New South Wales Consolidated Regulations

STATE AUTHORITIES SUPERANNUATION REGULATION 2005

- Made under the State Authorities Superannuation Act 1987
- As at 10 February 2009
- Reg 500 of 2005

TABLE OF PROVISIONS

   PART 1 - PRELIMINARY

   1.      Name of Regulation
   2.      Commencement
   3.      Definitions

   PART 2 - GENERAL PROVISIONS SUPPLEMENTARY TO ACT

   4.      Early retirement age
   5.      Determination of loading in respect of shift allowance
   6.      Minimum amount for election to defer benefit
   7.      Payment by STC in relation to post payment surcharge assessment notice received by former contributor

   PART 3 - BENEFIT REDUCTION PROVISIONS

           Division 1 - Benefit reductions relating to tax liabilities

   8.      Definitions
   9.      Prescription of benefits
   10.     Reduction for section 37 of Act
   11.     Reduction for sections 39 and 40 of Act
   12.     Reduction for section 41 of Act
   13.     Reduction for section 42 of Act
   14.     Reduction for section 43 of Act
   15.     Transferred contributors: reduction of benefits
   16.     Reduction of certain benefits resulting from liability for superannuation contributions surcharge: section 45A (3)
   17.     Further reduction of certain benefits resulting from liability for superannuation contributions surcharge: section 45A (5)
   18.     Limitation on payment of penalty interest
   19.     Surcharge deduction amount

           Division 2 - Benefit reductions relating to early release of benefits on ground of severe financial hardship or on compassionate grounds

   20.     Application of Division
   21.     Reduction of benefits
   22.     Consent to benefit reduction
   23.     Release of benefits during transitional period

   PART 3A - FAMILY LAW PROVISIONS

   23A.    Interpretation
   23B.    Application to other schemes
   23C.    Valuation of superannuation interests
   23D.    Notice to contributor and non-contributor spouse when entitlement becomes payable
   23E.    Payment of family law superannuation entitlements
   23F.    Reduction of benefits of contributors
   23G.    Effect of benefit reductions on other benefits
   23H.    Transitional provisions relating to existing family law superannuation entitlements
   23I.    Transitional provision relating to all family law superannuation entitlements

   PART 4 - FIREFIGHTERS AWARD

   24.     Meaning of “permanent firefighter” and “retained firefighter”
   25.     Prescription of firefighters award
   26.     Provision of information
   27.     Existing firefighters may no longer apply for cover for additional benefit
   28.     Existing or new firefighters who elect to relinquish cover for additional benefit
   29.     New firefighter employees covered for additional benefit
   30.     Transfer of amount to Death and Disability Superannuation Fund

   PART 4A - POLICE OFFICERS AWARD

   30A.    Definitions
   30B.    Prescription of police officers award
   30C.    Provision of information
   30D.    Existing police officers may no longer apply for cover for additional benefit
   30E.    Existing police officers who elect to relinquish cover for additional benefit
   30F.    New police officer employees covered for additional benefit

   PART 5 - MISCELLANEOUS

   31.     Savings provision
   32.     Validation of shift loading determinations