Queensland Consolidated Acts Queensland Consolidated Acts(1) In this section--
audit, of a superannuation scheme, means an audit required under the Commonwealth Superannuation Act.
scheme means a voluntary superannuation scheme for councillors.
standard permanent employee has the meaning given by section 1170.
(2) A local government may--
(a) establish and amend a scheme; or
(b) join in establishing and amending a scheme; or
(c) take part in a scheme.
(3) However, a local government may not establish or take part in a scheme--
(a) under which the contribution to the scheme payable by the local government for its councillors (expressed as a percentage of payment in the nature of salary) is more than--
(i) for the year starting 1 July 1995--11%; or
(ii) for the year starting 1 July 1996--11.5%; or
(iii) for each later year--12%; or
(b) under which the proportion of contribution to the scheme payable by the local government for its councillors is more or less than the proportion of contribution to the LG Super scheme payable by the local government for its standard permanent employees; or
(c) under which the local government is required to contribute to the scheme for a person who has ceased to be a councillor; or
(d) that does not meet the requirements of the Commonwealth Superannuation Act.
(3A) Subsection (3)(a) and (b) do not apply in relation to contributions payable by the local government under an arrangement entered into with a councillor under section 238A.
(4) If a local government acts under subsection (2), it may pay an amount from its operating fund by way of a subsidy or contribution to the scheme.
(5) An audit of a superannuation scheme established by a local government (whether alone or with another local government) must be carried out by the auditor-general.