Superannuation Act 1986 (NT)

NORTHERN TERRITORY OF AUSTRALIA

SUPERANNUATION ACT 1986

As in force at 3 March 2023

NORTHERN TERRITORY OF AUSTRALIA

As in force at 3 March 2023

SUPERANNUATION ACT 1986

An Act to provide for the administration of various superannuation schemes for certain public sector employees and other persons, and for related purposes

• (1)

  Sections 1 and 2 shall come into operation on the day on which the Administrator’s assent to this Act is declared.

• (2)

  The remaining provisions of this Act shall come into operation on a date to be fixed by the Administrator by notice in the Gazette.

• (1)

  In this Act:

  accumulation account means an account kept in the name of a member or adherent of the NTGPAS Scheme in the successor fund mentioned in section 45DE or a complying superannuation fund standing to the credit of the member or adherent.

  adherent, of the NTGPAS Scheme, means a person who is not an eligible employee (and hence not a member of that Scheme) but in whose name an account exists in the NTGPAS Scheme.

  approved means approved by the Commissioner.

  ATO means the Commonwealth Commissioner of Taxation.

  Commissioner means the Commissioner of Superannuation appointed under section 4, and includes a person appointed under section 5 to act as the Commissioner while the person is acting as the Commissioner.

  complying superannuation fund, see section 995-1(1) of the Income Tax Assessment Act 1997 (Cth).

  dependant, see section 3AA.

  eligible employee means a permanent employee employed in a full time or part time capacity whose last period of continuous employment as a permanent employee commenced before the commencement of the Superannuation Amendment Act 2004, other than:

  • (a)

    an employee, or a member of a prescribed class of employees, declared in writing for the purposes of this paragraph by the Commissioner; or

  • (b)

    a subscriber to or a member of a superannuation scheme, not being:

    • (i)

      the NTGPAS Scheme; or

    • (ii)

      a superannuation scheme, or one of a class of superannuation schemes, declared in writing for the purposes of this subparagraph by the Commissioner; or

    • (iii)

      a superannuation scheme where no benefits are directly or indirectly provided or contributed to by any employer; or

  • (c)

    an employee who, under the Rules, ceases to be an eligible employee as a result of electing to take a benefit while still a permanent employee; or

  • (d)

    a person employed in or appointed to an office established by name by an Act (unless the office is declared in writing by the Commissioner not to be an office for the purposes of this paragraph), who is not:

    • (i)

      a Chief Executive Officer or employee, as defined in the Public Sector Employment and Management Act 1993; or

    • (ii)

      an officer or employee of the Northern Territory Teaching Service; or

    • (iii)

      a member of the Police…