South Australian Numbered Acts

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STATUTES AMENDMENT (MEMBERS' BENEFITS) ACT 2010 (NO 15 OF 2010) - SECT 18

18—Insertion of section 36

Before section 36A insert:

36—Additional invalidity/death insurance

        (1)         A member of Parliament who is a PSS 3 member (other than solely by virtue of section 7F) may elect, in a manner and form determined by the Board, to take out voluntary invalidity/death insurance provided under the Southern State Superannuation Act 2009 .

        (2)         Premiums payable in respect of such insurance are to be paid, and credited to the Triple S scheme, in accordance with the regulations.

        (3)         The regulations may make further provision with respect to the taking out of voluntary invalidity/death insurance in connection with elections under subsection (1).

        (4)         The provision of voluntary invalidity/death insurance under the Southern State Superannuation Act 2009 to a member who makes an election under subsection (1) is to be subject to terms and conditions prescribed by regulations made under that Act.

        (5)         If a member who elects to take out voluntary invalidity/death insurance provided under the Southern State Superannuation Act 2009 is not a member of the Triple S scheme at the time of making the election—

            (a)         he or she becomes a member of the Triple S scheme on making the election; but

            (b)         his or her membership is subject to terms and conditions prescribed by regulations made under the Southern State Superannuation Act 2009 .

        (6)         In this section—

"Triple S scheme" means the Southern State Superannuation Scheme continued in existence by the Southern State Superannuation Act 2009 .



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