Superannuation and Other Legislation Amendment Bill 1997 (Qld)

Queensland

SUPERANNUATION AND OTHER LEGISLATION AMENDMENT BILL 1997

Queensland

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SUPERANNUATION AND OTHER

LEGISLATION AMENDMENT BILL 1997

TABLE OF PROVISIONS

Section Page

PART 1—PRELIMINARY Short title 20... ec eee e eee nee 6

Commencement .... 0.0.0.0... eee ccc eee cette 6

PART 2—AMENDMENT OF SUPERANNUATION (STATE PUBLIC SECTOR) ACT 1990

Amended Act... 0... cece eeee 6 Amendment of s 2 (Interpretation) ................0...00 0000002000. 6 Replacement of ss 3-6 ©... 1... eee eects 7 3 Establishment of board .......... 0.0.02 e cece eee eens 7 4 Board's principal function. .... 0.0.00... cece cece 8 5 Membership of board... .... 6.6... 8 6 Eligibility to be an appointed trustee ..............2...00 000s 9 6A Appointed trustees' term of office ........... 0.0.0 e eee eee 9

6B Appointment not affected by other laws restricting employment .. 9

6C Deputies for trustees 2.0... 2. eet 10 6D Executive officer 2.2.0.0... cece eee tee eee 10 6E Common seal... 0.6... cece 10 6F Delegation by board... 1.1... 0.6... c cece 11 6G Conduct of business ....... 0... eee 11 6H Time and place of meetings... . 1.0.02... 0.0 c eee eee ee eee 11 61 Conduct of meetings ......... 0... ccc cece eect eee ee 11 6J Resolutions other than at meetings .................2000e0eee 12

Amendment of s 7 (Powers etc. of board) ..............0..00 0000000. 12 Superannuation and Other Legislation

Amendment 7 Amendment of s 8 (Board member indemnified) ..................... 13 8 Amendment of s 9 (Remuneration of board members)................. 13 9 Amendment of s 10 (Establishment of fund)...............0......0.. 13 10 Insertion of news 12A...... 0... eee ee 14 12A Membership categories............0.. 00000. c eee eee eee 14 11 Amendment of s 13 (Membership of scheme) ..................2222. 14 12 Amendment of s 15 (Definitions for div3) ...................000000. 14 13 Omission of s 15A (Benefits payable to certain scheme members)...... 15 14 Amendment of s 15B (Special provisions for regulation-making power under division) .................. 000. cece eee eee eee 15 15 Amendment of s 15C (Benefits payable to declared relevant employees)... 6.6... ees 15 16 Amendment of s 15D (Restitution if regulation stops applying) ......... 16 17 Omission of s 16 (Accounts relating to fund) ...................0002. 16 18 Amendment of s 21 (Protection of scheme's name)................... 16 19 Amendment of s 22 (Publicity of scheme) ...................000000. 17 20 Omission of s 25 (Rates or amounts of benefit etc. to be rounded off).... 17 21 Replacement of s 28 (Contributions by units) ...............0.02--00- 17 28 Contributions by units ... 2.2.0... eee eee eee 17 22 Insertion of new ss 30A and 30B ......... eee 17 30A = Judicial notice of certain matters.............0..00..00..000. 18 30B_ References to discontinued schemes ...............0..00.000. 18 23 Insertion of new pt5 2... 6... eee 18 PART 5—TRANSITIONAL 32 Definitions for pt 5... 6... etc eens 19 33 Discontinued schemes .........0... 000000 c cee cece eee eee 21 34 Members... 0.0.0.0... eee eens 21 35 Entitlements ........ 0.00. eee eee 21 36 Trustees 2... cece eee eee eee 21 37 Discontinued funds. .... 0.0... 0.0.02 22 38 Agreements and legal proceedings ................ 00 cece cence 23