New South Wales Consolidated Regulations

SUPERANNUATION ADMINISTRATION (LOCAL GOVERNMENT SUPERANNUATION SCHEME TRANSITIONAL PROVISIONS) REGULATION 1997

- Made under the Superannuation Administration Act 1996
- As at 1 May 2006
- Reg 295 of 1997

TABLE OF PROVISIONS

   PART 1 - PRELIMINARY

   1.      Name of Regulation
   2.      Commencement
   3.      Definitions
   4.      Notes

   PART 2 - TRANSFER OF EMPLOYEES AND OTHER BENEFICIARIES

           Division 1 - Initial transfer of employees and other beneficiaries

   4A.     Application of Division
   5.      Transfer of employees
   6.      Members of First State Superannuation Scheme
   7.      Contributors to State Authorities Superannuation Scheme
   8.      Employees under State Authorities Non-contributory Superannuation Scheme
   9.      Contributors to State Superannuation Scheme
   10.     Members of Public Sector Executives Superannuation Scheme
   11.     Employees of new county councils
   12.     Transfer of payment of certain pensions

           Division 2 - Transfer of additional employees

   12A.    Definition
   12B.    Transfer of employees
   12C.    Transfer of payment of pensions

           Division 3 - Miscellaneous

   13.     Effect of transfers
   14.     Adjustment of transfers
   15.     Status of employers

   PART 3 - TRANSFER OF ASSETS AND LIABILITIES

   16.     Transfer of assets to LGSS
   16AA.   Transfer of assets relating to additional employees
   16A.    Transfer of liabilities

   PART 4 - ADMINISTRATION AND INVESTMENT SERVICES

   17.     Provision of superannuation scheme administration services
   18.     Provision of superannuation investment management services

   PART 5 - MOBILITY BETWEEN SCHEMES

           Division 1 - Preliminary

   19.     Definitions
   19A.    Application of Part

           Division 2 - Eligibility to exercise transfer option

   20.     Relevant public sector employment
   21.     Eligible employees and contributors

           Division 3 - Transfer of employment

   22.     Application of Division
   23.     Contributors to SSS or SASS
   24.     Contributors to the local government superannuation scheme
   25.     Holders of deferred benefits in SSS and SANCSS
   26.     Holders of deferred benefits in SASS and SANCSS
   27.     Holders of deferred benefits in Divisions B and C of local government superannuation scheme
   28.     Holders of deferred benefits in Divisions C and D of local government superannuation scheme
   28A.    Contributors to Police Superannuation Scheme

           Division 4 - Exercise of transfer option

   29.     Manner and form of exercising option
   30.     Provision of information
   31.     Time within which option may be exercised

           Division 5 - Transfer of assets on exercise of transfer option

   32.     Amounts transferable on exercise of option
   33.     Eligible termination payment
   34.     Primary amount
   35.     Supplementary amount

           Division 6 - Rights of persons exercising transfer option

   36.     Duty of trustees to electors
   37.     Trustees to determine rights of electors
   38.     Automatic accrual of certain rights
   39.     Effect of transfers
   40.     Appeal rights

   PART 6 - DETERMINATION OF DISPUTES

   41.     Disputes concerning entitlements or obligations of transferred or former members or associated beneficiaries under FTC schemes
   42.     Disputes concerning entitlements or obligations of transferred or former members or associated beneficiaries under STC schemes
           SCHEDULE 1