Superannuation Administration Act 1996

The principal functions of STC are—

to administer the STC schemes, and

to invest and manage the STC funds, and

to provide for the custody of the assets and securities of the STC schemes, and

to ensure that benefits payable to the persons entitled to receive benefits under the STC schemes are paid in accordance with the Acts under which the schemes are established or constituted, and

to determine disputes under those Acts, and

to exercise such other functions with respect to the STC schemes and STC funds as the Minister may from time to time approve by order in writing.

The Minister may in an order for the purposes of subsection (1) (f), direct that a function specified in the approval may be exercised by STC directly or only by entering into a contract or arrangement under section 53 with SAC or (if the direction so provides) with a person of STC’s choosing, under which SAC or that person undertakes to carry out the function on behalf of STC.

STC has such other functions as may be conferred or imposed on it by or under this or any other Act.

(Repealed)