Superannuation Act 1916

On or before 30 June 1999, STC must credit to a general employer holding reserve any amounts held in the Fund in holding accounts, other than any such amounts identified by STC as being amounts to be credited to a particular employer, contributor or Crown reserves or reserves for the purposes of superannuation schemes established under other Acts.

STC must, as soon as practicable, credit the whole of the amount held in the general employer holding reserve to the appropriate employer reserves.

The appropriate employer reserves, and the amounts to be credited to the appropriate employer reserves under this section, are to be determined by STC after obtaining actuarial advice.

Nothing in this section prevents an amount credited to a reserve under this section from being adjusted under section 8B.