South Australian Current Acts

SUPERANNUATION FUNDS MANAGEMENT CORPORATION OF SOUTH AUSTRALIA ACT 1995 - NOTES

Legislative history

Notes

• Please note—References in the legislation to other legislation or instruments or to titles of bodies or offices are not automatically updated as part of the program for the revision and publication of legislation and therefore may be obsolete.

• Earlier versions of this Act (historical versions) are listed at the end of the legislative history.

• For further information relating to the Act and subordinate legislation made under the Act see the Index of South Australian Statutes or www.legislation.sa.gov.au.

Legislation amended by principal Act

The Superannuation Funds Management Corporation of South Australia Act 1995 amended the following:

Parliamentary Committees Act 1991

Police Superannuation Act 1990

Southern State Superannuation Act 1994

Superannuation Act 1988

Principal Act and amendments

New entries appear in bold.

Year	No	Title	Assent	Commencement
1995	38	Superannuation Funds Management Corporation of South Australia Act 1995	27.4.1995	1.7.1995 (Gazette 25.5.1995 p2199)
1996	77	Superannuation Funds Management Corporation of South Australia (Liability to Taxes, etc.) Amendment Act 1996	21.11.1996	21.11.1996
1998	66	Southern State Superannuation (Merger of Schemes) Amendment Act 1998	10.9.1998	1.7.1998: s 2
1999	8	Parliamentary Superannuation (Establishment of Fund) Amendment Act 1999	18.3.1999	1.7.1998: s 2
2005	44	Superannuation Funds Management Corporation of South Australia (Miscellaneous) Amendment Act 2005	22.9.2005	13.10.2005 (Gazette 13.10.2005 p3699)
2006	5	Superannuation (Administered Schemes) Amendment Act 2006	23.6.2006	Sch 1 (cll 1—4)—23.6.2006
2006	43	Statutes Amendment (Domestic Partners) Act 2006	14.12.2006	Pt 84 (s 210)—1.6.2007 (Gazette 26.4.2007 p1352)
2009	27	Southern State Superannuation Act 2009	11.6.2009	Sch 1 (cl 7)—1.8.2009 (Gazette 23.7.2009 p3282)
2009	58	Statutes Amendment (National Industrial Relations System) Act 2009	26.11.2009	Pt 16 (s 44)—1.1.2010 (Gazette 17.12.2009 p6351)
2009	84	Statutes Amendment (Public Sector Consequential Amendments) Act 2009	10.12.2009	Pt 153 (ss 348—350)—1.2.2010 (Gazette 28.1.2010 p320)
2012	37	Statutes Amendment and Repeal (Superannuation) Act 2012	25.10.2012	Pt 8 (ss 26—29) & Sch 1 (cl 1)—19.11.2012 (Gazette 15.11.2012 p5007)
2022	15	Superannuation Funds Management Corporation of South Australia (Investment in Russian Assets) Amendment Act 2022	27.10.2022	25.11.2022 (Gazette 24.11.2022 p6688)

Provisions amended

New entries appear in bold.

Entries that relate to provisions that have been deleted appear in italics.

Provision	How varied	Commencement
Long title	amended under Legislation Revision and Publication Act 2002	13.10.2005
Pt 1
s 2	omitted under Legislation Revision and Publication Act 2002	13.10.2005
s 3
s 3(1)
approved authority	inserted by 44/2005 s 4(1)	13.10.2005
contributor	amended by 37/2012 s 26(1), (2)	19.11.2012
domestic partner	inserted by 43/2006 s 210(1)	1.6.2007
eligible superannuation fund	inserted by 44/2005 s 4(2)	13.10.2005
the funds	amended by 44/2005 s 4(3)	13.10.2005
	substituted by 5/2006 Sch 1 cl 1	23.6.2006
nominated funds	inserted by 44/2005 s 4(4)	13.10.2005
prescribed public authority	inserted by 44/2005 s 4(5)	13.10.2005
public authority	inserted by 44/2005 s 4(5)	13.10.2005
public sector superannuation funds	amended by 66/1998 s 33	1.7.1998
	amended by 8/1999 s 10	1.7.1998
	amended by 44/2005 s 4(6)	13.10.2005
	(caa) deleted by 27/2009 Sch 1 cl 7(1)	1.8.2009
	amended by 27/2009 Sch 1 cl 7(2)	1.8.2009
relative	amended by 43/2006 s 210(2)	1.6.2007
spouse	substituted by 43/2006 s 210(3)	1.6.2007
s 3(2)	amended by 43/2006 s 210(4)	1.6.2007
s 3(6)	inserted by 44/2005 s 4(7)	13.10.2005
Pt 2
s 5	amended by 44/2005 s 5	13.10.2005
	amended by 5/2006 Sch 1 cl 2	23.6.2006
s 5A	inserted by 44/2005 s 6	13.10.2005
s 7	amended by 44/2005 s 7	13.10.2005
Pt 3
s 10
s 10(5)	amended by 37/2012 s 27	19.11.2012
ss 14—18	deleted by 84/2009 s 348	1.2.2010
Pt 5
s 20
s 20(2)	amended by 44/2005 s 8(1), (2)	13.10.2005
s 20(6)	deleted by 44/2005 s 8(3)	13.10.2005
s 20A	inserted by 44/2005 s 9	13.10.2005
s 20B	inserted by 5/2006 Sch 1 cl 3	23.6.2006
s 20B(1)	amended by 37/2012 s 28	19.11.2012
s 21	substituted by 44/2005 s 10	13.10.2005
s 21(3)—(6)	inserted by 15/2022 s 3	25.11.2022
Pt 6
s 26
s 26(2)	substituted by 44/2005 s 11	13.10.2005
s 26(3a)	inserted by 5/2006 Sch 1 cl 4	23.6.2006
s 27
s 27(1)	amended by 44/2005 s 12(1)	13.10.2005
s 27(4)	amended by 44/2005 s 12(2)	13.10.2005
s 28	amended by 44/2005 s 13	13.10.2005
Pt 7
s 29	substituted by 44/2005 s 14	13.10.2005
s 30
s 30(2)	amended by 44/2005 s 15(1), (3)—(5)	13.10.2005
	(b) deleted by 44/2005 s 15(2)	13.10.2005
s 30(3)	amended by 44/2005 s 15(6)	13.10.2005
Pt 8
s 31
s 31(3)	inserted by 58/2009 s 44	1.1.2010
s 32	deleted by 84/2009 s 349	1.2.2010
s 34	deleted by 84/2009 s 350	1.2.2010
s 37	substituted by 77/1996 s 2	21.11.1996
s 39
s 39(2)	amended by 44/2005 s 16(1), (2)	13.10.2005
	amended by 37/2012 s 29	19.11.2012
Sch 2	omitted under Legislation Revision and Publication Act 2002	13.10.2005

Transitional etc provisions associated with Act or amendments

Superannuation (Administered Schemes) Amendment Act 2006, Sch 1

5—Interpretation

In this Part—

principal Act means the Superannuation Act 1988.

6—Transitional provision

Subsections (2) and (3) of section 56 of the principal Act (as enacted by this Act) do not apply with respect to a matter where the relevant time limit expired, or the procedural step was required to be taken, before the commencement of this clause unless the South Australian Superannuation Board is satisfied, on application by a person seeking to obtain the benefit of this clause, that the failure to comply with the time limit or procedural step was attributable to a person's physical or mental disability at the relevant time.

Statutes Amendment and Repeal (Superannuation) Act 2012, Sch 1—Transitional provisions

1—Superannuation Act and Superannuation Funds Management Corporation of South Australia Act

(1) Regulations made under the Superannuation Act 1988 or the Superannuation Funds Management Corporation of South Australia Act 1995 before the commencement of this clause are to be read as if the amendments to the regulation making powers under those Acts effected by this Act had been in force when the regulations were made.

(2) The person holding the office of elected member of the South Australian Superannuation Board pursuant to section 8(1)(b) of the Superannuation Act 1988 (the principal Act) immediately before the commencement of section 20 of this Act will, despite the amendments effected by that section, continue to hold office for the balance of his or her term of election (subject to any provision of the principal Act relating to the conditions of his or her office).

(3) The person holding the office of elected member of the board of directors of the Superannuation Funds Management Corporation of South Australia pursuant to section 9(2)(a) of the Superannuation Funds Management Corporation of South Australia Act 1995 (the principal Act) immediately before the commencement of section 26 of this Act will, despite the amendments effected by that section, continue to hold office for the balance of his or her term of election (subject to any provision of the principal Act relating to the conditions of his or her office).

Historical versions

Reprint No 1—21.11.1996
Reprint No 2—10.9.1998
Reprint No 3—18.3.1999
13.10.2005
23.6.2006
1.6.2007
1.8.2009
1.1.2010
1.2.2010
19.11.2012

Appendix—Divisional penalties and expiation fees

At the date of publication of this version divisional penalties and expiation fees are, as provided by section 28A of the Acts Interpretation Act 1915, as follows:

Division	Maximum imprisonment	Maximum fine	Expiation fee
1	15 years	$60 000	—
2	10 years	$40 000	—
3	7 years	$30 000	—
4	4 years	$15 000	—
5	2 years	$8 000	—
6	1 year	$4 000	$300
7	6 months	$2 000	$200
8	3 months	$1 000	$150
9	–	$500	$100
10	–	$200	$75
11	–	$100	$50
12	–	$50	$25

Note: This appendix is provided for convenience of reference only.