New South Wales Consolidated Regulations

SUPERANNUATION ADMINISTRATION (ELECTRICITY SUPERANNUATION SCHEME TRANSITIONAL PROVISIONS) REGULATION 1997

- Made under the Superannuation Administration Act 1996
- As at 1 May 2006
- Reg 294 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

   5.      Transfer of employees
   5A.     Transfer of certain employees only of Pacific Power
   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.     Transfer of payment of certain pensions
   12.     Effect of transfers
   13.     Adjustment of transfers
   14.     Status of employers

   PART 3 - TRANSFER OF ASSETS AND LIABILITIES

   15.     Transfer of assets to EISS
   15A.    Transfer of liabilities

   PART 4 - ADMINISTRATION AND INVESTMENT SERVICES

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

   PART 5 - MOBILITY BETWEEN SCHEMES

           Division 1 - Preliminary

   18.     Definitions
   18A.    Application of Part

           Division 2 - Eligibility to exercise transfer option

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

           Division 3 - Transfer of employment

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

           Division 4 - Exercise of transfer option

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

           Division 5 - Transfer of assets on exercise of transfer option

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

           Division 6 - Rights of persons exercising transfer option

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

   PART 6 - DETERMINATION OF DISPUTES

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