Superannuation Act 1916

STC may, on application made in accordance with section 10U, exempt from contributing to the Fund—

any employee who satisfies STC that the employee has made adequate provision for the employee and the employee’s family, or

any person of or above the age of 40 years who becomes an employee.

Where the spouse or de facto partner of a male contributor is also an employee, STC may, on application made by her in accordance with section 10U, exempt her from contributing to the Fund.

STC may, on application made in accordance with section 10U, exempt from contributing to the Fund a woman employee who is eligible for a pension under section 30 or 31.

Where a person who is also an employee is entitled by the terms of the person’s engagement but not as an employee within the meaning of this Act to a special pension on retirement from the person’s employment, then if the value as actuarially determined of the special pension equals or exceeds the value as so determined of the pension under this Act for which the person would, but for this subsection, be entitled to contribute, the person is exempted from contributing to the Fund; but if the value as so determined of the special pension is less than the value as so determined of the pension under this Act, the person shall only be entitled to come under this Act for the purpose of the difference.

STC may exempt from contributing to the Fund any person whose application for exemption from contributing to the Fund—

had been made but not dealt with by STC before 13 January 1977, and

could, in the opinion of STC, have been granted by STC if the Superannuation (Amendment) Act 1976 had not been enacted.

A person exempted from contributing to the Fund at 12 January 1977 continues to be so exempted after that date.

An exemption may not be granted or arise under this section after 1 July 1994. Any exemption in force under this section before that date continues in force.