s 10
In forceDeed to establish PSSAP etc
Part 2The Trust Deed
10 Deed to establish PSSAP etc
(1)
Before 1 July 2005, the Minister must, for and on behalf of the Commonwealth, by deed:
(a)
establish a superannuation scheme that:
(i)
is to be known as the Public Sector Superannuation Accumulation Plan; and
(ii)
may also be known as PSSAP; and
(iii)
is for the benefit of persons who will be members of PSSAP; and
(b)
establish, and vest in the Board, a fund for the purposes of PSSAP; and
(c)
set out the functions and powers of the Board in relation to PSSAP and the PSSAP Fund.
(2)
The deed under subsection (1) is a legislative instrument, but section 42 (disallowance) of the Legislation Act 2003 does not apply to the deed.
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