Public Sector Superannuation Reform Act 1999

Public Sector Superannuation Reform Act 1999

An Act to provide for the Tasmanian Accumulation Scheme and the incorporation of the funds under that Scheme into the Retirement Benefits Fund, to reform superannuation arrangements for certain persons employed, or appointed or elected to positions, in the public sector and for related purposes

Be it enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

PART 1 - Preliminary

1.   Short title

This Act may be cited as the Public Sector Superannuation Reform Act 1999 .

2.   Commencement

(1)  Section 18 and Schedule 2 commence on the transfer day.

(2)  The remaining provisions of this Act commence on the day after the day on which the Superannuation (Commonwealth Surcharge and Miscellaneous Amendments) Act 1999 receives the Royal Assent.

3.   Interpretation

(1)  In this Act –

accumulation scheme means the Tasmanian Accumulation Scheme established under section 7 ;

Agency means –

(a) [Section 3 Subsection (1) amended by No. 86 of 2000, Sched. 1, Applied:01 May 2001] a Government department or an organisation specified in Column 1 of Schedule 1 to the State Service Act 2000 ; or

(b) a prescribed authority that is not such an organisation; or

(c) a State-owned company; or

(d) [Section 3 Subsection (1) amended by No. 26 of 2005, Sched. 2, Applied:24 Jun 2005] another body or person carrying on an industry or undertaking for or on behalf of the State, unless the body or person is under the regulations exempt from the application of this Act; or

(e) [Section 3 Subsection (1) amended by No. 26 of 2005, Sched. 2, Applied:24 Jun 2005] [Section 3 Subsection (1) amended by No. 2 of 2006, Sched. 2, Applied:30 Jun 2006] the State Fire Commission; or

(f) [Section 3 Subsection (1) amended by No. 2 of 2006, Sched. 2, Applied:30 Jun 2006] the Tasmanian Ambulance Service;

Agency manager means –

(a) [Section 3 Subsection (1) amended by No. 86 of 2000, Sched. 1, Applied:01 May 2001] a Head of a State Service Agency; or

(b) a chief executive officer within the meaning of the Government Business Enterprises Act 1995 ; or

(c) a controlling authority of a prescribed authority that is not –

(i) [Section 3 Subsection (1) amended by No. 86 of 2000, Sched. 1, Applied:01 May 2001] a Government department or organisation specified in Column 1 of Schedule 1 to the State Service Act 2000 ; or

(ii) a Government Business Enterprise within the meaning of the Government Business Enterprises Act 1995 ; or

(d) a chief executive officer, by whatever name called, of a State-owned company; or

(e) [Section 3 Subsection (1) amended by No. 26 of 2005, Sched. 2, Applied:24 Jun 2005] a controlling authority of a body or person carrying on an industry or undertaking for or on behalf of the State; or

(f) [Section 3 Subsection (1) amended by No. 26 of 2005, Sched. 2, Applied:24 Jun 2005] [Section 3 Subsection (1) amended by No. 2 of 2006, Sched. 2, Applied:30 Jun 2006] the Chief Officer of the State Fire Commission; or

(g) [Section 3 Subsection (1) amended by No. 2 of 2006, Sched. 2, Applied:30 Jun 2006] the Director of Ambulance Services;

[Section 3 Subsection (1) amended by No. 2 of 2006, Sched. 2, Applied:30 Jun 2006] Ambulance member means a person appointed or employed under the State Service Act 2000 to perform functions for the purposes of the Ambulance Service Act 1982 ;

Board means the Retirement Benefits Fund Board continued in existence under section 7 of the Retirement Benefits Act 1993 ;

commencement day means the day first referred to in section 2(2);

[Section 3 Subsection (1) amended by No. 103 of 2000, Sched. 1, Applied:13 Dec 2000]

[Section 3 Subsection (1) amended by No. 103 of 2000, Sched. 1, Applied:13 Dec 2000] complying superannuation scheme means a complying superannuation fund as provided by the law of the Commonwealth;

compulsory preservation account has the same meaning as in the Principal Regulations;

[Section 3 Subsection (1) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005]

[Section 3 Subsection (1) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] contributory scheme means the superannuation arrangements provided by Part 5 of the Retirement Benefits Regulations 2005 ;

[Section 3 Subsection (1) amended by No. 76 of 2003, Sched. 1, Applied:01 Jan 2004] [Section 3 Subsection (1) amended by No. 86 of 2000, Sched. 1, Applied:01 May 2001] [Section 3 Subsection (1) amended by No. 26 of 2005, Sched. 2, Applied:24 Jun 2005] [Section 3 Subsection (1) amended by No. 2 of 2006, Sched. 2, Applied:30 Jun 2006]

[Section 3 Subsection (1) amended by No. 2 of 2006, Sched. 2, Applied:30 Jun 2006] employee means a person, other than a person who is excluded from the application of the Principal Regulations, who is employed in any position or capacity –

(a) as a State Service officer or State Service employee; or

(b) by a prescribed authority; or

(c) by a State-owned company; or

(d) by another body or person carrying on an industry or undertaking for or on behalf of the State –

and includes –

(e) a police officer, trainee and junior constable as defined in the Police Service Act 2003 ; and

(f) a Fire Service member who is first appointed or employed on or after 1 July 2005; and

(g) a Fire Service member appointed before 1 July 2005 who is not a member of the superannuation scheme continued by the Trust Deed in force under section 4 of the Retirement Benefits (State Fire Commission Superannuation Scheme) Act 2005 ; and

(h) an Ambulance member who is first appointed or employed on or after 30 June 2006; and

(i) an Ambulance member appointed before 30 June 2006 who is not a member of the superannuation scheme continued by the Trust Deed in force under section 4 of the Retirement Benefits (Tasmanian Ambulance Service Superannuation Scheme) Act 2006 ;

[Section 3 Subsection (1) amended by No. 26 of 2005, Sched. 2, Applied:24 Jun 2005] Fire Service member means a person appointed or employed under the State Service Act 2000 to perform functions for the purposes of the Fire Service Act 1979 ;

[Section 3 Subsection (1) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005]

[Section 3 Subsection (1) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] non-contributory scheme means the superannuation arrangements provided by Part 5 of the Retirement Benefits Regulations 1994 ;

[Section 3 Subsection (1) amended by No. 76 of 2003, Sched. 1, Applied:01 Jan 2004]

prescribed authority means an authority to which this Act applies under subsection (2) ;

preservation age means the age of 55 years or, where the law of the Commonwealth relating to superannuation provides for another age as the preservation age, that other age;

[Section 3 Subsection (1) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] Principal Regulations means the Retirement Benefits Regulations 2005 ;

[Section 3 Subsection (1) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] RSA means a Retirement Savings Account within the meaning of the Retirement Savings Accounts Act 1997 of the Commonwealth;

salary or wages has the same meaning as in the Superannuation Guarantee (Administration) Act 1992 of the Commonwealth, as amended;

State-owned company means a company incorporated under the Corporations Law which is controlled by the Crown, a Government Business Enterprise or a statutory authority or another company which is so controlled;

transfer day means the day specified by the Minister under section 7(5) in a notice approving a Trust Deed as the day on which the Trust Deed is to take effect;

transferring member means a person who, immediately before the transfer day, is a member of the non-contributory scheme;

Trust Deed means the Trust Deed referred to in section 7 and includes that Deed as amended or substituted from time to time.

(2)  The Minister may, by notice published in the Gazette, declare that this Act applies to a joint authority under section 38 of the Local Government Act 1993 or any other specified authority.

(3)  For the purposes of the definition of "State-owned company" in subsection (1) , the provisions of the Corporations Law relating to control are taken to apply as if the Crown, Government Business Enterprise or statutory authority, as the case may be, were a corporation under that Law.

3A.   Objects of Act

[Section 3A Inserted by No. 91 of 1999, s. 64, Applied:15 Dec 1999] The objects of this Act are to provide a superannuation scheme for –

(a) a person who after 1 July 1999 is first appointed as Governor; and

(b) a person who after 1 July 1999 is elected as a member of Parliament and to whom neither the Parliamentary Superannuation Act 1973 nor the Parliamentary Retiring Benefits Act 1985 applies; and

(c) [Section 3A Amended by No. 55 of 2007, Sched. 1, Applied:01 Mar 2008] a person who after 1 July 1999 is appointed as a judge or the Associate Judge of the Supreme Court; and

(d) a person who after 1 July 1999 is appointed as the Solicitor-General or the Director of Public Prosecutions; and

(e) persons employed by the State or State authorities; and

(f) any other person for whom provision is made in any other Act to make contributions, or to transfer a lump sum benefit, to the accumulation scheme; and

(g) in certain cases, the spouses and beneficiaries of any person referred to in paragraph (a) , (b) , (c) , (d) , (e) or (f) .

PART 2 - Closure of contributory scheme

4.   Closure of contributory scheme

(1)  The contributory scheme does not apply to an employee appointed or engaged on or after the commencement day.

(2)  A person who –

(a) has been continuously employed in a permanent part-time capacity in an Agency before 1 July 1994; and

(b) has not previously elected to contribute to the contributory scheme –

may elect, in writing to the Board, to contribute to that scheme on and from the date of the election.

(3)  [Section 4 Subsection (3) omitted by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] .  .  .  .  .  .  .  .  

(4)  [Section 4 Subsection (4) omitted by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] .  .  .  .  .  .  .  .  

(5)  [Section 4 Subsection (5) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] A married female employee who –

(a) was employed in a permanent capacity in an Agency before 1 July 1982; and

(b) has been continuously so employed since that date; and

(c) is not contributing to the contributory scheme –

may elect, in accordance with regulation 30 of the Principal Regulations, to contribute to that scheme.

(6)  [Section 4 Subsection (6) substituted by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] Notwithstanding subsection (1) , regulation 85(5) of the Principal Regulations continues to apply in respect of a person who is an invalidity pensioner within the meaning of the Principal Regulations.

(7)  [Section 4 Subsection (7) inserted by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] Subsection (1) does not apply to a person if the Board has certified under the Principal Regulations that a break in service does not affect the continuity of his or her service.

5.   Employee contributions

(1)  [Section 5 Subsection (1) omitted by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] .  .  .  .  .  .  .  .  

(2)  [Section 5 Subsection (2) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] An employee appointed or engaged on or after the commencement day must pay contributions at the rate of 5 per cent of salary, unless he or she elects at any time to contribute at another rate that is a multiple of one per cent of salary or to make no contributions.

(3)  Contributions made in accordance with subsection (2) and interest on those contributions are to be credited to the employee's account.

PART 3 - Accumulation scheme

6.   Election for scheme and payment into scheme

(1)  [Section 6 Subsection (1) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] An employee appointed or engaged on or after the transfer day is a member of the accumulation scheme unless he or she elects, after commencing employment, to become a member of an RSA or another complying superannuation scheme.

(2)  [Section 6 Subsection (2) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] Notwithstanding subsection (1) , an employee appointed or engaged on or after the transfer day may elect, before commencing employment, to become a member of an RSA or another complying superannuation scheme.

(3)  [Section 6 Subsection (3) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] If an employee has become a member of an RSA or a complying superannuation scheme, other than the accumulation scheme, that employee may at any time elect to become a member of the accumulation scheme.

(4)  An election under this section is to be made in writing to the Agency in which the employee is to commence employment or is employed.

(5)  Where an employee elects to become a member of a complying superannuation scheme other than the accumulation scheme, the Agency manager on behalf of the Agency must, on being satisfied after making reasonable inquiries that the nominated scheme is a complying superannuation scheme, make employer superannuation contributions –

(a) in accordance with subsection (7) ; and

(b) in the manner required by the rules of that scheme and the requirements of the law of the Commonwealth.

(5A)  [Section 6 Subsection (5A) inserted by No. 103 of 2000, Sched. 1, Applied:13 Dec 2000] [Section 6 Subsection (5A) substituted by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] Notwithstanding subsection (5) , where an election is made under this section, employer contributions are to be calculated by reference to the employee's salary as defined by the Trust Deed and in accordance with the rate of those contributions specified in that Deed.

(5B)  [Section 6 Subsection (5B) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] [Section 6 Subsection (5B) inserted by No. 103 of 2000, Sched. 1, Applied:13 Dec 2000] An employee appointed or engaged on or after the commencement of this subsection who elects to join an RSA or a complying superannuation scheme other than the accumulation scheme must pay contributions at the rate of 5 per cent of salary, unless he or she elects at any time to contribute at another rate that is a multiple of one per cent of salary or to make no contributions.

(6)  [Section 6 Subsection (6) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] Where an employee elects to become a member of the accumulation scheme or another complying superannuation scheme, the Agency manager on behalf of the Agency must make employer superannuation contributions as provided by subsection (7) and in the manner required by the rules of that scheme.

(6A)  [Section 6 Subsection (6A) inserted by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] Where an employee elects to become a member of an RSA, the Agency manager on behalf of the Agency must make employer superannuation contributions to that RSA as provided by subsection (7) .

(7)  The rate of employer superannuation contributions is to be the relevant rate specified in the following table:

Period	Rate as percentage of salary or wages
From the transfer day to 30 June 2000	7%
From 1 July 2000 to 30 June 2002	8%
From 1 July 2002 onwards	9%

(8)  [Section 6 Subsection (8) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] The Retirement Benefits Act 1993 and the Principal Regulations, other than Part 5 , apply in respect of an employee who becomes a member of the accumulation scheme, except to the extent of any inconsistency with the Trust Deed and this Act.

7.   Creation of Trust Deed

(1)  Within 4 months after the commencement day or before such later day as the Minister may, in writing, approve, the Board must prepare and submit to the Minister for approval a draft of a Trust Deed to establish the Tasmanian Accumulation Scheme.

(2)  The Minister may approve or disapprove of the draft.

(3)  The Minister must not approve of the draft unless he or she –

(a) has consulted with the Tasmanian Trades and Labor Council; and

(b) is satisfied that it complies with, and is consistent with, this Act and the law of the Commonwealth.

(4)  The Minister must notify the Board, in writing, of his or her approval or disapproval of a draft submitted under subsection (1) and, in the event of disapproval, the Board must prepare and submit to the Minister a revised draft in accordance with this section and any requests made by the Minister.

(5)  If the Minister approves of a draft, the notice of that approval provided to the Board must specify the day on which the Trust Deed is to take effect.

(6)  After the Minister approves the Trust Deed –

(a) the Minister and the Board must execute the Trust Deed; and

(b) the Minister must cause to be published in the Gazette notice of –

(i) the Minister's approval; and

(ii) the execution of the Trust Deed; and

(iii) the transfer day.

(7)  The Trust Deed takes effect on the transfer day.

(8)  The Trust Deed is binding on, and in respect of, all Agencies.

8.   Application of Trust Deed

The Trust Deed applies to –

(a) a transferring member; and

(b) an employee who is a member of the accumulation scheme –

unless that transferring member or employee has elected to cease to be a member of the accumulation scheme.

9.   Contents of Trust Deed

(1)  The Trust Deed must provide that –

(a) the employer superannuation contribution rate is the relevant rate specified in the table in section 6(7) ; and

(b) subject to paragraph (c) , a member of the accumulation scheme must make contributions at the rate of 5 per cent of salary, unless he or she elects to contribute at another rate that is a multiple of one per cent of salary or to make no contributions; and

(c) [Section 9 Subsection (1) amended by No. 103 of 2000, Sched. 2, Applied:24 Apr 2000] a member of the non-contributory scheme before the commencement day who becomes a member of the accumulation scheme after the transfer day is initially taken to have elected to maintain the same rate of contributions as in force immediately before the transfer day, but may elect at any time to vary that rate as provided in the Trust Deed; and

(d) the accumulation scheme is to provide benefits and be administered by the Board in accordance with this Act and the requirements of the law of the Commonwealth; and

(e) employer superannuation contributions to the accumulation scheme are to be fully funded at all times; and

(f) the accumulation scheme is to provide for a basic level of death and disability cover for all members of the accumulation scheme under 60 years of age with the cost of that cover to be met from the members' accounts in accordance with the Trust Deed; and

(g) the accumulation scheme is to provide an option for those members of a greater or lesser level of death and disability cover or an option to have no cover, with any cost of that cover to be met from the members' accounts in accordance with the Trust Deed; and

(ga) [Section 9 Subsection (1) amended by No. 103 of 2000, Sched. 2, Applied:24 Apr 2000] the Board may accept an election from a member not to be covered for death and disability only if that member produces evidence to the satisfaction of the Board that he or she has adequate alternative death and disability cover; and

(h) [Section 9 Subsection (1) amended by No. 59 of 2004, s. 12, Applied:17 Dec 2004] allocated pensions, market-linked income streams and lump sums are to be the only benefit options provided by the accumulation scheme; and

(i) a member of the accumulation scheme is to be provided with a choice from a range of investment options, with one option, unless otherwise approved by the Minister, being investment in a portfolio consisting of government fixed interest securities; and

(j) there are to be arrangements for appeals against decisions, determinations and orders of the Board in the course of its administration of the accumulation scheme; and

(k) [Section 9 Subsection (1) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] a member of the accumulation scheme may elect, at any time in writing to the Board, to cease to be such a member and to transfer his or her accumulated benefit to another complying superannuation scheme or an RSA.

(1A)  [Section 9 Subsection (1A) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] [Section 9 Subsection (1A) inserted by No. 103 of 2000, Sched. 2, Applied:24 Apr 2000] Notwithstanding subsection (1)(h) , where on 14 May 1999 a person had the right to receive a pension under the Retirement Benefits Regulations 1994 , the Trust Deed is to provide for that person to remain entitled to that right.

(2)  The Trust Deed may provide for all other matters necessary or expedient in order to give effect to the accumulation scheme.

10.   Effect of Trust Deed

[Section 10 Subsection (3) substituted by No. 103 of 2000, Sched. 2, Applied:24 Apr 2000] [Section 10 Substituted by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] The provisions of this Act and the Trust Deed apply to the transferring member.

11.   Amendment or substitution of Trust Deed

(1)  The Trust Deed may be amended, or revoked and substituted, in accordance with the Trust Deed.

(2)  Section 7 , other than subsection (5) , applies, with any necessary modification, in respect of an amendment to, or a revocation and substitution of, the Trust Deed.

(3)  An amendment to, or a revocation and substitution of, the Trust Deed takes effect on the day on which the notice under section 7(6)(b) is published in the Gazette.

(4)  [Section 11 Subsection (4) inserted by No. 103 of 2000, Sched. 1, Applied:13 Dec 2000] Notwithstanding subsections (1) , (2) and (3) , the Minister may amend the Trust Deed in accordance with subsections (5) , (6) and (7) .

(5)  [Section 11 Subsection (5) inserted by No. 103 of 2000, Sched. 1, Applied:13 Dec 2000] The Minister must consult with the Board and the Tasmanian Trades and Labor Council with respect to any proposed amendment.

(6)  [Section 11 Subsection (6) inserted by No. 103 of 2000, Sched. 1, Applied:13 Dec 2000] Where, following that consultation, the Minister resolves to amend the Trust Deed –

(a) the Minister and the Board must execute the amendment; and

(b) the Minister must cause to be published in the Gazette notice of –

(i) the amendment; and

(ii) the date when the amended Trust Deed takes effect.

(7)  [Section 11 Subsection (7) inserted by No. 103 of 2000, Sched. 1, Applied:13 Dec 2000] The Trust Deed must not be amended so as to authorise any payment from the accumulation scheme to an Agency other than an expense incurred in the normal course of administration or a refund of overpaid contributions.

12.   Accumulation scheme fund

(1)  The accumulation scheme forms part of the superannuation scheme referred to in section 5 of the Retirement Benefits Act 1993 .

(2)  The funds established under the Trust Deed in respect of the accumulation scheme –

(a) form part of the Retirement Benefits Fund continued by section 11 of the Retirement Benefits Act 1993 ; and

(b) are to be administered by the Board as subfunds of the Retirement Benefits Fund.

13.   Annual reports

[Section 13 Substituted by No. 103 of 2000, Sched. 1, Applied:13 Dec 2000]

(1)  [Section 13 Subsection (1) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] Where an Agency is required to produce an annual report, that report is to include a certification by the relevant Agency manager that, if it is the case, the Agency has met its obligations under the Superannuation Guarantee (Administration) Act 1992 of the Commonwealth, as amended, in respect of any employee who is or becomes a member of a complying superannuation scheme or an RSA to which the Agency contributes, other than the accumulation scheme or the contributory scheme.

(2)  [Section 13 Subsection (2) amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] An Agency is to include in its annual report such other information relating to superannuation schemes or RSAs of which its employees are members as may be prescribed in the regulations.

PART 4 - Miscellaneous and supplemental

14.   Application of Principal Regulations

(1)  The Principal Regulations apply to the administration and operation of the accumulation scheme and the funds established under the Trust Deed with such modifications as may be necessary and in accordance with any prescribed modifications.

(2)  Subsection (1) does not operate so as to disturb the effect of any provision of this Act or the Trust Deed which is inconsistent with the Principal Regulations.

15.   Regulations

(1)  The Governor may make regulations for the purposes of this Act.

(2)  Without limiting the generality of subsection (1) , the Governor may make regulations that contain provisions –

(a) enabling a member of the contributory scheme to transfer from that scheme to the accumulation scheme or another complying superannuation scheme and providing for related matters; and

(b) modifying the operation of the Principal Regulations in their application to the accumulation scheme; and

(c) of a savings or transitional nature consequent on the enactment of this Act or the establishment, amendment or substitution of the Trust Deed, including but not limited to the transfer of assets and liabilities.

(3)  A regulation of a kind referred to in subsection (2) may take effect on and from the day on which this Act commences or the day on which the Trust Deed is established, amended or substituted, as the case requires, or on and from a later date.

(4)  Regulations made under this section –

(a) may be made so as to apply differently according to matters, limitations or restrictions, whether as to time, circumstance or otherwise, specified in the regulations; and

(b) may authorise any matter to be from time to time determined, applied or regulated by the Board; and

(c) may adopt, either wholly or in part and with or without modification, and either specifically or by reference, any provisions of the Retirement Benefits Act 1993 , the Principal Regulations or the Trust Deed.

15A.   Validation of notice

[Section 15A Inserted by No. 59 of 2004, s. 13, Applied:17 Dec 2004] The notice by the Treasurer published in the Gazette on 22 September 1999 declaring that this Act applies to the authorities specified in the notice is taken to have applied, with effect from 15 May 1999, to each of the joint authorities, State-owned companies, Agencies or parts of Agencies specified in that notice and to have had effect as if –

(a) the reference to the Royal Tasmanian Botanical Gardens were a reference to the board of trustees under the Botanical Gardens Act 1950 or the Botanical Gardens Board under the Royal Tasmanian Botanical Gardens Act 2002 , as may be appropriate; and

(b) the reference to Marine and Safety Tasmania were a reference to the Marine and Safety Authority; and

(c) the reference to the Port Arthur Historical Site Management Authority were a reference to the Port Arthur Historic Site Management Authority.

16.   Administration of Act

Until provision is made in relation to this Act by order under section 4 of the Administrative Arrangements Act 1990  –

(a) the administration of this Act is assigned to the Treasurer; and

(b) the department responsible to the Treasurer in relation to the administration of this Act is the Department of Treasury and Finance.

17.   

See Schedule 1 .

18.   Retirement Benefits Regulations 1994 amended

(1)  The Retirement Benefits Regulations 1994 are amended as specified in Schedule 2 .

(2)  The amendments made by Schedule 2 have effect, notwithstanding section 29 of the Retirement Benefits Act 1993.

SCHEDULE 1 - Consequential Amendments to various Acts

The amendments effected by Section 17 and this Schedule have been incorporated into authorised versions of the following Acts:

(a) Electricity Companies Act 1997 ;

(b) Government Business Enterprises Act 1995 ;

(c) Metro Tasmania (Transitional and Consequential Provisions) Act 1997 ;

(d) Printing Authority of Tasmania Act 1994 ;

(e) Retirement Benefits Act 1993 ;

(f) TT-Line Arrangements Act 1993 .

SCHEDULE 2 - Amendments of Retirement Benefits Regulations 1994

The amendments effected by Section 18 and this Schedule have been incorporated into the authorised version of the Retirement Benefits Regulations 1994 .