Northern Territory Numbered Acts Northern Territory Numbered ActsPart 3, Division 2
repeal, insert
The Northern Territory Government and Public Authorities Employees' Superannuation Fund is discontinued.
(1) The Commissioner may recover money owing to an accumulation account by an eligible employee or other person.
(2) The amount may be recovered as if it were a debt due and payable to the Territory, except in the case of unpaid contributions.
(3) In the case of an eligible employee, the amount may be recovered:
(a) by deduction from the employee's salary in accordance with subsection (4); and
(b) by such instalments, and at such times, as the Commissioner determines as if the amount were public moneys within the meaning of the Financial Management Act ; and
(c) in accordance with the Treasurer's directions under section 38 of that Act.
(4) An employer must, at the request in writing of the Commissioner:
(a) make deductions from an eligible employee's salary under subsection (3)(a); and
(b) pay the amount of the deductions to the employee's accumulation account.
(5) An amount deducted and paid under subsection (4) is taken to have been paid to the accumulation account by the eligible employee from whose salary the deduction was made.
(6) Any other amount recovered under this section from a person is to be paid to the person's accumulation account.
(1) The Commissioner must prepare, for the Minister, an annual report on the operation and management of each NTG Scheme during the financial year.
(2) The annual report must be given to the Minister within 6 months after the end of the financial year or within such other period as determined by the Minister.
(3) The Minister must table the report in the Legislative Assembly within 6 sitting days after the Minister receives it.