Public Authorities Superannuation Act 1985 (NSW)

Public Authorities Superannuation Act 1985 No 41

An Act to continue the Public Authorities Superannuation Board and to establish and provide for the investment and administration of the Public Authorities Superannuation Fund; to provide a superannuation scheme for employees of certain public authorities and to provide for the transfer to that scheme of contributors under certain other superannuation schemes; to repeal the Public Authorities Superannuation Board Act 1983; and for other purposes.

Part 1 Preliminary

1 Name of Act This Act may be cited as the Public Authorities Superannuation Act 1985.

2 Commencement (1) Parts 1, 6 and 7, and Schedules 1–5, shall commence on the date of assent to this Act. (2) Except as provided by subsection (1), this Act shall commence on such day as may be appointed by the Governor in respect thereof and as may be notified by proclamation published in the Gazette. (3) Subsection (1) does not apply to section 4 in its application to Schedules 6–8.

3 Persons not subject to Act Schedule 4 has effect.

3A Closure of scheme (1) Notwithstanding any other provision of this Act— (a) a person is not entitled to elect on or after 1 April 1988 to become a contributor, (b) a person is not entitled to become a contributor pursuant to an election that was made before, but did not take effect before, 1 April 1988, (c) a person who, immediately before 1 April 1988, was contributing to the Public Authorities Superannuation Fund ceases on and from that day to be entitled or liable to contribute to that Fund, and (d) a benefit under this Act is not payable on or after 1 April 1988 to, or in relation to, a contributor unless the benefit was so payable before that day. (2) A benefit under this Act that had become payable before 1 April 1988 but had not been paid, or had not commenced to be paid, before that date shall be paid from the State Authorities Superannuation Fund. (3) Any pension under this Act of which payment had commenced before 1 April 1988 shall, on and after that date, be paid from the State Authorities Superannuation Fund. (4) Any amount that, before 1 April 1988, a person was liable to pay, but had not paid, to the Public Authorities Superannuation Fund is payable to the State Authorities Superannuation Fund.