(1)  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 a superannuation scheme provided by the Retirement Benefits Act 1993 or the Public Sector Superannuation Reform Act 1999 and, if it does so participate in either of those schemes, it is taken to be a prescribed authority for the purposes of those Acts in respect of any of its employees who are subject to the scheme.

(2)  A contribution made to a complying superannuation scheme in accordance with subsection (1) in respect of any of its employees, including transferred employees within the meaning of section 10 of the TOTE Tasmania (Transitional and Consequential Provisions) Act 2000 , is not to be in excess of the rate specified in section 6(7) of the Public Sector Superannuation Reform Act 1999 .

(3)  The Company must not establish a superannuation scheme.

(4)  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 must comply with any instruction relating to superannuation given to it by the Minister responsible for the administration of those Acts.

(5)  The Company must make adequate provision to meet its liability under the Retirement Benefits Act 1993 to pay pension and other benefits in respect of all former employees of TAB.

(6)  Where an employee of TAB is a member of a scheme established or maintained by TAB, nothing in this Act affects his or her entitlements as such a member.

(7)  The Company may not amend the rules of a scheme established or maintained by TAB otherwise than with the written approval of the Treasurer.