South Australian Numbered Acts

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

PARLIAMENTARY SUPERANNUATION (SCHEME FOR NEW MEMBERS) AMENDMENT ACT 2005 (NO 43 OF 2005) - SECT 8

8—Amendment of section 13—The Fund

        (1)         Section 13—after subsection (3) insert:

        (3a)         The Superannuation Funds Management Corporation of South Australia must establish a distinct part of the Fund under the name PSS 3—Government Contributions Division .

        (2)         Section 13(4)(b)—delete paragraph (b) and substitute:

            (b)         periodic contributions to ensure that the entitlements of PSS 1 and PSS 2 members are fully funded as required; and

            (c)         any amount that is received by the Treasurer under this Act on account of money carried over from another superannuation fund or scheme and to be paid into a rollover account of a member; and

            (d)         the contributions required under section 14C (to be held in the PSS 3—Government Contributions Division); and

            (e)         any amount that is required to be paid to satisfy the payment of an invalidity/death insurance benefit; and

            (f)         any other amount that must be credited to the Fund by the Treasurer under another provision of this Act.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback