Superannuation
7 Superannuation
An officer of a former campus who, pursuant to this Part, becomes an officer of the University—
may continue to contribute to any superannuation scheme to which the person was a contributor immediately before becoming an officer of the University, and
is entitled to receive any payment, pension or gratuity accrued or accruing to the person under any such scheme, as if he or she had continued to be such a contributor during his or her service as an officer of the University.
Service by an officer of a former campus as an officer of the University is taken to be service as an officer of the former campus for the purposes of any law under which the officer continues to contribute to any such scheme or by which an entitlement under any such scheme is conferred.
An officer of a former campus who, pursuant to this Part, becomes an officer of the University is regarded as an officer or employee, and the University is regarded as the employer, for the purposes of the superannuation scheme to which he or she is entitled to contribute under this clause.
If a person would, but for this subclause, be entitled under subclause (1) to contribute to a superannuation scheme or to receive any payment, pension or gratuity under any such scheme—
the person is not so entitled on the person’s becoming a contributor to any other superannuation scheme, and
the provisions of subclause (3) cease to apply to or in respect of the person and the University where the person becomes a contributor to any such other superannuation scheme.
Subclause (4) does not prevent the payment to an officer of a former campus, on the officer’s ceasing to be a contributor to a superannuation scheme, of such amount as would have been payable to the officer if the officer had ceased, by reason of resignation, to be such a contributor.
This Act’s bill:Explanatory memorandumSecond reading speech
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