GOVERNMENT EMPLOYEES SUPERANNUATION ACT 1987 - SECT 56A

This legislation has been repealed.

GOVERNMENT EMPLOYEES SUPERANNUATION ACT 1987 - SECT 56A

56A .         Restriction on establishment of schemes by public authority

        (1)         A public authority that is empowered or required by a written law to establish a superannuation scheme for the benefit of its employees, whether the power is in specific or general terms, shall not exercise the power or perform the duty except —

            (a)         with the approval of the Treasurer; and

            (b)         on such terms and conditions as the Treasurer may specify.

        (2)         Subsection (1) has effect notwithstanding a provision, express or implied, in a written law, but does not affect the operation of a superannuation scheme that was established before the commencement of section 28 of the Government Employees Superannuation Amendment Act 1989 ¹ .

        (3)         In subsection (1) "public authority" means a public statutory body established by or under a written law.

        [Section 56A inserted by No. 44 of 1989 s.28.]