Definitions
1 Definitions
In this Schedule—
age of retirement has the same meaning in relation to a State Scheme contributor as in the Superannuation Act 1988;
BFC Fund means the Beneficial Finance Corporation Limited Staff Superannuation Fund No. 2 constituted by the trust deed dated 30 July 1971 made between Beneficial Finance Corporation Limited and the then trustee of the Fund, as amended from time to time and in particular by the trust deed dated 29 May 1989 made by Beneficial Finance Corporation Limited;
BSAL Fund means the SBSA Fund as renamed by this Schedule the Bank of South Australia Superannuation Fund;
complying superannuation fund means a complying superannuation fund within the meaning of Part IX of the Income Tax Assessment Act 1936 of the Commonwealth, as amended from time to time, other than the Fund under the Superannuation Act 1988;
date of retrenchment, in relation to an employee, means the date on which the employee's employment ceases on account of retrenchment;
employee includes officer;
fixed establishment officer has the same meaning as in Schedule 2 of the State Bank of South Australia Act 1983;
interim period means the period beginning on the appointed day and ending on 30 June 1999;
packaged officer means an officer of SBSA or BSAL (as the case may be) who has agreed as part of the terms and conditions of his or her employment to be remunerated by reference to a total remuneration package reflecting the cost to the employer of cash salary, nominated benefits and associated fringe benefits tax;
SAAMC Fund means the BFC Fund as renamed by this Schedule the South Australian Asset Management Corporation Superannuation Fund;
salary of a contributor or employee means—
in the case of a State Scheme contributor (except a contributor whose accrued superannuation benefits are preserved)—the contributor's salary for the purpose of calculating contributions under the Superannuation Act 1988 (expressed as an annual amount); or
in any other case—the employee's salary for the purposes of the trust deed governing the BSAL Fund or the SAAMC Fund, whichever of those Funds is the Fund of which the employee is a member (expressed as an annual amount);
SBSA Fund means the State Bank Superannuation Fund constituted by the trust deed dated 15 December 1987 made by SBSA;
State Scheme means the Scheme within the meaning of the Superannuation Act 1988;
State Scheme contributor means a contributor within the meaning of the Superannuation Act 1988;
Superannuation Board means the South Australian Superannuation Board;
transferred means transferred under Part 5 or a corresponding law.
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