New South Wales Consolidated Acts
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Download]
[History]
[Help]
SUPERANNUATION ADMINISTRATION ACT 1996
- As at 5 December 2023
- Act 39 of 1996
TABLE OF PROVISIONS
Long Title
PART 1 - PRELIMINARY
1. Name of Act
2. Commencement
3. Objects of Act
4. Definitions
5. (Repealed)
6. Notes in text
PART 2 - (Repealed)
None
PART 3 - TRUSTEE FOR STC SCHEMES (STC)
Note
Division 1 - Establishment and principal functions of STC
48. Continuation of STC (formerly the State Authorities Superannuation Board)
49. STC to be trustee for STC schemes
50. Principal functions of STC
51. Duties relating to functions
52. Government policy statements to be laid before Parliament
53. Power to enter into contracts or arrangements
54. Minister's consent required
55. STC to be subject to Minister's directions in certain circumstances
56. Direction to be laid before Parliament
57. Powers of STC
Division 2 - Investment of STC funds
58. Investment strategy
59. Investment manager to be appointed
60. Mandated investment managers
61. (Repealed)
62. Borrowing and investment powers
63. Restrictions on investment powers
Division 3 - Administration of STC schemes
64. Administrator to be appointed
65. Provision of additional benefits
66. STC may compromise or settle claims
67. Determination of disputes
68. Evidence from third parties
Division 4 - Management of STC
69. STC Board
70. Chairperson of STC Board
71. Employer representative members
72. Employee representative members
73. Duties of members of STC Board
74. Chief executive officer of STC
75. Staff
76. Agents
77. Delegation of functions
78. Committees
79. Corporate plan
80. Personal and other liability
80A. STC not to indemnify officers without Ministerial approval
Division 5 - Financial provisions
81. Amalgamation of funds and adjustment of accounts
81A. Adjustment of employer reserves for surplus funds
82. Re-establishment of separate funds and subsequent amalgamation
83. Powers of STC
84. STC to maintain administration account
85. Administration costs generally
86. Source of administration costs
87. Financial year of STC
Division 6 - Miscellaneous
88. Appeals
89. STC Board must report events affecting functions
90. Provision of information to relevant Ministers
90A. (Repealed)
91. Accounts and records of STC
92. Service of documents
93. Proof of certain matters not required
94. Recovery of amounts payable by STC
95. Seal of STC
PART 4 - MONITORING STC
96. Definition
97. Information to be given to Minister and authorised persons
98. Minister and authorised persons may require production of books
99. Access to premises
100-118. (Repealed)
PART 5 - OFFENCES AND REMEDIES RELATING TO OFFICERS
119. Duties and liabilities of persons involved in management
120. Recovery of profits from officers
121. Contraventions of trustee duties
122. Defence relating to investment strategy
123. Defence relating to management of reserves
124. Defences relating generally to actions arising from breach of duties
PART 6 - PUBLIC SECTOR SCHEMES
125. Additional State public sector superannuation schemes
126. Provisions consequent on establishment of additional superannuation schemes
126A. Mobility between public sector schemes and LGSS
127. Provisions consequent on extension of superannuation schemes to additional persons
PART 7 - SUCCESSOR FUNDS
127AA. Definitions
127A. Transfers from STC schemes to successor funds
127B. Transfers from EISS and LGSS to successor funds
128. Mobility between public sector schemes and successor funds
128A. Regulations about mobility between funds
128B. Part has effect despite other Acts and trust deeds
PART 8 - MISCELLANEOUS
128C. Conversion of FSS Trustee Corporation into proprietary company
129. Regulations
129A. Prudential standards or reporting and auditing requirements
129B. Act binds Crown
129C. Proceedings for offences
130. Repeals
131. Savings and transitional provisions
132. (Repealed)
133. Review of Act
Schedule 1 (Repealed)
SCHEDULE 2
SCHEDULE 2A
SCHEDULE 3
Schedule 4 (Repealed)
AustLII: Copyright Policy
| Disclaimers
| Privacy Policy
| Feedback