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State Authorities Non-Contributory Superannuation Act 1987 No 212

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State Authorities Non-Contributory Superannuation Act 1987 No 212 State Authorities Non-contributory Superannuation Act 1987 No 212 New South Wales Status information Currency of version Current version for 2 September 2019 to date (accessed 11 February 2020 at 09:24) Legislation on this site is usually updated within 3 working days after a change to the legislation. Provisions in force The provisions displayed in this version of the legislation have all commenced. See Historical Notes Editorial note The Parliamentary Counsel’s Office is progressively updating certain formatting styles in versions of NSW in force legislation published from 29 July 2019. For example, colons are being replaced by em-rules (em-dashes). Text of the legislation is not affected. This version has been updated. Responsible Minister Treasurer Authorisation This version of the legislation is compiled and maintained in a database of legislation by the Parliamentary Counsel's Office and published on the NSW legislation website, and is certified as the form of that legislation that is correct under section 45C of the Interpretation Act 1987. File last modified 2 September 2019. Published by NSW Parliamentary Counsel’s Office on www.legislation.nsw.gov.au Page 1 of 76 State Authorities Non-contributory Superannuation Act 1987 No 212 [NSW] State Authorities Non-contributory Superannuation Act 1987 No 212 New South Wales Contents Long title...................................................................................................................................................................... 6 Part 1 Preliminary.................................................................................................................................................... 6 1 Name of Act.................................................................................................................................................... 6 2 Commencement ............................................................................................................................................. 6 3 Definitions....................................................................................................................................................... 6 4 Salary ........................................................................................................................................................... 10 4A Salary of executive officers........................................................................................................................... 12 4B (Repealed).................................................................................................................................................... 14 5 Employees of the Crown etc......................................................................................................................... 14 6 Provisions respecting certain employees ..................................................................................................... 14 7 Irregular employees...................................................................................................................................... 14 8 Persons not subject to Act............................................................................................................................ 14 Part 2 Funds............................................................................................................................................................. 14 9 Funds etc...................................................................................................................................................... 14 10 Reserves for employers................................................................................................................................ 15 10A Additional payments by certain employers................................................................................................... 16 10B Commonwealth co-contribution accounts..................................................................................................... 16 10C Additional employer contributions accounts ................................................................................................. 16 11 Adjustment of accounts and reserves for interest etc................................................................................... 16 11A Source of administration costs payments..................................................................................................... 16 12 Funds, accounts and reserves generally...................................................................................................... 17 13 Actuarial investigation................................................................................................................................... 17 Part 3 Contributions by employers .............................................................................................................. 17 14 Contributions by employer under Part 1 of Schedule 1 (The Crown and other employers) ......................... 17 15 Contributions by employer under Part 2 of Schedule 1 (Local government and other authorities) .............. 18 16 Contributions by employer under Part 3 of Schedule 1 (Hospitals and other bodies).................................. 18 16A Additional contributions by certain public sector employers......................................................................... 18 Current version for 2 September 2019 to date (accessed 11 February 2020 at 09:24) Page 2 of 76 State Authorities Non-contributory Superannuation Act 1987 No 212 [NSW] 17 Contributions for irregular employees........................................................................................................... 19 18 Basis and making of contributions................................................................................................................ 19 18A Acceptance of contributions ......................................................................................................................... 19 19 Transfer of employees.................................................................................................................................. 19 19A Variation of employer contributions .............................................................................................................. 20 20 Application of payments ............................................................................................................................... 20 Part 4 Benefits ........................................................................................................................................................ 20 20A Scheme closed for new employees.............................................................................................................. 20 21 Definitions..................................................................................................................................................... 21 22 Basic benefit................................................................................................................................................. 21 22A Commonwealth co-contribution benefit ........................................................................................................ 22 22B Additional employer contributions benefit..................................................................................................... 22 23 When benefits are payable........................................................................................................................... 22 23A Benefit on attaining 65.................................................................................................................................. 23 23B Effect on other benefits................................................................................................................................. 23 24 Benefit to be preserved ................................................................................................................................ 24 24A Preservation of benefit for employees aged 55 years and over in certain circumstances............................ 25 24B Competing claims for spouses’ or de facto partners’ benefits...................................................................... 25 25 Preservation of benefit.................................................................................................................................. 26 25A Power of STC to purchase annuities etc out of benefit payable under this Act............................................ 26 26 Interest.......................................................................................................................................................... 26 26A Power of STC to reduce benefits to offset certain tax liabilities of a fund maintained under section 9 (1) ... 26 26AA Restoration of death benefit previously reduced to offset contribution tax liabilities .................................... 27 26AB Power of STC to reduce benefits for no-TFN tax ......................................................................................... 27 26B Benefits not payable if conversion election made ........................................................................................ 28 26BA Effect of revocation of conversion election ................................................................................................... 29 Part 4A Special provisions for non-contributing
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