New South Wales Consolidated Acts

PARLIAMENTARY CONTRIBUTORY SUPERANNUATION ACT 1971

- As at 8 June 2022 
- Act 53 of 1971 

TABLE OF PROVISIONS

           Long Title

   PART 1 - PRELIMINARY

   1.      Name of Act and commencement
   2.      (Repealed)
   3.      Definitions
   4.      Amendments require certificate of approval

   PART 1A - CLOSURE OF SCHEME FROM 2007 GENERAL ELECTION

   4A.     Closure of Parliamentary Contributory Superannuation Scheme

   PART 2 - ADMINISTRATION

           Division 1 - The Parliamentary Contributory Superannuation Fund

   5.      Parliamentary Contributory Superannuation Fund
   6.      Payments into and out of the Fund
   7.      Financial arrangements
   8.      Investment strategy
   9.      (Repealed)
   10.     Actuarial investigations
   10A.    Interim actuarial investigation
   11.     Payments by Treasurer into the Fund
   12.     (Repealed)
   13.     Cheques

           Division 2 - The Trustees of the Fund

   14.     Trustees of the Fund
   14A.    Trustees to be a body corporate
   15.     Functions of trustees
   15A.    Trustees may delegate their functions
   15B.    Staff of the trustees
   15C.    Trustees may establish committees
   16.     Meetings of trustees
   17.     Appointment of person to act in absence of Secretary of the Treasury
   17A.    Indemnification of trustees etc

   PART 3 - CONTRIBUTIONS, PENSIONS AND BENEFITS

   18.     Deductions from salaries of members
   18AA.   Salary sacrifice contributions
   18A.    Acceptance of contributions
   18B.    Election to cease salary deductions on reaching age 65
   19.     Members' superannuation benefit
   19AA.   Member or former member charged with or convicted of serious offence
   19A.    Variation of certain annual pensions
   19B.    Deferral of certain pensions
   19C.    Calculation of deferred pension
   19D.    Payment of deferred pension in cases of hardship
   19E.    Payment on grounds of ill-health or incapacity
   19F.    Applications for payment of deferred pensions
   20.     Right to convert pension to lump sum entitlement
   21.     Provisions applicable when the person becomes a member after receiving a pension as a former member
   21A.    Interpretation of annual pension entitlement for purposes of secs 20, 21 and 25
   21B.    Calculation of pensions following conversion to lump sum
   22.     Pension on retirement on grounds of ill-health
   22A.    Contributors not entitled to pension
   22B.    Compulsory preservation of benefits
   22BA.   Payment of compulsorily preserved benefit
   22C.    (Repealed)
   23.     Pension for spouses or de facto partners
   23A.    Right of certain spouses or de facto partners to convert part of pension entitlement to lump sum entitlement
   23B.    Pension for children
   24.     Repayments where person again becomes member
   25.     Termination or suspension of pension if recipient becomes a member of Parliament
   26.     Suspension of pension where another parliamentary pension received
   26A.    (Repealed)
   26B.    Payment of benefit to Fund by former federal members
   26BA.   Other payments to Fund by former federal members
   26C.    Calculation of benefits for former federal members
   26D.    Power of trustees to adjust benefits in relation to certain liabilities
   27.     Minimum benefit
   27A.    Power of trustees to adjust benefits to comply with certain standards relating to superannuation
           27B, 27C. (Repealed)
   28.     Pensions to be paid by instalments
   28A.    Payment or release of benefit in other circumstances
   28B.    Payment or release of benefit on compassionate grounds
   28C.    Adjustment of benefit
   28D.    Commutation of pensions for adjustment of benefit
   28E.    Payment of benefit to members who have attained 65 years

   PART 4 - TRANSITIONAL PROVISIONS

   29.     Continuation of former Act in certain circumstances

   PART 4A - PROVISIONS RELATING TO FAMILY LAW SUPERANNUATION LEGISLATION

   29A.    Definitions
   29B.    Payment of benefits where superannuation interests affected by flagging order or payment split
   29C.    Payment splits
   29D.    Reduction of benefits of member spouses
   29E.    Regulations

   PART 5 - MISCELLANEOUS

   30.     Compliance with superannuation guarantee legislation
   30A.    Application of section 30 to period from 1.7.1992
   30B.    Competing claims for spouses' or de facto partners' benefits
   31.     Exemption from stamp duty
   31A.    Payments to cover superannuation contributions surcharge
   31B.    Repayment of excess payments
   32.     Non-assignability of benefits
   32A.    Information that must be disclosed to members
   32B.    Provision of information to Insurance and Superannuation Commissioner
   32C.    Member who dies on polling day
   32D.    Nominating commencement date of pension
   33.     Regulations
   34.     Savings and transitional provisions consequent on Superannuation Legislation Amendment Act 1996
   35.     Savings, transitional and other provisions
           SCHEDULE 1
           SCHEDULE 2