Superannuation (Former HLIC Employees) Regulations

These Regulations may be cited as the Superannuation (Former HLIC Employees) Regulations.

In these Regulations, the Act means the Superannuation Act 1976.

These Regulations apply to a person who:

is a person to whom section 155B of the Act applies; and

was, immediately before becoming such a person, a Corporation employee within the meaning of the Housing Loans Insurance Corporation (Sale of Assets and Abolition) Act 1990;

other than a person who:

has not received an offer of the kind referred to in subsection 15 (1) of that Act; or

has received such an offer but is a person to whom that subsection does not apply by reason of subsection 15 (2) of that Act.

In its application to and in relation to a person to whom these Regulations apply, the Act is modified as specified in the Schedule.