General Government Liability Management Fund Act 2002 (NSW)

General Government Liability Management Fund Act 2002 No 60

An Act to establish the General Government Liability Management Fund and provide for its management; to amend the Public Finance and Audit Act 1983 and the Public Authorities (Financial Arrangements) Regulation 2000; and for other purposes.

Part 1 Preliminary

1 Name of Act This Act is the General Government Liability Management Fund Act 2002.

2 Commencement This Act commences on the date of assent.

3 Definitions (1) In this Act— agency, in relation to a superannuation fund that is part of the STC Fund, means an employer whose employees, or some of whose employees, are members of the superannuation fund. exercise a function includes perform a duty. function includes power, authority or duty. Liability Management Fund or Fund means the General Government Liability Management Fund established under section 4. Management Committee means the Management Committee constituted by section 10. Ministerial Corporation means the Liability Management Ministerial Corporation constituted by section 7. Secretary means the person for the time being holding or acting in the office of Secretary of the Treasury. STC means the SAS Trustee Corporation continued under the Superannuation Administration Act 1996. STC Fund means the amalgamated superannuation fund comprising the funds established or constituted under any of the following Acts— (a) Police Regulation (Superannuation) Act 1906, (b) Superannuation Act 1916, (c) Local Government and Other Authorities (Superannuation) Act 1927, (d) Transport Employees Retirement Benefits Act 1967, (e) New South Wales Retirement Benefits Act 1972, (f) Public Authorities Superannuation Act 1985, (g) State Public Service Superannuation Act 1985, (h) State Authorities Superannuation Act 1987, (i) State Authorities Non-contributory Superannuation Act 1987. STC scheme means a superannuation scheme established under any of the Acts that established or constituted the superannuation funds that are part of the STC Fund. Treasury Corporation means the New South Wales Treasury Corporation constituted by the Treasury Corporation Act 1983. (2) Notes included in this Act do not form part of this Act.