New South Wales Consolidated Regulations

STATE AUTHORITIES SUPERANNUATION (TRANSITIONAL PROVISIONS) REGULATION 1988 - REG 4

4 Transferred contributors

(1) If, immediately before 1 April 1988, a transferred contributor was, in accordance with section 12 of the earlier Act (additional benefit), covered for the additional benefit, that contributor:

(a) shall be taken to be covered for the additional benefit under the current Act, and

(b) shall pay the additional benefit levy as required by section 22 (2) of that Act (approval of application) as if that contributor had lodged with the Board an application under section 20 of that Act (additional benefit) which had been approved by the Board.

(2) If, immediately before 1 April 1988, any allowances or other kinds of remuneration were treated as salary for the purposes of the earlier Act in relation to a transferred contributor, they shall continue to be treated as salary for the purposes of the current Act, but only as regards that contributor.