South Australian Current Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

SUPERANNUATION FUNDS MANAGEMENT CORPORATION OF SOUTH AUSTRALIA ACT 1995 - SECT 20

20—Performance plan

        (1)         The Corporation must prepare a draft plan for each financial year in respect of the investment and management of the public sector superannuation funds for that year.

        (2)         The plan must set out—

            (a)         a target for the rate of return on investment and management of the public sector superannuation funds; and

            (b)         strategies for the achievement of that target; and

            (c)         the anticipated operating costs to be incurred by the Corporation during the financial year; and

            (d)         the factors that, in the opinion of the Corporation, will affect or influence the investment and management of the public sector superannuation funds during the year; and

            (e)         such other matters as the Corporation thinks should be included in the plan.

        (3)         The draft plan must be prepared and copies must be submitted to the Minister and the superannuation boards before the commencement of the financial year to which it relates.

        (4)         The Corporation must have regard to any comments made by the Minister or a superannuation board in relation to the draft plan and may, if it thinks that it is necessary or desirable to do so, amend the plan as a result of the comments.

        (5)         The Corporation must provide the Minister and the superannuation boards with a copy of the final plan.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback