Superannuation Act 1987
- As at 1 April 1997
- Reg 213 of 1990

TABLE OF PROVISIONS

   PART 1 - PRELIMINARY

   1.      Name of Regulation
   2.      Commencement
   3.      Definitions

   PART 2 - TRANSFER OF CERTAIN POLICY HOLDERS AND CONTRIBUTORS TO THE STATE AUTHORITIES SUPERANNUATION FUND

   4.      Transfer of insurance policy holders to the SAS Fund
   5.      Transfer of Provident Fund contributors to the SAS Fund
   6.      Transfer of Benefits Fund contributors to the SAS Fund
   7.      Earlier Act to cease to apply to former contributors to the Provident and Benefits Funds
   8.      Transfers from Investment Reserves in the Provident and Benefits Funds
   9.      Transfer from Death and Invalidity Reserve in the Benefits Fund

   PART 3 - SPECIAL PROVISIONS FOR INSURANCE POLICY HOLDERS AND FORMER PROVIDENT FUND CONTRIBUTORS

   10.     Definition of “notional accumulation” for the purposes of Part 3
   11.     Transferred benefit points accruing to insurance policy holders
   12.     Transferred benefit points accruing to certain Provident Fund contributors
   13.     Transferred benefit points accruing to contributors who have made additional contributions to the Provident Fund
   14.     Minimum benefit for transferred contributors who were formerly holders of current insurance policies or Provident Fund contributors
   15.     Benefit to be adjusted in certain circumstances
   16.     Debiting of accounts-transferred contributors who were formerly holders of current insurance policies or Provident Fund contributors

   PART 4 - SPECIAL PROVISIONS FOR FORMER BENEFITS FUND CONTRIBUTORS

   17.     Definition of “notional accumulation” for the purposes of Part 4
   18.     Transferred benefit points accruing to Benefits Fund contributors
   19.     Minimum benefit for transferred contributors who were formerly Benefits Fund contributors
   20.     Minimum benefit for certain specially qualified transferred contributors who were formerly Benefits Fund contributors
   21.     Benefit to be adjusted in certain circumstances
   22.     Debiting of accounts-transferred contributors who were formerly Benefits Fund contributors

   PART 5 - SPECIAL PROVISIONS FOR CERTAIN FORMER LOCAL GOVERNMENT SCHEME CONTRIBUTORS EMPLOYED UNDER INDUSTRIAL AWARDS ETC

   23.     Application of Part 5 and definitions
   24.     Supplementary payments to employees to whom Part 5 applies
   24A.    Additional benefit for certain Sydney Electricity employees
   25.     Debiting of accounts-payment of supplementary benefits

   PART 6 - MISCELLANEOUS

   26.     Early retirement age-female contributors and Sydney County Council employees
   27.     Board may “round off” transferred benefit points
           SCHEDULE 1
           SCHEDULE 2