Western Australian Consolidated Acts

STATE SUPERANNUATION ACT 2000 - SECT 52

52 .         Review of special membership

        (1)         The Treasurer is to carry out a review of the Treasurer’s special membership of MutualCo as soon as is practicable after —

            (a)         the third anniversary of the transfer time; and

            (b)         the expiry of each 3 yearly interval after that anniversary.

        (2)         In the course of a review the Treasurer is to consider and have regard to —

            (a)         the need for —

                  (i)         the Treasurer to continue to be the special member; and

                  (ii)         the continuation of section 51;

                and

            (b)         the effectiveness of the operations and performance of MutualCo, TrustCo, GESB Superannuation and the West State scheme; and

            (c)         the interests of members of GESB Superannuation and the West State scheme; and

            (d)         any other matters that appear to the Treasurer to be relevant.

        (3)         The Treasurer is to prepare a report based on the review and, as soon as is practicable after the report is prepared (and in any event not more than 12 months after the relevant anniversary), cause it to be laid before each House of Parliament or dealt with under section 78.

        (4)         Before a copy of the report is laid before Parliament the Treasurer —

            (a)         must provide MutualCo and TrustCo with a reasonable opportunity to identify any information contained in the report that the company considers is of a confidential or commercially sensitive nature; and

            (b)         may exclude from the copy of the report to be laid before Parliament any such information identified by MutualCo or TrustCo.

        (5)         If information is excluded from a copy of the report under subsection (4)(b), the copy of the report must contain a statement to that effect at the place in the report where the excluded information would have otherwise appeared.

        (6)         If, after carrying out a review, the Treasurer determines that there is no need for the Treasurer to continue to be the special member, the Treasurer is to resign as the special member in the manner provided in the constitution of MutualCo not later than 30 working days after the report is laid before Parliament.

        [Section 52 inserted by No. 25 of 2007 s. 16; amended by No. 25 of 2007 s. 70.]