Superannuation Administration (Vision Super Transitional Provisions) Regulation 2024 (2024-512) (NSW)

Superannuation Administration (Vision Super Transitional Provisions) Regulation 2024

Part 1 Preliminary

1 Name of regulation This regulation is the Superannuation Administration (Vision Super Transitional Provisions) Regulation 2024.

2 Commencement This regulation commences on the day on which it is published on the NSW legislation website.

3 Definitions In this regulation— claim, about the former scheme, includes the following matters, but only to the extent the matter relates to a defined benefit division— (a) a complaint about the former scheme or the trustee of the former scheme, (b) a complaint about a matter involving the former scheme or the trustee of the former scheme that may give rise to a financial loss to a member or beneficiary of the former scheme, (c) an application for a benefit or entitlement under the former scheme, (d) a matter that was to be treated, because of a transitional provision in an Act or regulation, as if it were a claim against the trustee of the former scheme. defined benefit division means Division B, Division C or Division D of the former scheme. former scheme means the local government superannuation scheme. successor fund means Vision Super. the Act means the Superannuation Administration Act 1996. transfer day means the day specified as the transfer day by the Minister in a notice published in the Gazette. transferred employer means an employer listed in Schedule 1 and includes a successor of an employer listed in Schedule 1. transferred member means a member of a defined benefit division who is transferred to the successor fund under section 5. Vision Super means the Local Authorities Superannuation Fund, ABN 24 496 637 884.

Note— The Act and the Interpretation Act 1987 contain definitions and other provisions that affect the interpretation and application of this regulation.