Housing Act 2001

The Treasurer may by order in writing transfer a person to whom this Schedule applies from an STC scheme to—

the LGSS, or

another superannuation scheme (whether or not established under an Act) that is designated by the Treasurer for the purposes of this clause by order in writing.

The superannuation scheme to which a person is transferred under this clause is referred to in this Schedule as the new scheme and the person is referred to in this Schedule as a transferred person.

The Treasurer is not to make such an order in respect of a person unless the person has, no later than 3 months after the date on which the person ceased to be employed by the Corporation, elected, by notice in writing given to the Trustee, to transfer to the new scheme.

The Treasurer and STC are to take all necessary steps generally to facilitate the superannuation coverage of transferred persons by the new scheme.

For that purpose, the Treasurer may enter into arrangements with the trustee of the new scheme, including arrangements for the amendment of any relevant trust deed.

Section 127 of the Superannuation Administration Act 1996 does not limit or otherwise affect the operation of this clause and in particular does not prevent the transfer to the LGSS of transferred persons or the superannuation coverage of transferred persons by the LGSS.