Superannuation Administration Act 1996 Superannuation Administration (Electricity Superannuation Scheme Transitional Provisions) Further Amendment Regulation 1997 (1997-636) [GG No 130 of 28.11.1997, p 9567] (NSW)
1997 No 636
New South Wales Superannuation Administration
(Electricity Superannuation Scheme
Transitional Provisions) FurtherAmendment Regulation 1997
under the
Superannuation Administration Act 1996
His Excellency the Governor, with the advice of the Executive Council, has made the following Regulation under the Superannuation Administration Act 1996.
MICHAEL EGAN, M.L.C.,
Treasurer
Explanatory note
The object of this Regulation is to amend the Superannuation Administration (Electricity Superannuation Scheme Transitional Provisions) Regulation 1997 to transfer certain employees of Pacific Power, as part of the handover of staffing responsibilities in certain facilities by Pacific Power to the Snowy Mountains Hydro-electric Authority, from their existing public sector superannuation schemes to the superannuation scheme established for the electricity industry by trust deed under the Superannuation Administration Act 1996. The transfer will take place on 5 December 1997.
This Regulation is made under the Superannuation Administration Act 1996,
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1997 No 636
Superannuation Administration (Electricity
Superannuation Scheme Transitional Provisions)Further Amendment Regulation 1997
1 Name of Regulation
This Regulation is the Superannuation Administration (Electricity Superannuation Scheme Transitional Provisions) Further Amendment Regulation 1997.
2 Commencement
This Regulation commences on 5 December 1997.
3 Amendment of Superannuation Administration (Electricity
Superannuation Scheme Transitional Provisions) Regulation
1997
The Superannuation Administration (Electricity Superannuation Scheme Transitional Provisions) Regulation 1997 is amended as set out in Schedule l .
4 Notes
The explanatory note does not form part of this Regulation.
1997 No 636
Superannuation Administration (Electricity Superannuation Scheme Transitional Provisions) Further Amendment Regulation 1997
Amendments Schedule 1 Schedule 1 Amendments
(Clause 3)
[1] Clause 3 Definitions
Insert “or (c)” after “(b)” in paragraph (a) of the definition of transfer day.
[2] Clause 3, paragraph (a) of the definition of “transfer day”
Insert “or” after “1997,”.
[3] Clause 3, paragraph (c) of the definition of “transfer day”
Insert after paragraph (b):
, o r
(c) in relation to an employee of Pacific Power, 5 December 1997.
[4] Clause 5A
Insert after clause 5:
5A Transfer of certain employees only of Pacific Power
(1)
Despite clause 5 ( l), a person who is an employee of Pacific Power is transferred from a superannuation scheme referred to in clause 6, 7, 8, 9 or 10 to the electricity superannuation scheme by operation of that
clause only if: I
(a)
the person is an employee who was, immediately before 5 December 1997, seconded to the Snowy Mountains Hydro-electric Authority or working on the Snowy Mountains Hydro-electric Scheme or employed in connection with the trading of electricity generated by the Scheme, and
(b)
the person is approved by the Minister for the purposes of this clause, or is a member of a class of persons approved by the Minister for the purposes of this clause.
1997 No 636
Superannuation Administration (Electricity Superannuation Scheme Transitional Provisions) Further Amendment Regulation 1997
Schedule 1 Amendments
(2) In this clause: Snowy Mountains Hydro-electric Authority means the Snowy Mountains Hydro-electric Authority referred to in the Snowy Mountains Hydro-electric Power Act I949 of the Commonwealth.
[5] Schedule 1 Transferred employers
Insert at the end of Schedule 1:
Pacific Power
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