Provisions consequent on extension of superannuation schemes to additional persons
127 Provisions consequent on extension of superannuation schemes to additional persons
Regulations may be made for or with respect to the following matters, in relation to the extension of the application of a superannuation scheme established under a trust deed approved by the Minister under section 125 (the trust deed scheme) to additional persons—
the transfer of any such persons who are members or former members of, or contributors or former contributors to, an STC scheme from that scheme to the trust deed scheme,
the rights of the persons (if any) to remain as members of, or contributors to, an STC scheme,
the transfer of assets and liabilities of an STC scheme, in respect of any such persons who are transferred members or contributors or former members or contributors, to the trust deed scheme,
the payment of pensions and other benefits in respect of any such persons who are former members of, or former contributors to, an STC scheme under the trust deed scheme,
the preservation or deferral of benefits of persons transferring to the trust deed scheme,
the entitlements, rights and obligations of any such persons who are members or former members of, or contributors or former contributors to, an STC scheme,
liability for payment of employer contributions, benefits, insurance premiums or other employer superannuation liabilities payable during any period, or in respect of any period, during which a transfer option may be exercised (whether or not that option is exercised).
A regulation made under this section has effect despite any provision of an Act under which an STC scheme is constituted.
This provision refers to the regulations (A regulation
). Made under this Act:
- Superannuation Administration (Cbus Transitional Provisions) Regulation 2022
- Superannuation Administration (Electricity Superannuation Scheme Transitional Provisions) Regulation 1997
- Superannuation Administration (Local Government Superannuation Scheme Transitional Provisions) Regulation 1997
1 more instrument made under this Act are listed on the Act’s overview.
This Act’s bill:Explanatory memorandumSecond reading speech
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