Superannuation (Portability) Act 1989 (Vic)
Version No. 064
Superannuation (Portability) Act 1989
No. 14 of 1989
Version incorporating amendments as at
30 June 2014
table of provisions
Section Page
1Purpose
2Commencement
3Definitions
4Application of Act
5Entitlement to deferred retirement benefit
6Amount of deferred retirement benefit
7Provisions relating to payment of benefits
7APayment of benefits subject to specified standards and other provisions
8Medical classification
9Option relating to certain members
9AAObligation on administrators
9ABReduction of deferred retirement benefit or transfer amount
9ACAdministrators may provide additional information
9ADCharging of fees
9ASurcharge payments
10Settlement of disputes
11Regulations
12Repeal
═══════════════
ENDNOTES
1. General Information
2. Table of Amendments
3. Explanatory Details
Version No. 064
Superannuation (Portability) Act 1989
No. 14 of 1989
Version incorporating amendments as at
30 June 2014
The Parliament of Victoria enacts as follows:
1Purpose
The purpose of this Act is to provide a more comprehensive system of portability of superannuation within the public sector.
2Commencement
This Act comes into operation on the day on which it receives Royal Assent.
3Definitions
(1)In this Act—
actuary means a fellow or accredited member of the Institute of Actuaries of Australia approved by the Minister;
administrators means the administrators of a statutory superannuation scheme;
child in relation to a deceased member or former member means a child of the person or the person's partner other than any child born more than 10 months after the person's death who is—
(a)under 18 years of age; or
(b)between the age of 18 and 25 years and in the opinion of the administrators is a full-time student;
complying superannuation fund means a superannuation entity or a superannuation fund within the meaning of section 10 of the Commonwealth Superannuation Industry (Supervision) Act 1993 which is a complying superannuation fund or a complying approved deposit fund within the meaning of Part IX of the Commonwealth Income Tax Assessment Act 1936;
dependant means in relation to a deceased member or former member—
(a)the partner or any child of the member or former member; or
(b)any other person who in the opinion of the administrators was at the date of death of the member or former member wholly or partially dependent on the member or former member or who at that date had a legal right to look to the member or former member for financial support;
disability, in relation to a member, means the permanent inability of the member before the age of 60 years due to a continuing or recurring injury, disease or infirmity—
(a)to perform his or her duties; and
(b)to perform any other duties for which he or she is suited by education, training or experience or for which he or she would be suited as a result of retraining—
as determined by the Board on the basis of reports provided by at least 2 registered medical practitioners appointed by the Board;
domestic partner of a person means—
(a)a person who is, or was at the time of the person's death, in a registered domestic relationship with the person; or
(b)a person to whom the person is not married but with whom, in the opinion of the administrators, the person is, or was at the time of the person's death, living as a couple on a genuine domestic basis (irrespective of gender);
* * * * *
membermeans a member of a statutory superannuation scheme however designated in or for the purposes of the statutory superannuation scheme;
Order in Council means an Order in Council made by the Governor in Council on the recommendation of the Minister and published in the Government Gazette;
partner of a person means the person's spouse or domestic partner;
public authority means any office, body, authority or Department within the meaning of the Public Administration Act 2004 declared by Order in Council to be a public authority for the purposes of this Act;
retirement benefit means an annual, monthly or other periodical payment, a lump sum payment or any other entitlement to which under the terms of a superannuation scheme a member will become entitled at or after the minimum retirement age under that superannuation scheme;
spouseof a person (except in sections 9AA to 9AD) means a person to whom the person is, or was at the time of the person's death, married;
statutory superannuation scheme means a superannuation scheme declared by Order in Council to be a statutory superannuation scheme for the purposes of this Act;
superannuation scheme means a scheme one of the purposes of which is to provide retirement benefits;
superannuation system has the same meaning as it has in regulation 5.01(1) of the Superannuation Industry (Supervision) Regulations 1994 of the Commonwealth;
terms, in relation to a statutory superannuation scheme, means the rules and provisions of the statutory superannuation scheme.
(2)In this Act—
Ais the consumer price index for the reference period last published by the Australian Bureau of Statistics before the quarter in which the pension or lump sum becomes payable;
Bis the consumer price index for the reference period last published by the Australian Bureau of Statistics before the quarter in which the member resigned;
C means the contribution factor in accordance with the following Table with values for intermediate ages being calculated to the lower 0.01:
TABLE
Age
Factor
50
1.00
45 .90 40 .80 35 .70 30 or less .60 CC represents the lump sum factor specified in Schedule 1 of the State Superannuation Act 1988 with respect to age 60 or the later age in completed years and months at which the person changes employment;
CR represents the lump sum factor specified in Schedule 1 of the State Superannuation Act 1988 with respect to the age in completed years and months at which the person retires;
consumer price index means the all groups consumer price index for all capital cities in original terms published by the Australian Bureau of Statistics;
K =
X is the member's age in whole months on the date on which he or she joined the superannuation scheme;
Y is equal to 720 or the member's age in whole months on the date on which he or she resigns whichever is the lesser.
(3)The value of X must be adjusted to allow for any prior service recognised by the administrators.
(4)In this Act—
approved deposit fund has the meaning given by section 10(1) of the Commonwealth Superannuation Industry (Supervision) Act 1993;
eligible rollover fund means a fund within the meaning of section 242 of the Commonwealth Superannuation Industry (Supervision) Act 1993;
eligible superannuation plan means—
(a)a regulated superannuation fund; or
(b)an approved deposit fund; or
(c)an exempt public sector superannuation scheme; or
(d)an RSA;
exempt public sector superannuation scheme means a public sector superannuation scheme within the meaning of section 10(1) of the Commonwealth Superannuation Industry (Supervision) Act 1993;
flag lifting agreement has the meaning given by section 90MN of the Commonwealth Family Law Act 1975;
flagging order means an order mentioned in section 90MU(1) of the Commonwealth Family Law Act 1975;
interest has the meaning given by section 90MD of the Commonwealth Family Law Act 1975;
member spouse, in relation to a superannuation interest, means the spouse who has the superannuation interest;
non-member spouse, in relation to a superannuation interest, means the spouse who is not the member spouse in relation to that interest;
payment flag has the meaning given by section 90MD of the Commonwealth Family Law Act 1975;
regulated superannuation fund means a superannuation fund which complies with section 19 of the Commonwealth Superannuation Industry (Supervision) Act 1993;
relevant condition of release means, a condition of release mentioned in item 101, 102, 103 or 106 of Schedule 1 to the Commonwealth Superannuation Industry (Supervision) Regulations 1994;
reversionary interest has the meaning given by section 90MF of the Commonwealth Family Law Act 1975;
RSA means a retirement savings account within the meaning of the Commonwealth Retirement Savings Accounts Act 1997;
specified period means the period which is specified to be the specified period in the specified standards;
splitting order means an order mentioned in section 90MT of the Commonwealth Family Law Act 1975;
spouse, in sections 9AA to 9AD, has the meaning given by section 90MD of the Commonwealth Family Law Act 1975;
superannuation agreement has the meaning given by section 90MD of the Commonwealth Family Law Act 1975;
superannuation fund has the same meaning as in the Commonwealth Superannuation Industry (Supervision) Act 1993;
superannuation interest means an interest that a person has in the statutory superannuation fund, but does not include a reversionary interest;
unsplittable interest has the meaning given by section 90MD of the Commonwealth Family Law Act 1975;
value at a particular time of the non-member spouse's entitlement in respect of the superannuation interest means the value as determined in accordance with regulation 14G(8) of the Commonwealth Family Law (Superannuation) Regulations 2001;
value of the member spouse's interest in the statutory superannuation fund means the value as determined in accordance with Part 5 of the Commonwealth Family Law (Superannuation) Regulations 2001.
(5)A reference to the transfer of an amount is to be construed as including a reference to the rollover of an amount.
(6)For the purposes of the definition of domestic partner in subsection (1)—
(a)registered domestic relationship has the same meaning as in the Relationships Act 2008; and
(b)in determining whether persons who are not or were not in a registered domestic relationship are or were domestic partners of each other, all the circumstances of their relationship are to be taken into account, including any one or more of the matters referred to in section 35(2) of the Relationships Act 2008 as may be relevant in a particular case.
(7)The definition of partner as substituted by section 97(1) of the Superannuation Legislation Amendment Act 2010 applies in respect of the determination by the Board of an entitlement arising under this or any other Superannuation Act within the meaning of section 3(1) of the Emergency Services Superannuation Act 1986 on or after the commencement of the substituting section.
4Application of Act
Despite anything in the State Superannuation Act 1988 or any other Act, a statutory superannuation scheme is to be read and construed in accordance with this Act as from the day it becomes a statutory superannuation scheme.
5Entitlement to deferred retirement benefit
(1)A member of a statutory superannuation scheme who changes employment in order to accept employment—
(a)in respect of which he or she will be a member of another statutory superannuation scheme; or
(b)with a public authority; or
(c)with an employer declared by Order of the Governor in Council to be an approved employer for the purposes of this section—
is entitled on application to the administrators to either the benefit provided under the terms of the statutory superannuation scheme of which he or she is a member upon the change of employment or a deferred retirement benefit under this Act.
(2)A deferred retirement benefit under this Act becomes payable at whichever of the following first occurs—
(a)the member attains the minimum retirement age fixed in the governing instrument of the member's statutory superannuation scheme as in force at the time the member made the election under subsection (1);
(b)death;
(c)termination of employment on account of disability.
(2A)A member who is entitled to a deferred retirement benefit by the operation of this section may elect in writing to the administrators to—
(a)convert the entitlement to a present lump sum; and
(b)have the lump sum rolled over or transferred within the superannuation system as nominated by the member.
(2B)The method of calculating the conversion under subsection (2A) is to be determined by the Minister on the advice of an actuary appointed by the administrators.
(3)If any pension payable under the terms of a statutory superannuation scheme may be totally or partially converted to a lump sum payment on the election or application of the person to whom it is payable, a person entitled to a pension in accordance with this Act is entitled to elect to receive or to apply for the conversion of the pension or part of the pension to a lump sum payment calculated and payable in accordance with the terms of the statutory superannuation scheme relating to the conversion of pensions to lump sum payments.
* * * * *
6Amount of deferred retirement benefit
(1)If a member who is aged 60 years or under has been required to contribute a uniform percentage of his or her salary throughout his or her membership of the statutory superannuation scheme and the benefit or part of the benefit which would have been payable on his or her retirement had he or she not changed employment was a pension based on salary at or prior to his or her retirement, the deferred retirement benefit or part of that benefit is a pension of an amount determined by—
(a)calculating in accordance with the terms of the statutory superannuation scheme the amount of the pension payable to him or her if he or she had retired on attaining the age of 60 years on the assumptions that he or she would have served until the age of 60 years and that the actual salary payable prior to the date of his or her change of employment was the salary at or prior to attaining the age of 60 years; and
(b)multiplying the amount so calculated by K; and
(c)multiplying the amount calculated under paragraph (b) by
(2)If a member who is aged 60 years or under has been required to contribute a uniform percentage of his or her salary throughout his or her membership of the statutory superannuation scheme and the benefit or part of the benefit which would have been payable on his or her retirement had he or she not changed employment was a lump sum based on salary at or prior to his or her retirement, the deferred retirement benefit or part of that benefit is a lump sum of an amount determined by—
(a)calculating in accordance with the terms of the statutory superannuation scheme the amount of the lump sum payable to him or her if he or she had retired on attaining the age of 60 years on the assumptions that he or she would have served until the age of 60 years and that the actual salary payable prior to the date of his or her change of employment was the salary at or prior to attaining the age of 60 years; and
(b)multiplying the amount so calculated by K; and
(c)multiplying the amount calculated under paragraph (b) by
(3)If a member—
(a)changes employment when aged 60 years or under; and
(b)is—
(i)an original scheme member or revised scheme member of the State Superannuation Fund; or
(ii)a member of the Port of Melbourne Authority Superannuation Scheme—
the deferred retirement benefit is the amount calculated under subsection (1) or (2) multiplied by C.
(4)In the case of a statutory superannuation scheme under which the benefit or part of the benefit which would have been payable on retirement of the member had he or she not changed employment was based on salary at or prior to retirement but none of subsections (1), (2) or (3) applies, the deferred benefit or part of that benefit for a member who changes employment aged 60 years or under is equal to the retirement benefit to which he or she would be entitled under the terms of the statutory superannuation scheme if he or she was to be taken to retire at the age of 60 years on the date of changing employment multiplied by
(5)In the case of a statutory superannuation scheme in which the benefit or part of the benefit which would have been payable on retirement of the member had he or she not changed employment was a lump sum not based on his or her salary at or prior to his or her date of retirement, the deferred benefit or part of that benefit for a member who changes employment when aged 60 years or under is equal to a lump sum to which he or she would be entitled under the terms of the statutory superannuation scheme if he or she was to be taken to retire at the age of 60 years on the date of changing employment increased by the addition of interest at rates determined by the administrators.
(6)In the case of a member who is aged over 60 years at the date of change of employment, the deferred retirement benefit is equal to the pension or lump sum that would have been payable at his or her retirement at the date of change of employment—
(a)if the statutory superannuation scheme is one to which subsection (1), (2), (3) or (4) applies—multiplied by ; or
(b)if the statutory superannuation scheme is one to which subsection (5) applies—increased by the addition of interest at rates determined by the administrators.
(7)If a person who would be entitled to a deferred retirement benefit by the operation of section 5 resigns from employment as specified in section 5 then for the purpose of calculating resignation benefits—
(a)deferred retirement benefits under this Act are to be taken to be the benefits he or she would have received on retirement at the age of 60 years; and
(b)the aggregate of service for which benefits or deferred benefits are payable under any statutory superannuation scheme is to be recognized as service.
7Provisions relating to payment of benefits
(1)If a person entitled to a deferred retirement benefit dies there is payable to his or her personal representative or dependants the benefits that the administrators determine having regard to—
(a)the governing instrument of the member's statutory superannuation scheme as in force at the time the member made the election under section 5(1); and
* * * * *
(d)any other matter they consider relevant.
(2)If a person entitled to a deferred retirement benefit ceases to be gainfully employed on account of disability there is payable the benefits that the administrators determine having regard to—
(a)the governing instrument of the member's statutory superannuation scheme as in force at the time the member made the election under section 5(1); and
* * * * *
(d)any other matter they consider relevant.
(3)If any person is in receipt of a deferred retirement pension he or she is entitled to receive any increase in the amount of the pension payable under the terms of the statutory superannuation scheme or in accordance with any decision of the administrators on the same basis as other persons receiving pensions under the statutory superannuation scheme.
(4)If the aggregate of—
(a)lump sum benefits payable from statutory superannuation schemes; and
(b)pensions payable for statutory superannuation schemes multiplied by CR—
exceeds 8×4 times the final salary of the member the last deferred retirement benefit granted under this Act must be reduced so that the aggregate does not exceed that multiple of final salary.
(5)If a person becomes entitled to a deferred retirement pension and the pension under the statutory superannuation scheme carried an entitlement to a partner pension, the entitlement to the deferred retirement pension carries with it an entitlement to a partner pension on the same basis as under the statutory superannuation scheme.
(6)If a member entitled to a deferred retirement pension reaches the minimum retirement age fixed in the governing instrument of the member's statutory superannuation scheme at any age other than 60 years, the amount of the deferred retirement pension is the amount calculated under section 6 multiplied by .
(7)If a person who would be entitled to a deferred retirement benefit by the operation of section 5 is subject to the termination of his or her employment prior to attaining the minimum retirement age fixed in the governing instrument of the member's statutory superannuation scheme on a ground other than disability or death, he or she may elect to receive—
(a)a cash benefit equal to a refund of the contributions paid by him or her and interest at the prescribed rate; and
(b)a deferred retirement benefit reduced by such amount as is determined by the Minister on the advice of an actuary.
(7A)A person who is entitled under subsection (7) to a deferred retirement benefit by the operation of section 5 may elect in writing to the administrators to—
(a)convert the entitlement to a present lump sum; and
(b)have the lump sum rolled over or transferred within the superannuation system as nominated by the person.
(7B)The method of calculating the conversion under subsection (7A) is to be determined by the Minister on the advice of an actuary appointed by the administrators.
(8)Subsection (7) applies in respect of any deferred retirement benefit to which a person may be entitled as a result of a previous transfer to a different category of membership or scheme in the same Fund or to another Fund established by or under an Act if the deferred retirement benefit and the benefit preserved under this Act relate to a period of continuous employment.
7APayment of benefits subject to specified standards and other provisions
Notwithstanding anything to the contrary in this Act or the governing instrument of the member's statutory superannuation scheme, the payment of any benefit under this Act is subject to—
(a)any relevant specified standards; and
(b)any provisions relating to the early release of benefits—
which apply to the member's statutory superannuation scheme.
8Medical classification
A person who elects to take a deferred retirement benefit is entitled to a medical classification under a statutory superannuation scheme of which he or she becomes a member which is no less favourable than the medical classification made under the statutory superannuation scheme from which the deferred retirement benefit was granted.
9Option relating to certain members
(1)In this section—
approved employer means an employer declared under section 5(1)(c) to be an approved employer in respect of the employment of persons who are officers;
officer means a member of a statutory superannuation scheme;
transfer period means—
(a)in the case of an officer specified in subsection (2)(a), the period of 6 months commencing on the date on which the officer became an employee of the approved employer;
(b)in the case of an officer specified in subsection (2)(b), the period of 2 months or any other longer period nominated by the Minister under subsection (4) commencing on the date on which the officer becomes an employee of the approved employer or the public authority.
(2)This section applies to an officer—
(a)who was an officer or employee of the Public Transport Corporation in the railway workshop at Bendigo on 7 February 1996; or
(b)who is a member of a class of persons declared to be officers to whom this section applies by the Minister by instrument in writing for the purposes of this section.
(3)An officer who accepts employment with the approved employer or the public authority may elect during the transfer period to transfer the transfer amount to a complying superannuation fund.
(4)The transfer amount and the terms and conditions that apply in respect of the transfer are to be determined by the Minister.
(5)The administrators must pay into the statutory superannuation scheme payments received for superannuation provision in respect of the statutory superannuation scheme from any person liable for the unfunded liability relating to any transfer amount transferred from that statutory superannuation scheme.
(6)The administrators must pay out of the statutory superannuation scheme the transfer amount, after deducting any tax required to be paid under the Commonwealth Income Tax Assessment Act 1936, to the relevant complying superannuation fund.
(7)If an officer does not make an election in accordance with subsection (3), the officer is deemed to have elected to transfer the transfer amount to a complying superannuation fund nominated by the administrator of the officer's statutory superannuation scheme.
(8)No stamp duty or other tax is payable under any Act in respect of anything done under this section.
(9)The administrators are released from any liability in respect of the entitlements of officers to whom subsection (6) applies as soon as the transfer amount is paid to the relevant complying superannuation fund.
9AAObligation on administrators
(1)Subject to subsections (5) and (6), the administrators must comply with this section if—
(a)a superannuation agreement which provides for a payment split; or
(b)a flag lifting agreement which provides for a payment split; or
(c)a splitting order—
is served on the administrators under Part VIIIB or VIIIAB of the Commonwealth Family Law Act 1975.
(2)This section also applies to—
(a)a superannuation agreement which provides for a payment split; or
(b)a flag lifting agreement which provides for a payment split; or
(c)a splitting order—
which was served on the administrators under Part VIIIB of the Commonwealth Family Law Act 1975 before the commencement of section 34 of the Superannuation Acts (Family Law) Act 2003 if the non-member spouse's entitlements in respect of the superannuation interest have not been satisfied as at that commencement.
(2A)This section also applies to—
(a)a superannuation agreement which provides for a payment split; or
(b)a flag lifting agreement which provides for a payment split; or
(c)a splitting order—
which was served on the administrators under Part VIIIAB of the Commonwealth Family Law Act 1975 before the commencement of section 36 of the Superannuation Legislation Amendment Act 2009 if the non-member spouse's entitlements in respect of the superannuation interest have not been satisfied as at that commencement.
(3)If the non-member spouse has not satisfied a relevant condition of release and the member spouse is not receiving a pension under this Act, the administrators must if the value of the non-member spouse's entitlement in respect of the superannuation interest at the particular time does not exceed the value of the member spouse's interest in the statutory superannuation fund—
(a)transfer a lump sum amount equal to the value of the non-member spouse's entitlement in respect of the superannuation interest at the time of the payment to an eligible superannuation plan nominated in writing by the non-member spouse within the specified period; or
(b)if the non-member spouse fails to nominate in writing an eligible superannuation plan within the specified period, transfer a lump sum amount equal to the value of the non-member spouse's entitlement in respect of the superannuation interest at the time of the payment to an eligible rollover fund selected by the administrators.
(4)If the non-member spouse has satisfied a relevant condition of release or the member spouse is receiving a pension under this Act, the administrators must if the value of the non-member spouse's entitlement in respect of the superannuation interest at the particular time does not exceed the value of the member spouse's interest in the statutory superannuation fund—
(a)if so requested in writing by the non-member spouse within the specified period, pay the non-member spouse a lump sum amount equal to the value of the non-member spouse's entitlement in respect of the superannuation interest at the time of the payment; or
(b)if so requested in writing by the non-member spouse within the specified period, transfer a lump sum amount equal to the value of the non-member spouse's entitlement in respect of the superannuation interest at the time of the payment to an eligible superannuation plan nominated in writing by the non-member spouse; or
(c)if no request is received from the non-member spouse within the specified period, transfer a lump sum amount equal to the value of the non-member spouse's entitlement in respect of the superannuation interest at the time of the payment to an eligible rollover fund selected by the administrators.
(5)Subsections (3) and (4) do not apply if—
(a)the member spouse's superannuation interest is an unsplittable interest; or
(b)a payment flag is operating in respect of the member spouse's superannuation interest; or
(c)the non-member spouse has served a waiver notice on the administrators under section 90MZA of the Commonwealth Family Law Act 1975 in respect of the member spouse's superannuation interest; or
(d)the member spouse's superannuation interest is a payment that is not a splittable payment under Part 2 of the Commonwealth Family Law (Superannuation) Regulations 2001.
(6)If the member spouse's superannuation interest is a pension under this Act due to a disability which is a splittable payment, the administrators may determine that subsections (3) and (4) do not apply.
(7)If the non-member spouse serves a waiver notice on the administrators under section 90MZA of the Commonwealth Family Law Act 1975 in respect of the member spouse's superannuation interest, the administrators may make a payment to the non-member spouse not exceeding the value at a particular time of the non-member spouse's entitlement in respect of the superannuation interest less any payments previously made by the administrators to the non-member spouse in accordance with this section.
9ABReduction of deferred retirement benefit or transfer amount
Despite anything to the contrary in this Act, if under section 9AA an amount is paid by the administrators to a non-member spouse or transferred by the administrators on behalf of a non-member spouse, the deferred retirement benefit or transfer amount of a member spouse must be reduced by the administrators in accordance with a methodology approved by the Minister, on the advice of an actuary appointed by the administrators.
9ACAdministrators may provide additional information
On the application of an eligible person within the meaning of section 90MZB(8) of the Commonwealth Family Law Act 1975, the administrators may provide information additional to the information required to be provided under section 90MZB of that Act if the administrators consider that the additional information is necessary to understand the statutory superannuation fund or the member spouse's benefit entitlements.
9ADCharging of fees
(1)The administrators may charge reasonable fees in respect of—
(a)a payment split;
(b)a payment flag;
(c)flag lifting under a flag lifting agreement that does not provide for a payment split;
(d)an order under section 90MM of the Commonwealth Family Law Act 1975 terminating the operation of a payment flag;
(e)an application under section 90MZB of the Commonwealth Family Law Act 1975 for information about a superannuation interest;
(f)any other thing done by the Board in relation to a superannuation interest covered by a superannuation agreement, flag lifting agreement or splitting order;
(g)the provision of information under section 9AC.
(2)Fees charged under subsection (1) must not exceed the maximum levels of fees fixed by the Minister for the purposes of this section by notice published in the Government Gazette.
(3)If the administrators charge a fee under subsection (1), the fee is payable—
(a)unless paragraph (b) applies, in the case of subsection (1)(a), (1)(b), (1)(c), (1)(d) or (1)(f), by the member spouse and the non‑member spouse in equal parts; or
(b)if the fee is in respect of a payment split under which the non-member spouse is entitled to be paid the whole of the amount of each splittable payment that becomes payable, by the non-member spouse; or
(c)in the case of subsection (1)(e) or (1)(g), by the person who made the application.
9ASurcharge payments
The administrators of a statutory superannuation scheme must administer any surcharge paid or payable in respect of any benefit under this Act in accordance with the terms of the statutory superannuation scheme.
10Settlement of disputes
(1)In this section dispute means any dispute—
(a)as to the amount of any benefit payable in accordance with this Act; or
(b)arising as a result of the administrators or a person entitled to a benefit in accordance with this Act considering that the benefit paid or payable to that person is inappropriate having regard to—
(i)the governing instrument of the member's statutory superannuation scheme as in force at the time the member made the election under section 5(1); and
* * * * *
(iv)any other matter.
(2)Any dispute relating to benefit entitlements under this Act must be determined in the first place by the administrators.
(3)A person whose interests are affected by a decision of the administrators may apply to the Victorian Civil and Administrative Tribunal for review of the decision.
(4)An application for review must be made within 28 days after the later of—
(a)the day on which the decision is made;
(b)if, under the Victorian Civil and Administrative Tribunal Act 1998, the person requests a statement of reasons for the decision, the day on which the statement of reasons is given to the person or the person is informed under section 46(5) of that Act that a statement of reasons will not be given.
11Regulations
(1)The Governor in Council may make regulations for or with respect to any matter or thing required or permitted by this Act to be prescribed or necessary to be prescribed to give effect to this Act.
(2)The regulations—
(a)may be of general or limited application; and
(b)may differ according to differences in time, place or circumstances.
12Repeal
(1)The Superannuation Benefits Act 1977 is repealed.
(2)Unless the context otherwise requires, any reference to the Superannuation Benefits Act 1977 in any Act, regulation, subordinate instrument or other document is to be construed as a reference to the Superannuation (Portability) Act 1989.
═══════════════
ENDNOTES
1. General Information
Minister's second reading speech—
Legislative Assembly: 3 November 1988
Legislative Council: 18 April 1989
The long title for the Bill for this Act was "A Bill to re-enact with amendments the law relating to the portability of superannuation within the public sector, to repeal the Superannuation Benefits Act 1977 and for other purposes.".
The Superannuation (Portability) Act 1989 was assented to on 9 May 1989 and came into operation on 9 May 1989: section 2.
2. Table of Amendments
This Version incorporates amendments made to the Superannuation (Portability) Act 1989 by Acts and subordinate instruments.
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Accident Compensation (General Amendment) Act 1989, No. 64/1989
Assent Date: 29.9.89 Commencement Date: S. 36(5) on 1.7.90: Government Gazette 21.2.90 p. 518 CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Superannuation Acts (Miscellaneous Amendments) Act 1990, No. 72/1990
Assent Date: 4.12.90 Commencement Date: S. 16 on 19.12.90: Government Gazette 19.12.90 p. 3751 CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Superannuation (Compliance) Act 1993, No. 54/1993
Assent Date: 8.6.93 Commencement Date: S. 13 on 8.6.93: s. 2(1) CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Public Sector Superannuation (Administration) Act 1993, No. 110/1993
Assent Date: 30.11.93 Commencement Date: S. 149 on 30.11.93: s. 2(1); s. 148 on 1.1.94: s. 2(6) CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Superannuation Acts (Further Amendment) Act 1994, No. 120/1994 (as amended by No. 102/1995)
Assent Date: 20.12.94 Commencement Date: S. 69 on 1.1.94: s. 2(6); s. 67 on 1.7.94: s. 2(7A); ss 66, 68 on 20.12.94: s. 2(1) CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Superannuation Acts (Amendment) Act 1996, No. 4/1996
Assent Date: 18.6.96 Commencement Date: S. 122 on 7.2.96: s. 2(8); s. 121 on 18.6.96: s. 2(1); ss 120, 123 on 30.6.96: s. 2(12) CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Superannuation Acts (Further Amendment) Act 1996, No. 82/1996
Assent Date: 23.12.96 Commencement Date: Ss 68–70 on 23.12.96: s. 2(1) CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Superannuation Acts (Miscellaneous Amendment) Act 1997, No. 50/1997
Assent Date: 11.6.97 Commencement Date: S. 13 on 11.6.97: s. 2(1) CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Public Sector Reform (Miscellaneous Amendments) Act 1998, No. 46/1998
Assent Date: 26.5.98 Commencement Date: S. 7(Sch. 1) on 1.7.98: s. 2(2) CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Tribunals and Licensing Authorities (Miscellaneous Amendments) Act 1998, No. 52/1998
Assent Date: 2.6.98 Commencement Date: S. 311(Sch. 1 item 87) on 1.7.98: Government Gazette 18.6.98 p. 1512 CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Superannuation Acts (Amendment) Act 1998, No. 84/1998
Assent Date: 17.11.98 Commencement Date: S. 50 on 17.11.98: s. 2(1) CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Government Superannuation Act 1999, No. 8/1999
Assent Date: 11.5.99 Commencement Date: S. 52 on 1.7.99: s. 2(1) CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Superannuation Acts (Further Amendment) Act 1999, No. 13/1999
Assent Date: 11.5.99 Commencement Date: Ss 15, 16 on 11.5.99: s. 2(1) CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Superannuation Acts (Amendment) Act 2000, No. 29/2000
Assent Date: 30.5.00 Commencement Date: S. 16 on 31.5.00: s. 2(1) CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Superannuation Acts (Beneficiary Choice) Act 2000, No. 95/2000
Assent Date: 5.12.00 Commencement Date: S. 17 on 6.12.00: s. 2(1); s. 18 on 1.7.01: s. 2(6) CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Statute Law Amendment (Relationships) Act 2001, No. 27/2001
Assent Date: 12.6.01 Commencement Date: S. 5(Sch. 3 item 6) on 23.8.01: Government Gazette 23.8.01 p. 1927 CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Superannuation Acts (Family Law) Act 2003, No. 70/2003
Assent Date: 14.10.03 Commencement Date: Ss 33, 34 on 15.10.03: s. 2(1) CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Treasury and Finance Legislation (Amendment) Act 2004, No. 40/2004
Assent Date: 8.6.04 Commencement Date: Ss 39, 40 on 9.6.04: s. 2(1) CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Public Administration Act 2004, No. 108/2004
Assent Date: 21.12.04 Commencement Date: S. 117(1)(Sch. 3 item 192) on 5.4.05: Government Gazette 31.3.05 p. 602 CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Superannuation Legislation (Governance Reform) Act 2005, No. 94/2005
Assent Date: 29.11.05 Commencement Date: S. 50 on 1.12.05: s. 2 CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Superannuation Legislation Amendment (Contribution Splitting and Other Matters) Act 2007, No. 37/2007
Assent Date: 14.8.07 Commencement Date: Ss 43–45 on 15.8.07: s. 2 CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Relationships Act 2008, No. 12/2008
Assent Date: 15.4.08 Commencement Date: S. 73(1)(Sch. 1 item 59) on 1.12.08: s. 2(2) CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Relationships Amendment (Caring Relationships) Act 2009, No. 4/2009
Assent Date: 10.2.09 Commencement Date: S. 37(Sch. 1 item 24) on 1.12.09: s. 2(2) CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Superannuation Legislation Amendment Act 2009, No. 38/2009
Assent Date: 30.6.09 Commencement Date: Ss 35, 36 on 1.7.09: s. 2(1) CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Superannuation Legislation Amendment Act 2010, No. 40/2010
Assent Date: 30.6.10 Commencement Date: S. 97 on 1.7.10: Government Gazette 1.7.10 p. 1359 CurrentState: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
Treasury Legislation and Other Acts Amendment Act 2014, No. 44/2014
Assent Date: 27.6.14 Commencement Date: S. 33(Sch. item 28) on 30.6.14: s. 2(5) Current State: This information relates only to the provision/s amending the Superannuation (Portability) Act 1989
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
3. Explanatory Details
No entries at date of publication.
0
0
0