Public Sector Superannuation Reform Act 2016

Without limiting the generality of section 57(1), regulations must provide – that all benefits provided by the continued scheme, other than temporary incapacity benefits, are to be paid as lump sums; and for the amounts, manner and timing of payment of contributions to the continued scheme; and that the only authorised payments from the continued scheme to the Commission or the State Fire Commission are – for refunds of overpaid contributions; or payments permitted by the SIS Act; and that the State Fire Commission is to pay to the Commission such additional amounts as the Minister, on the recommendation of the Actuary, may direct so as to enable the Commission to meet the Commission's liabilities under this Act.

Before proposed regulations in relation to any of the matters referred to in subsection (1) are submitted to the Governor, the Minister must be satisfied that – the State Fire Commission and the United Firefighters’ Union of Tasmania (Tasmanian Branch) have been consulted in relation to the proposed regulations; and the proposed regulations are consistent with this Act and the SIS Act.

Regulations in relation to any of the matters referred to in subsection (1) must not be made so as to authorise any payment from the continued scheme to the Commission or the State Fire Commission other than – for refunds of overpaid contributions; or payments permitted by the SIS Act.