Superannuation Administration Act 1996

STC is to have a Board consisting of 8 part-time members and 1 full-time member appointed by the Minister.

Of the members—

1 is to be appointed as Chairperson of the STC Board, and

4 are to be appointed as employer representatives, and

4 are to be appointed as employee representatives.

Of the members appointed as employee representatives, 1 is to be a full-time member.

Schedule 2 has effect with respect to the members and procedure of the Board.

The STC Board has the function of managing and controlling the affairs of STC.

Any act, matter or thing done in the name of, or on behalf of, STC by the STC Board is taken to have been done by STC.