STATE AUTHORITIES SUPERANNUATION ACT 1987

New South Wales Consolidated Acts

- As at 14 November 2008
- Act 211 of 1987

TABLE OF PROVISIONS

Long Title

PART 1 - PRELIMINARY

1. Name of Act
2. Commencement
2A. Closure of scheme to new entrants on and from 19 December 1992
2B. Employee may resume contributions after break in employment
2C. Employee over 55 years may contribute after election to preserve benefit after salary reduction
3. Definitions
4. Salary
4A. Salary of executive officers
4B. (Repealed)
5. Secondment of employee otherwise than to employer
6. Part-time employment with more than one employer
7. Employees of Crown etc
8. Provisions respecting certain employees
9. Persons not subject to Act
10. Savings and transitional provisions

PART 2 - THE STATE AUTHORITIES SUPERANNUATION FUND

11. Establishment of the Fund
12. Contributors’ accounts
13. Additional Benefit Reserve Fund
14. Reserves for employers
14A. Additional payments by certain employers
14B. Source of administration costs payments
15. Other accounts and reserves and assets portfolios
16. Adjustment of accounts and reserves for interest etc
16A. Adjustment of employer reserves to take into account death and disability payments
17. Funds, accounts and reserves generally
18. Actuarial investigation

PART 3 - EMPLOYEE CONTRIBUTIONS AND SALARY SACRIFICE CONTRIBUTIONS

19. Election to have employee or salary sacrifice contributions paid to the Fund
19A. Contributions by or on behalf of employees
19B. Amount payable for salary sacrifice contributions to allow for the contributions tax payable
20. Additional benefit
21. Medical examination
22. Approval of application
23. Refusal of application
24. Revocation of approval
25. Liability to contribute
26. Salary basis for contributions
27. Variations of contribution rate
28. Variations of contribution rate: hardship
29. Contributions during leave without pay and other matters
29A. Other contributions by contributors
30. Resumption of contributions after break in employment
30A. Contributor who is executive officer

PART 4 - CONTRIBUTIONS BY EMPLOYERS

31. Contributions by employer under Part 1 of Schedule 1 (The Crown and other employers)
32. Contributions by employer under Part 2 of Schedule 1 (Local government and other authorities)
33. Contributions by employer under Part 3 of Schedule 1 (Hospitals and other bodies)
34. Basis and making of contributions
34A. Variation of employer contributions
35. Transfers of credits between employers of transferred contributors
35A. Acceptance of contributions

PART 5 - BENEFITS

36. Definitions
37. Benefit at or after early retirement or on death at or after early retirement age
38. Benefit on death before early retirement age
39. Benefit on total and permanent invalidity before early retirement age
40. Benefit on partial and permanent invalidity before early retirement age
41. Benefit on resignation, dismissal or discharge before early retirement age
42. Benefit on retrenchment before early retirement age
42A. Benefit on attaining 65 or 70
42AA. Deferral of benefit on retrenchment before early retirement age
42AB. Compulsory preservation of benefits after changeover day
42AC. Payment of compulsorily preserved benefit
42AD. Preserved benefits
43. Deferred benefit
43AA. Deferral of benefit for contributors aged 55 years and over in certain circumstances
43AAA. (Repealed)
43A. Power of STC to purchase annuities etc out of benefit payable under this Act
43AB. Competing claims for spouses’ or de facto partners’ benefits
43B. Release of benefit on grounds of severe financial hardship
43C. Release of benefit on compassionate grounds
43D. Effect on benefits
44. Application for payment of benefit
45. Interest
45A. Power of STC to reduce benefits to offset certain tax liabilities
45AA. Restoration of death benefit previously reduced to offset contribution tax liabilities
45B, 45C. (Repealed)
45D. Compliance with superannuation guarantee legislation
45E. Application of section 45D to period from 1.7.1992

PART 5A - PROVISIONS RELATING TO PRIVATISATION OF EMPLOYERS AND OTHER GOVERNMENT INITIATIVES

46AA. Removal of employers from Act on privatisation
46AAA. Application of Part
46AB. Preservation of benefit for contributors
46AC. Adjustment of employer liability on Government initiative taking effect
46AD. Employer liabilities after Government initiative takes effect

PART 5B - TRANSFER OF ELIGIBLE DEFERRED BENEFITS

46AE. Transfer of eligible deferred benefits

PART 5C - DEATH OR INCAPACITY BENEFITS FOR FIREFIGHTERS

46AF. Definitions
46AG. Application of Part
46AH. Provision to be made with respect to death or incapacity benefits for firefighters

PART 5D - DEATH OR INCAPACITY BENEFITS FOR POLICE OFFICERS

46AI. Definitions
46AJ. Application of Part
46AK. Provision to be made with respect to death or incapacity benefits for police officers

PART 6 - MISCELLANEOUS

46. Employers and employees
47. Employer to provide information
48. Employee or claimant to provide information
49. Making of elections and applications
50. Assignment etc of benefit
51. Payment without grant of probate etc
51A. Restriction on manner of payment of benefit
52. Recovery of money owing to Fund
52A. Payments to cover superannuation contributions surcharge
52B. Repayment of excess payments
53. Restoration of lost right etc under Act
53A. Payment where beneficiary is missing
54. Payment where beneficiary incapable
54A. Information that must be disclosed to contributors
54B. Disputes
55. Regulations
56. Savings and transitional provisions
SCHEDULE 1
SCHEDULE 2
SCHEDULE 3
SCHEDULE 4
SCHEDULE 5
SCHEDULE 6