Queensland Numbered Acts Queensland Numbered Acts(1) The Local Government Superannuation Scheme under the 1993 Act (the LG super scheme) continues in existence under this Act.
(2) The super board must make a trust deed that contains--
(a) the rules that govern the operation of the LG super scheme; and
(b) the matters that, under the Commonwealth Super Act, are required to be contained in the governing rules of regulated superannuation funds within the meaning of that Act.
(3) In particular, the trust deed must provide for--
(a) the yearly contribution that a local government must make for a permanent employee, based on the advice of an actuary; and
(b) the terms and conditions on which the super board must obtain advice from an actuary in relation to the funds that the super board administers.
(4) An actuary is an accredited member, or a fellow, of the Institute of Actuaries of Australia.