(1) A local government may--
(a) establish and amend a superannuation scheme for its councillors; or
(b) take part in a superannuation scheme for its councillors.
(2) If it does so, the local government may pay an amount from its operating fund to the superannuation scheme as a contribution for its councillors.
(3) However, the local government must not make contributions to the superannuation scheme--
(a) of more than the proportion of a salary that is payable by the local government for its standard permanent employees under the LG super scheme; or
(b) for a person who is no longer a councillor.
(4) A councillor of the local government may enter into an arrangement with the local government under which--
(a) the councillor agrees to forgo a percentage or amount of the remuneration that the councillor is entitled to as a councillor; and
(b) the local government agrees to contribute the percentage or amount to the superannuation scheme for the councillor.
(5) A superannuation scheme is a superannuation scheme that complies with the Commonwealth Super Act.