Tasmanian Numbered Acts

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BELL BAY POWER STATION ACT 2004 (NO. 38 OF 2004) - SECT 21

Superannuation
(1)  Subject to subsection (2) , while the Crown has beneficial ownership of all the shares in the Company, the Company may make contributions to one or more superannuation schemes that comply with the law of the Commonwealth relating to superannuation and may participate in the superannuation scheme provided by the Retirement Benefits Act 1993 or the Public Sector Superannuation Reform Act 1999 .
(2)  Subsection (1) only authorises the Company to participate in a superannuation scheme referred to in that subsection in respect of an employee of the Company if, were the Company a Government department, that employee would be eligible to participate in that superannuation scheme.
(3)  If the Company participates in either of the superannuation schemes referred to in subsection (1) , those of its employees who are subject to the superannuation scheme are taken to be employed by the State for the purposes of the Retirement Benefits Act 1993 or the Public Sector Superannuation Reform Act 1999 .
(4)  A contribution made by the Company to a superannuation scheme referred to in subsection (1) in respect of any of its employees is not to be in excess of the rate specified in section 6(7) of the Public Sector Superannuation Reform Act 1999 .
(5)  The Company may not establish a superannuation scheme.
(6)  If the Company participates in a superannuation scheme provided by the Retirement Benefits Act 1993 or the Public Sector Superannuation Reform Act 1999 , the Company is to comply with any instruction relating to superannuation given to it by the Minister administering those Acts.


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