Superannuation Act 1916

Whenever an employer makes or has made a contribution to the Fund in respect of a contribution period beginning on or after 1 July 1988, STC must ensure that the contribution is credited to the appropriate employer reserve.

STC must ensure that there is credited to the appropriate employer reserve any fees paid to STC arising under the family law superannuation legislation or Part 4A.

STC must ensure that there is debited to the appropriate employer reserve—

the portion of any benefit payable to or in respect of a contributor in accordance with section 33B (2) (b), and

administration costs incurred by STC under the Superannuation Administration Act 1996 or the family law superannuation legislation or Part 4A in relation to—

the employer (or an employer to whom the reserve relates), and

contributors who are employees of that employer, and

the amounts of tax (if any) that may become payable under a Commonwealth taxation law in respect of contributions to the reserve that are attributable to the employer or an employer to whom the reserve relates, and

the portion of any amount under the family law superannuation legislation or Part 4A that is payable to or in respect of a non-contributor spouse from the employer reserve in accordance with section 33B (2A), and

any other amounts that are properly payable from the reserve.