Superannuation Administration Act 1996 (NSW)

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An Act to provide for trustees for State public sector superannuation schemes and the provision of investment and administration services for such schemes; to continue as a trustee for the defined benefit style schemes closed to new members the SAS Trustee Corporation (formerly the State Authorities Superannuation Board); to enable the establishment of additional superannuation schemes for State public sector employees and associated persons by trust deed; and for other purposes.

long title: Am 1999 No 5, Sch 4 [13]; 2004 No 10, Sch 1 [1]; 2005 No 91, Sch 2.2 [1]; 2006 No 121, Sch 1 [1].

Part 1Preliminary1Name of Act

This Act is the Superannuation Administration Act 1996.

2Commencement

This Act commences on a day or days to be appointed by proclamation.

3Objects of Act

The objects of this Act are as follows—

  • (a)

    to establish the SAS Trustee Corporation as the trustee for the State defined benefit public sector superannuation schemes,

  • (b)

    to provide for the provision of investment management services and other services for State public sector superannuation schemes,

  • (c)

    to set out the functions and responsibilities of trustees and service providers for State public sector superannuation schemes,

  • (d)

    (Repealed)

  • (e)

    to enable the establishment of additional superannuation schemes for State public sector employees and associated persons by trust deed.

s 3: Am 1999 No 5, Sch 4 [1]; 2004 No 10, Sch 1 [2]; 2005 No 91, Sch 2.2 [2]; 2006 No 121, Sch 1 [2].

4Definitions

In this Act—

benefit means a pension or lump sum retirement or superannuation benefit.

exercise a function includes perform a duty.

function includes a power, authority or duty.

investment manager means a person who provides superannuation investment management services for a superannuation fund or funds or part of any such fund under a contract or an arrangement with STC, and includes any other person engaged by that person to provide all or any of those superannuation investment management services.

local authority means a council within the meaning of the Local Government Act 1993.

mandated investment manager—see section 60.

public authority means a person or body constituted or established by an Act for a public purpose.

SAC means the Corporation constituted under the Superannuation Administration Authority Corporatisation Act 1999.

State sector employer means an employer under an STC scheme that is included in the consolidated Total State Sector financial statements under section 7.17 (1) of the Government Sector Finance Act 2018.

STC means the SAS Trustee Corporation continued by this Act.

STC dispute function means the principal function, referred to in section 50 (1) (e), to determine disputes under the Acts under which the STC schemes are established or constituted.

STC disputes committee means a committee delegated the STC dispute function under section 77.

STC fund or STC scheme means a superannuation fund or superannuation scheme established or constituted under any of the following Acts—

  • (a)

    Police Regulation (Superannuation) Act 1906,

  • (b)

    Superannuation Act 1916,

  • (c)

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Sourced from the Federal Register of Legislation at 26 August 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.