Northern Territory Numbered Acts

SUPERANNUATION LEGISLATION AMENDMENT ACT 2019 (NO 3 OF 2019)

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY MATTERS

   1.      Short title  
   2.      Commencement  

   PART 2--STAGE 1 AMENDMENTS

   3.      Act amended  
   4.      Part 3, Division 6 heading amended  
   5.      Section 45DE replaced  
   6.      Section 49L replaced  

   PART 3--STAGE 2 AMENDMENTS

           Division 1--Amendments to Legislative Assembly Members' Superannuation Fund Act

   7.      Act amended  
   8.      Section 1 amended (Short title)  
   9.      Section 3 amended (Definitions)  
   10.     Part II replaced  
   11.     Payments and appropriation  
   12.     Delegation  
   13.     Act further amended  

           Division 2--Amendments to Superannuation Act relating to LAMS Scheme

   14.     Act amended  
   15.     Section 3 amended (Interpretation)  
   16.     Section 7 replaced  
   17.     Section 8B amended (Functions and powers of Trustee Board)  
   18.     Section 8TB amended (Apportionment of Trustee Board's general costs)  
   19.     Section 49B amended (Meaning of reviewable decision )  

   PART 4--STAGE 3 AMENDMENTS

           Division 1--Amendments to the Superannuation Act relating to transfer of Fund to successor fund

   20.     Act amended  
   21.     Section 3 amended (Interpretation)  
   22.     Section 6 replaced  
   23.     Section 8B amended (Functions and powers of Trustee Board)  
   24.     Section 8D amended (Review of Trustee Board membership structure)  
   25.     Section 8S amended (Disclosure of personal interest)  
   26.     Section 8TB amended (Apportionment of Trustee Board's general costs)  
   27.     Section 26 amended (Membership)  
   28.     Section 28A amended (Surcharge debt accounts)  
   29.     Section 28B amended (Advance payments to reduce superannuation contributions surcharge)  
   30.     Sections 28 and 29 replaced  
   31.     Section 30 amended (Commissioner may recover employer-financed benefits on behalf of Territory)  
   32.     Section 36 repealed (Portability of benefits)  
   33.     Part 3, Division 2 replaced  
   34.     Section 45D replaced  
   35.     Sections 45DC and 45DD replaced  
   36.     Section 45DF replaced  
   37.     Section 45T amended (Information to be provided by Commissioner)  
   38.     Section 45X amended (Payment without grant of probate etc.)  
   39.     Section 50A replaced  

           Division 2--Amendment of Northern Territory Government and Public Authorities' Superannuation Scheme Rules

   40.     Rules amended  
   41.     Rule 1 amended (Definitions)  
   42.     Rule 5 amended (Contributions)  
   43.     Rule 5B amended (Salary sacrifice)  
   44.     Rule 5C amended (Voluntary contributions)  
   45.     Rule 5D repealed (Co-contributions for low income earners)  
   46.     Rule 6 amended (Age retirement benefit)  
   47.     Rule 6A amended (Benefit at preservation age)  
   48.     Rule 7 amended (Resignation benefit)  
   49.     Rule 8 replaced  
   50.     Rule 9 amended (Death benefit)  
   51.     Rule 10 amended (Invalidity retirement benefit)  
   52.     Rule 13A amended (Crystallisation of benefits)  
   53.     Rule 13B amended (Returned benefits)  
   54.     Rule 13C repealed (Payments from NTSSS or NTPSBS)  
   55.     Rule 13D amended (Deduction of surcharge from preserved benefits)  

   PART 5--STAGE 4 AMENDMENTS

           Division 1--Amendments to Superannuation Act relating to termination of Trustee Board

   56.     Act amended  
   57.     Section 3 amended (Interpretation)  
   58.     Part 2, Division 1A repealed (Superannuation Trustee Board)  
   59.     Section 49B replaced  
   60.     Section 49J amended (Information to be provided to Commissioner or Trustee Board)  
   61.     Section 49K amended (Misleading information)  
   62.     Part 10 inserted  

           Division 2--Amendment of Superannuation Regulations

   63.     Regulations amended  
   64.     Regulation 6 repealed (Trustee Board common seal)  

   PART 6--REPEAL

   65.     Repeal of Act  
           SCHEDULE