State Authorities Non-contributory Superannuation Act 1987 Order amending Act (1993-643) [GG No 142 of 24.12.1993] (NSW)

1993—No. 643

STATE AUTHORITIES NON-CONTRIBUTORY

SUPERANNUATION ACT 1987—ORDER

NEW SOUTH WALES

[Published in Gazette No. 142 of 24 December 1993]

(L.S.) P. R. SINCLAIR, Governor.

I, Rear Admiral PETER ROSS SINCLAIR, A.C., Governor of the State
of New South Wales, with the advice of the Executive Council, and in

pursuance of section 27 of the State Authorities Non-contributory Superannuation Act 1987, do, by this my Order, amend Schedule 1 to that Act (Employers), with effect on and from the transfer date specified by order made under clause 3 of Schedule 3 to the Financial Institutions Commission Act 1992, by inserting, at the end of Part 1 of Schedule 1 to the State Authorities Non-contributory Superannuation Act 1987, the following name and limitation:

Financial Institutions Commission

(limited to those persons:

(a)	who, being employees for the purposes of this Act, were employed in the Registry of Co-operatives, Department of Local Government and Co-operatives, immediately before the transfer date specified in the order by which their employment was transferred to that Commission in accordance with clause 3 of Schedule 3 to the Financial Institutions Commission Act 1992; and
(b)	who did not, before that transfer date, request the Board to pay their benefits to another superannuation scheme or did not, on that date, become eligible under another superannuation scheme for a benefit of the same kind as that provided by this Act)

1993—No. 643

Signed at Sydney, this 22 day of December 1993.

By His Excellency’s Command,

KERRY CHIKAROVSKI, M.P.,

Minister for Industrial Relations and Employment.

EXPLANATORY NOTE

Under the State Authorities Non-contributory Superannuation Act 1987 employers within the meaning of the Act are required to make superannuation contributions to the State Authorities Non-contributory Superannuation Fund in respect of certain of their employees. Schedule 1 to the Act lists organisations and bodies that are employers for the purposes of the Act. Section 27 of the Act authorises the Governor-in-Council, by Order, to amend the Schedule in certain cases. The purpose of this Order is to amend the Schedule so as to include the New South Wales Financial Institutions Commission in the list of employers. However, the Act will apply only to those employees of the Commission who have not, before being transferred to the Commission, requested the Board to pay their benefits to another superannuation scheme or have not, on the date of their transfer, become eligible under another superannuation scheme for a benefit of the same kind as that provided by the Act.

The Order takes effect on and from the transfer date specified in the order by which the employment of those employees is transferred to that Commission in accordance with clause 3 of Schedule 3 to the Financial Institutions Commission Act 1992.