Victorian Consolidated Legislation

Corporations (Victoria) Act 1990 - SECT 83

Election to preserve benefits in, or remain in, State superannuation scheme

83. Election to preserve benefits in, or remain in, State superannuation
scheme



(1) A person who is or has been a member of the Commission's staff who-

   (a)  was appointed as such a member under section 81B of the Public Service
        Act 1922 of the Commonwealth; and

   (b)  immediately before that appointment was an officer within the meaning
        of the State Superannuation Act 1988-

may, within three months after being so appointed, elect, by notice in writing
given to the State Superannuation Board, to continue to contribute to the
Superannuation Fund within the meaning of the State Superannuation Act 1988.

(2) A person who makes an election under subsection (1) and is not a
contributor to a superannuation scheme provided under an Act of the
Commonwealth-

   (a)  may continue to contribute to the Superannuation Fund while the person
        is appointed by the Commission as if the person were an officer within
        the meaning of the State Superannuation Act 1988, and were entitled as
        such an officer to the same annual salary as to that to which the
        person is actually entitled; and

   (b)  has the same rights as the person would have if the person had been
        such an officer during the whole of the period during which the person
        contributes to the Superannuation Fund.

(3) For the purposes of section 70 of the State Superannuation Act 1988, a
member of the Commission's staff who was appointed under section 81B of the
Public Service Act 1922 of the Commonwealth is to be taken, while appointed
under that Act, to be employed by a public body within the meaning of
section 70 of the State Superannuation Act 1988.

Division 2-Co-operative scheme laws