Superannuation Act 1916 (NSW)

Superannuation Act 1916 No 28

An Act to provide a State provident fund for persons employed by the State or by certain other bodies, and for the families of such persons; to amend and repeal various Acts; and for purposes consequent thereon or incidental thereto.

Part 1 Preliminary

1 Name of Act and commencement This Act may be cited as the Superannuation Act 1916 and shall, except where otherwise provided, come into operation on the first day of July, one thousand nine hundred and nineteen.

1A Closure of Scheme to persons employed on or after 1.7.1985 (1) Notwithstanding any other provision of this Act (except subsection (3)), a person is not required or entitled to commence contributing to the Fund on or after 1 July 1985. (2) Subsection (1) applies, subject to subsection (3), to a person who was previously a contributor to the Fund, whether before or after 1 July 1985. (3) Subsection (1) does not apply to— (a) a person who was, immediately before 1 July 1985, an employee but was not contributing to the Fund, being a person to whom Schedule 21 applies and who elects to become a contributor to the Fund in accordance with that Schedule, (b) a person who makes an election under section 38C and complies with that section, (c) a person who is re-employed by an employer under section 51 (1) after the restoration of the person's health, or (c1) a person exercising a transfer option conferred under Part 6 or Part 7 of the Superannuation Administration Act 1996 to rejoin the Fund, (d) a person of a class prescribed by the regulations. (4) Schedule 21 has effect. (5) Regulations may be made for or with respect to elections under Schedule 21 or to any other matter necessary or convenient to be prescribed for the purposes of this section.