Building and Construction Industry Long Service Payments (Investment) Amendment Act 1980 (NSW)

BUILDING A N D C O N S T R U C T I O N I N D U S T R Y L O N G

SERVICE P A Y M E N T S ( I N V E S T M E N T )

A M E N D M E N T A C T , 1980 , N o . 52

ANNO VICESIMO NONO

E L I Z A B E T H E II REGINE

Act N o . 52 , 1980 .

An Act to amend the Building and Construction Industry Long Service Payments Act, 1974, with respect to the investment powers of the Builders Licensing Board. [Assented to, 28th April, 1980.]

BE it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parliament assembled, and by the authority of the same, as follows :—

This Act may be cited as the "Building and Construction

Industry Long Service Payments (Investment) Amendment Act,
1980".

1.

1. (1) This section and section 1 shall commence on the date

of assent to this Act.

(2) Except as provided in subsection ( 1 ) , this Act shall commence on the day on which Schedule 2 to the Superannuation (Amendment) Act, 1980, commences.

3 . The Building and Construction Industry Long Service Payments Act, 1974, is amended by inserting after section 6 ( 1 ) the following subsection :—

(1A) In so far as subsection (1) includes a reference to the provisions of sections 5, 5A and 5B of the Superannuation Act, 1916, the reference is to the provisions of those sections as in force immediately before the commencement of Schedule 2 to the Superannuation (Amendment) Act, 1980.