Local Government Superannuation Act Amendment Act 1974 (Qld)

517 (llrmstaitlr ANNO VICESIMO TERTIO ELIZABETHAE SECUNDAE REGINAE No. 52 of 1974 An Act to amend The Local Government Superannuation Act of 1964, as subsequently amended, in certain particulars [ASSENTED TO 27TH SEPTEMBER. 1974] BE IT ENACTED by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows:- 1. Short title and citation . (1) This Act may be cited as the Local Government Superannuation Act Amendment Act 1974. (2) In this Act The Local Government Superannuation Act of 1964 as subsequently amended is referred to as the Principal Act. (3) The Principal Act as amended by this Act may he cited as the Local Government Superannuation Act 1964-1974. 2. Amendment of s. 21 . Section 21 of the Principal Act is amended by- (a) omitting from subsection (1) the first paragraph ending with the words " increase in salary:" and substituting the following paragraph:- "When as at 1 January in any year (hereafter in this section called the " said date ") the salary of a permanent employee to whom this Part applies exceeds by an amount of at least $100.00 per annum his salary at the date of his first effecting insurance

518 Local Government Superannuation Act Amendment Act 1974. No. 52 under this Part or at the date of the last adjustment of his insurance cover under this section (whichever event last occurred), he shall, within the prescribed time, effect additional insurance with the insurer for such an amount as will be procured, having regard to the then age of the employee, by the payment of additional premium equal to seven per centum of such excess:"; (b) in the proviso contained in subsection (1), (i) omitting the words " such increase in salary " where they occur in provision (i) and substituting the words " the said date "; (ii) omitting the words " such increase " wherever they occur in the general words following provision (iii) and substituting in each case the words " the said date "; (c) in subsection (2), inserting after the words " under this section the brackets and words " (whichever event last occurred) ". 3. Amendment of s. 46. Section 46 of the Principal Act is amended by omitting subsection (1) and substituting the following subsection:- " (1) When as at 1 January in any year the salary of a permanent employee to whom this Part' applies exceeds by an amount of at least $100.00 per annum his salary at the date of the first contribution to the Fund in respect of him or at the date of the last adjustment of contribution to the Fund in respect of him (whichever event last occurred), the annual contribution to the Fund in respect of such employee shall be increased by an amount equal to seven per centum of such excess.".