{"id":"nsw:act-1999-005","name":"Superannuation Administration Authority Corporatisation Act 1999","slug":"superannuation-administration-authority-corporatisation-act-1999","collection":"act","jurisdiction":"nsw","status":"in_force","isInForce":true,"actNumber":"5 of 1999","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":105209,"registerId":"nsw-act-1999-005-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Part 1","sectionType":"part","heading":"Preliminary","content":"# Part 1 Preliminary\n\nPart 1 Preliminary","sortOrder":0},{"sectionNumber":"1","sectionType":"section","heading":"Name of Act","content":"#### 1 Name of Act\n\n1 Name of Act\n\n> This Act is the [Superannuation Administration Authority Corporatisation Act 1999](/view/html/inforce/current/act-1999-005).","sortOrder":1},{"sectionNumber":"2","sectionType":"section","heading":"Commencement","content":"#### 2 Commencement\n\n2 Commencement\n\n> This Act commences on a day or days to be appointed by proclamation.","sortOrder":2},{"sectionNumber":"3","sectionType":"section","heading":"Definitions","content":"#### 3 Definitions\n\n3 Definitions\n\n> > (1) In this Act:\n> > \n> > assets means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property of any description (including money), and includes securities, choses in action and documents.\n> > \n> > exercise a function includes perform a duty.\n> > \n> > function includes a power, authority or duty.\n> > \n> > liabilities means all liabilities, debts and obligations (whether present or future and whether vested or contingent).\n> > \n> > Ministerial Holding Corporation means the Ministerial Holding Corporation constituted under section 37B of the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134).\n> > \n> > rights means all rights, powers, privileges and immunities (whether present or future and whether vested or contingent).\n> > \n> > SAA means the Superannuation Administration Authority of New South Wales established by the [Superannuation Administration Act 1996](/view/html/inforce/current/act-1996-039).\n> > \n> > superannuation scheme means a scheme, fund or arrangement (whether or not established by an Act) under which any benefits are provided.\n> > \n> > the Corporation means the statutory State owned corporation constituted by this Act.\n> \n> > (2) Words and expressions used in this Act and also the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134) have the same meanings in this Act as they have in that Act.\n> \n> > (3) Notes in the text of this Act do not form part of this Act.","sortOrder":3},{"sectionNumber":"4","sectionType":"section","heading":"Dissolution of SAA","content":"#### 4 Dissolution of SAA\n\n4 Dissolution of SAA\n\n> > (1) SAA is dissolved.\n> \n> > (2) The following Schedules have effect:\n> > \n> > > Schedule 1 (Transfer of assets, rights and liabilities)\n> > \n> > > Schedule 2 (Transfer of staff).","sortOrder":4},{"sectionNumber":"Part 2","sectionType":"part","heading":"Establishment of Superannuation Administration Corporation as statutory State owned corporation","content":"# Part 2 Establishment of Superannuation Administration Corporation as statutory State owned corporation\n\nPart 2 Establishment of Superannuation Administration Corporation as statutory State owned corporation","sortOrder":5},{"sectionNumber":"5","sectionType":"section","heading":"Establishment of statutory SOC","content":"#### 5 Establishment of statutory SOC\n\n5 Establishment of statutory SOC\n\n> > (1) There is constituted by this Act a corporation with the corporate name of Superannuation Administration Corporation. The Governor may by regulation change the corporate name of the Corporation.\n> \n> > (2) The [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134) is amended by inserting in Schedule 5, in alphabetical order, the words “Superannuation Administration Corporation”.\n> > \n> > Note—\n> > \n> > The [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134) contains many provisions that apply to the Corporation as a statutory State owned corporation. In particular, Part 3 contains provisions relating to its status, the application of the [Corporations Act 2001](http://www.legislation.gov.au/) of the Commonwealth, the issue of shares to the Treasurer and another Minister, the board of directors, the chief executive officer, the employment of staff, the giving of directions by the portfolio Minister (including directions for the performance of non-commercial activities or the carrying out of public sector policies), the memorandum and articles, dividends and tax-equivalent payments, government guarantees, the sale or disposal of assets and legal capacity. Part 4 deals with the accountability of State owned corporations (including statements of corporate intent, annual reports and accounts). Part 5 deals with miscellaneous matters (including the duties and liabilities of directors and the application of public sector legislation).\n> \n> **s 5:** Am 2001 No 34, Sch 4.60.","sortOrder":6},{"sectionNumber":"6","sectionType":"section","heading":null,"content":"#### 6\n\n6 (Repealed)","sortOrder":7},{"sectionNumber":"7","sectionType":"section","heading":"Functions of the Corporation","content":"#### 7 Functions of the Corporation\n\n7 Functions of the Corporation\n\n> > (1) The Corporation has the functions conferred or imposed on it by or under this or any other Act or law.\n> \n> > (2) The principal functions of the Corporation are the development, promotion and conduct of its business of providing superannuation scheme administration and related services.\n> \n> > (3) For the purposes of exercising its principal functions, the Corporation may provide services that include (but are not limited to) the following:\n> > \n> > > (a) collecting contributions to superannuation schemes,\n> > \n> > > (b) keeping and maintaining member records,\n> > \n> > > (c) providing information and advice to members,\n> > \n> > > (d) preparing financial statements on behalf of trustees,\n> > \n> > > (e) processing of claims and payment of benefits.\n> \n> > (3A) The Corporation may also provide administration and related services to financial service providers.\n> \n> > (3B) For that purpose, the Corporation may provide services that include (but are not limited to) the following:\n> > \n> > > (a) collecting payments on behalf of financial service providers,\n> > \n> > > (b) providing information and advice to clients of financial service providers,\n> > \n> > > (c) keeping and maintaining client records,\n> > \n> > > (d) preparing financial statements on behalf of financial service providers,\n> > \n> > > (e) processing claims and other transactions on behalf of financial service providers.\n> \n> > (3C) The Corporation has such other functions as may be prescribed by the regulations.\n> \n> > (4) This section does not limit the functions of the Corporation apart from this section, but is subject to the provisions of this Act, the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134), the [Superannuation Administration Act 1996](/view/html/inforce/current/act-1996-039) and any other Act or law.\n> \n> Note—\n> \n> Section 20E of the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134) sets out the principal objectives of statutory State owned corporations.\n> \n> **s 7:** Am 2010 No 121, Sch 1 \\[2\\]–\\[5\\].","sortOrder":9},{"sectionNumber":"8","sectionType":"section","heading":"Transfer of general assets, rights and liabilities of SAA","content":"#### 8 Transfer of general assets, rights and liabilities of SAA\n\n8 Transfer of general assets, rights and liabilities of SAA\n\n> > (1) The general assets, rights and liabilities of SAA are transferred to the Corporation.\n> \n> > (2) The general assets, rights and liabilities of SAA are the assets, rights and liabilities of SAA immediately before its dissolution by this Act.\n> \n> > (3) Schedule 1 applies to the transfer effected by this section.","sortOrder":10},{"sectionNumber":"9","sectionType":"section","heading":"Transfer of specified assets, rights and liabilities to Ministerial Holding Corporation or other person","content":"#### 9 Transfer of specified assets, rights and liabilities to Ministerial Holding Corporation or other person\n\n9 Transfer of specified assets, rights and liabilities to Ministerial Holding Corporation or other person\n\n> > (1) The Minister may, on or before the dissolution of SAA, by order in writing, transfer such assets, rights and liabilities of SAA as are specified or referred to in the order to the Ministerial Holding Corporation or to any other person on behalf of the State.\n> \n> > (2) Schedule 1 applies to a transfer under this section.","sortOrder":11},{"sectionNumber":"10","sectionType":"section","heading":"Transfer of assets, rights and liabilities of the Corporation","content":"#### 10 Transfer of assets, rights and liabilities of the Corporation\n\n10 Transfer of assets, rights and liabilities of the Corporation\n\n> > (1) The Minister may, by order in writing, transfer such assets, rights and liabilities of the Corporation as:\n> > \n> > > (a) were transferred to the Corporation from SAA by operation of section 8, and\n> > \n> > > (b) are specified or referred to in the order,\n> > \n> > to the Ministerial Holding Corporation or to any other person on behalf of the State, but only during the period of 12 months after the dissolution of SAA.\n> \n> > (2) Schedule 1 applies to a transfer under this section.","sortOrder":12},{"sectionNumber":"11","sectionType":"section","heading":"Special provisions concerning management of the Corporation","content":"#### 11 Special provisions concerning management of the Corporation\n\n11 Special provisions concerning management of the Corporation\n\n> > (1) Schedule 3 has effect.\n> \n> > (2) The provisions of Schedule 3 are in addition to and (except to the extent to which that Schedule provides) do not derogate from the provisions of the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134).","sortOrder":13},{"sectionNumber":"Part 3","sectionType":"part","heading":"Miscellaneous","content":"# Part 3 Miscellaneous\n\nPart 3 Miscellaneous","sortOrder":14},{"sectionNumber":"12","sectionType":"section","heading":"Confidentiality","content":"#### 12 Confidentiality\n\n12 Confidentiality\n\n> The provisions of section 29 of the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134) do not apply to require the board to supply to the voting shareholders or the portfolio Minister information relating to an individual member of a superannuation scheme, and the board must not furnish any such information except with the member’s consent.","sortOrder":15},{"sectionNumber":"13","sectionType":"section","heading":null,"content":"#### 13\n\n13 (Repealed)","sortOrder":16},{"sectionNumber":"14","sectionType":"section","heading":"Service of documents on the Corporation","content":"#### 14 Service of documents on the Corporation\n\n14 Service of documents on the Corporation\n\n> > (1) A document may be served on the Corporation by leaving it at, or by sending it by post to, the principal office of the Corporation.\n> \n> > (2) Nothing in this section affects the operation of any other Act or law, or of any rules of court, that authorise a document to be served on the Corporation in any other manner.","sortOrder":18},{"sectionNumber":"15","sectionType":"section","heading":"Regulations","content":"#### 15 Regulations\n\n15 Regulations\n\n> The Governor may make regulations, not inconsistent with this Act, for or with respect to any matter that by this Act is required or permitted to be prescribed or that is necessary or convenient to be prescribed for carrying out or giving effect to this Act.","sortOrder":19},{"sectionNumber":"16","sectionType":"section","heading":null,"content":"#### 16\n\n16, 17 (Repealed)","sortOrder":20},{"sectionNumber":"18","sectionType":"section","heading":"Savings, transitional and other provisions","content":"#### 18 Savings, transitional and other provisions\n\n18 Savings, transitional and other provisions\n\n> Schedule 6 has effect.","sortOrder":22},{"sectionNumber":"Schedule 1","sectionType":"schedule","heading":"Transfer of assets, rights and liabilities","content":"# Schedule 1 Transfer of assets, rights and liabilities\n\nSchedule 1 Transfer of assets, rights and liabilities\n\n(Sections 4, 8, 9 and 10)","sortOrder":23},{"sectionNumber":"Schedule 2","sectionType":"schedule","heading":"Transfer of staff","content":"# Schedule 2 Transfer of staff\n\nSchedule 2 Transfer of staff\n\n(Section 4)\n\n**sch 2:** Am 2010 No 54, Sch 3.16; 2013 No 36, Sch 2.6 \\[1\\]–\\[5\\].","sortOrder":32},{"sectionNumber":"Schedule 3","sectionType":"schedule","heading":"Special provisions concerning management of the Corporation","content":"# Schedule 3 Special provisions concerning management of the Corporation\n\nSchedule 3 Special provisions concerning management of the Corporation\n\n(Section 11)\n\n**sch 3:** Am 2005 No 64, Sch 2.55 \\[1\\] \\[2\\]; 2015 No 15, Sch 3.55.","sortOrder":39},{"sectionNumber":"Schedule 4","sectionType":"schedule","heading":null,"content":"# Schedule 4\n\nSchedules 4, 5 (Repealed)\n\n**sch 4:** Rep 2005 No 64, Sch 3.\n\n**sch 5:** Rep 2005 No 64, Sch 3.","sortOrder":44},{"sectionNumber":"Schedule 6","sectionType":"schedule","heading":"Savings, transitional and other provisions","content":"# Schedule 6 Savings, transitional and other provisions\n\nSchedule 6 Savings, transitional and other provisions\n\n(Section 18)","sortOrder":45}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":5,"scope_assessment":{"changed":true,"description":"The original 1999 Act was narrowly focused on corporatising the SAA and transferring its superannuation administration functions. However, amendments in 2010 (No 121) significantly expanded the Corporation's functions beyond public sector superannuation. Section 7 now allows the Corporation to provide 'administration and related services to financial service providers' — essentially opening up commercial operations in the broader financial services sector. This transforms the Corporation from a dedicated public sector superannuation administrator into a potential competitor in the private financial services market."},"complexity_factors":["Extensive cross-referencing to the State Owned Corporations Act 1989 (the Corporation's governance is largely defined by that Act, not this one)","Multiple schedules governing different aspects: asset transfers (Schedule 1), staff transfers (Schedule 2), special management rules (Schedule 3), and transitional provisions (Schedule 6)","Conditional vesting of assets — automatic transfer under s.8 vs. minister-ordered transfers under ss.9-10 with different timing rules","Nested exceptions in board composition (Schedule 3, clause 1) — CEO is a director by default, but specific SOC Act provisions don't apply","Savings and transitional provisions that modify other Acts' application (e.g., Annual Reports Act, Public Finance and Audit Act)","Definition of 'assets' and 'liabilities' includes future/contingent interests (present and future, vested or contingent) — standard but technical property law language","Repealed sections and schedules (ss.6, 13, 16, 17; Schedules 4-5) indicating legislative evolution through amendments"],"plain_english_summary":"This law turns a New South Wales government superannuation agency into a corporation.\n\n**What it does:**\n- **Abolishes** the Superannuation Administration Authority (SAA) — a government body that managed superannuation (retirement savings) schemes for public sector workers.\n- **Creates** a new government-owned company called the Superannuation Administration Corporation to take over the SAA's work.\n- **Transfers** all the SAA's property, money, contracts, and staff to the new Corporation automatically.\n- **Sets up special rules** for how the new Corporation is run — including who sits on its board, how the CEO is appointed, and how staff keep their existing pay and leave entitlements.\n\n**Who it affects:**\n- Public sector employees whose superannuation was managed by the SAA (now managed by the Corporation instead).\n- Former SAA staff, who become employees of the new Corporation with their existing job conditions protected.\n- The NSW Government, which owns the Corporation through shareholdings held by ministers.\n\n**Why it matters:**\nThis is a **corporatisation** — converting a government authority into a state-owned company. The goal is typically to make the body operate more like a business (with a board, corporate governance, and commercial flexibility) while remaining government-owned. The law ensures a smooth handover so that superannuation members don't experience disruption, and staff don't lose their accrued benefits."},"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"flash_summary":{"complexity_score":6,"scope_assessment":{"changed":true,"description":"The Act changes the legal form and governance framework of the entity that ran SAA’s business: SAA is dissolved and a statutory State owned corporation (the Corporation) is constituted in its place (s 4; s 5). Assets, rights and liabilities transfer automatically to the Corporation (s 8; Schedule 1), and staff transfer to the Corporation as employees with preservation of accrued leave and existing entitlements (Schedule 2 cl 3–5). The Corporation’s principal functions are framed as a commercial business of providing superannuation administration and related services, including services to private financial service providers (s 7(2)–(3B)). Governance shifts to the State Owned Corporations Act framework subject to specific special provisions and exclusions in this Act and its schedules (s 5 note; Schedule 3). The Minister retains time-limited power to reallocate specified assets, rights and liabilities to the Ministerial Holding Corporation or other persons on behalf of the State (s 9; s 10; Schedule 1). These mechanics together change the entity’s legal character, governance, and some employment law settings while preserving continuity of operations through automatic transfer rules."},"complexity_factors":["Extensive cross-references to the State Owned Corporations Act 1989 and other Acts (e.g. Public Sector Management Act, Industrial Relations Act) which require reading multiple instruments to understand full effect (s 5 note; Schedule 3; Schedule 2 cl 4(2)).","Multiple schedules that implement automatic vesting, staff transfer, management rules and transitional provisions (Schedules 1–3, 6) with detailed mechanical consequences.","Ministerial discretions and time-limited powers to reallocate specified assets and liabilities (s 9; s 10; Schedule 1 cl 5) introduce conditional complexity.","Carve-outs and exclusions from standard SOC provisions and public sector employment rules (Schedule 3 cl 2(2); Schedule 3 cl 3(5); Schedule 2 cl 4(2)) require careful mapping of which rules apply and which do not.","Automatic vesting provisions that alter contract/registration mechanics (Schedule 1 cl 3–4) and provide conclusive ministerial confirmation (Schedule 1 cl 8) raise practical legal-administrative implications.","Confidentiality constraint (s 12) interacts with corporate accountability duties in the SOC Act, producing potentially non-intuitive information flows to shareholders and the Minister.","Transitional reporting and audit arrangements (Schedule 6 cl 5–6) and delegated regulation-making power (s 15) create layered implementation responsibilities across agencies."],"plain_english_summary":"### What this law does, in simple terms\n\n- The Act closes down the Superannuation Administration Authority (SAA) and creates a new statutory State owned corporation called the Superannuation Administration Corporation (the Corporation) (section 4; section 5). The Governor may change the Corporation's corporate name by regulation (s 5(1)).\n\n- All of SAA’s general assets, rights and liabilities transfer to the Corporation automatically on dissolution (s 8; Schedule 1). The Minister may, before or within 12 months after dissolution, direct that particular assets, rights or liabilities instead be transferred to the Ministerial Holding Corporation or another person on behalf of the State (s 9, s 10; Schedule 1). The Minister can specify the consideration and values for such transfers (Schedule 1 cl 6), and confirm transfers by written notice (Schedule 1 cl 8).\n\n- The Corporation’s principal business purpose is to develop, promote and operate a business of providing superannuation administration and related services (s 7(2)). The Act expressly permits the Corporation to provide administration services to private financial service providers as well (s 7(3A)–(3B)). Regulations may add further functions (s 7(3C)).\n\n- Staff and management arrangements change: SAA staff become employees of the Corporation on dissolution (Schedule 2 cl 3). Existing employment conditions and accrued leave are preserved pending any lawful change (Schedule 2 cl 4–5). The SAA chief executive officer ceases that office but is eligible to be appointed CEO of the Corporation; limited transitional entitlements and employment law consequences are set out (Schedule 2 cl 2; cl 3(3)).\n\n- Governance is governed by the State Owned Corporations Act 1989 but with special rules in this Act and Schedule 3. The board must include the chief executive officer and between three and six other directors appointed by the voting shareholders (Schedule 3 cl 1). Voting shareholders appoint the chair and may remove directors or the chair at a duly convened meeting, with removal effective at the meeting (Schedule 3 cl 1(3)–(5)). The board appoints the Corporation’s chief executive officer after consulting voting shareholders and may remove the CEO after consultation (Schedule 3 cl 3).\n\n- The Act preserves confidentiality of individual superannuation members: the board is not required under the SOC Act to give the voting shareholders or portfolio Minister information about an individual member, and must not provide such information without the member’s consent (s 12).\n\n- The Act contains transitional and savings provisions (Schedule 6). It also provides practical mechanics for vesting transfers (Schedule 1), service of documents (s 14), and gives the Governor power to make regulations for anything necessary to implement the Act (s 15).\n\n### Who is affected and who decides (mechanically)\n\n- The State and the voting shareholders control major governance decisions: the voting shareholders appoint and remove directors (Schedule 3 cl 1(1)(c), cl 1(5)); they can extend timelines for the first statement of corporate intent (Schedule 6 cl 4). The Minister has specific powers to order transfers of specified assets, rights or liabilities to the Ministerial Holding Corporation or another person and to set the consideration for those transfers (s 9, s 10; Schedule 1 cl 6). The board appoints and can remove the CEO after consulting voting shareholders (Schedule 3 cl 3).\n\n- Former SAA employees are transferred to the Corporation as employees on the day SAA is dissolved (Schedule 2 cl 3). Their accrued leave and existing statutory or industrial conditions are preserved until changed by law or agreement (Schedule 2 cl 4–5). Some public-sector employment rules are stated not to apply to the Corporation or its CEO (Schedule 2 cl 4(2); Schedule 3 cl 3(5)).\n\n- Individual superannuation members retain control over disclosure of their personal scheme information: the board must not provide individual-member information to voting shareholders or the portfolio Minister without the member’s consent (s 12).\n\n### Why it matters (official aim and mechanical consequences)\n\n- The Act converts a statutory authority (SAA) into a statutory State owned corporation with an explicit commercial-style mandate to provide superannuation administration services and to offer related services to private financial service providers (s 7(2)–(3B); s 5 referring to the State Owned Corporations Act 1989). The Act therefore changes the legal form, governance arrangements and some employment law settings while keeping prior assets, liabilities and staff in place via automatic transfer rules (s 8; Schedule 1; Schedule 2). The Act’s Note and cross-reference to the State Owned Corporations Act indicate that many corporate and accountability rules from that Act will apply (s 5 note).\n\n### Practical trade-offs, incentives and implementation mechanics (source-cited)\n\n- Concentrated control and discretion: voting shareholders have direct appointment and removal power over directors and chair (Schedule 3 cl 1(1)(c), cl 1(3)–(5)). The Minister retains targeted discretion over where particular SAA assets, rights and liabilities may end up (s 9; s 10; Schedule 1 cl 6). Those provisions concentrate decision authority in the hands of shareholders and the Minister.\n\n- Continuity and legal certainty tools: transfers vest automatically without conveyancing (Schedule 1 cl 3(a)–(b)), pending legal proceedings continue against the transferee (Schedule 1 cl 3(c)), the operation of the Schedule is made not to constitute breach or default under contracts (Schedule 1 cl 4(1)–(2)), and the Minister’s notice is conclusive evidence of a transfer (Schedule 1 cl 8). These mechanics reduce transaction friction but shift risk-management responsibility to the transferee.\n\n- Financial and compensation effects: the Schedule provides that no duty is payable in relation to these transfers (Schedule 1 cl 7). No general compensation is payable in connection with a transfer under the Schedule except where an order under s 9 or s 10 explicitly provides (Schedule 1 cl 4(5)). Former SAA office-holders who lose office are not generally entitled to pay or compensation merely because they cease that office, except as provided by specified public-sector transitional rules (Schedule 2 cl 2(2)–(3)).\n\n- Employment and industrial relations changes: former SAA staff become Corporation employees (Schedule 2 cl 3) and retain existing accrued leave (Schedule 2 cl 5). The Act preserves pre-existing statutory and industrial terms pending any lawful change (Schedule 2 cl 4(1)), but it also expressly notes that certain public-sector industrial provisions do not apply to the Corporation or its subsidiaries (Schedule 2 cl 4(2)). The CEO and some board-related provisions are carved out from particular State Owned Corporations Act clauses (Schedule 3 cl 2(2); cl 3(5)–(7)), changing how employment conditions and certain public-sector rules apply.\n\n- Market effects and private choice: the Corporation is authorised to offer administration services to financial service providers (s 7(3A)–(3B)). Mechanically, that permits the Corporation to compete for administration work that private firms might otherwise supply. The Act itself does not set pricing, contracting or competition rules; those will flow from the Corporation’s commercial decisions and any directions under the State Owned Corporations Act (s 5 note).\n\n- Privacy constraint on shareholder oversight: despite the broader accountability framework from the SOC Act, the board is not required to give voting shareholders or the portfolio Minister information about individual members of a superannuation scheme, and must not furnish that information without the member’s consent (s 12). This creates a specific limit on what information voting shareholders can demand.\n\n- Implementation risks and transaction windows: the Minister’s power to transfer specified assets or liabilities to another State entity is time-limited for transfers from the Corporation (12 months after dissolution) (s 10; Schedule 1 cl 5). That creates a defined window in which the Minister can reallocate particular items, concentrating implementation decisions in a post-dissolution period.\n\n### Compliance and administrative burden\n\n- The Act relies on the State Owned Corporations Act for many governance and accountability obligations (s 5; Schedule 3 cross-references). The Corporation must comply with statement-of-corporate-intent and reporting obligations under that Act, subject to the special provisions and exclusions in this Act and its Schedules (s 5 note; Schedule 6 cl 4). The Governor may make regulations to cover transitional details and interpretational matters (s 15; Schedule 6 Part 1).\n\nOverall, the Act mechanically replaces a statutory authority with a statutory State owned corporation, preserves asset, liability and staff continuity through vesting and transfer rules, changes governance and some employment law settings, allows the new corporation to transact with private financial service providers, and confines certain disclosures about individual scheme members."},"summary":{"complexity_score":5,"scope_assessment":{"changed":false,"description":"Based on the available information, the Act appears to have remained focused on its original purpose of corporatising the Superannuation Administration Authority. The amendments over the years (2001, 2005, 2010, 2013, 2015) likely reflect consequential updates as the broader superannuation and government corporate landscape changed in NSW, rather than any fundamental expansion or contraction of the Act's core scope."},"complexity_factors":["Involves the intersection of corporate law, superannuation law, and public sector administrative law","Corporatisation legislation typically contains complex transitional provisions (transferring assets, liabilities, contracts and staff from the old body to the new one)","Multiple amendments over 16+ years suggest the legislation has evolved, adding layers to interpret","Requires understanding of what the Superannuation Administration Authority was and how it related to various NSW public sector super schemes","The enabling framework references other Acts (e.g., State Owned Corporations Act) which must be read alongside this Act","Limited substantive content is visible in the provided extract, making full assessment difficult"],"plain_english_summary":"## Superannuation Administration Authority Corporatisation Act 1999 (NSW)\n\n**What is this law about?**\n\nThis NSW Act converted the Superannuation Administration Authority — a government body responsible for administering public sector superannuation (retirement savings) schemes — into a corporation (a company-like structure). This process is called **corporatisation**, which means turning a government agency into an entity that operates more like a private business, while still remaining government-owned.\n\n**Who does it affect?**\n\n- **NSW public sector workers** whose superannuation was managed by the Authority\n- **The NSW Government**, which retained ownership and oversight\n- **Employees of the Authority itself**, whose employment conditions may have changed with the new corporate structure\n\n**Why does it matter?**\n\nCorporatising a government body changes how it is run — it typically becomes subject to standard company law, operates with more commercial independence, and must focus on efficiency. For superannuation fund members, this was largely a behind-the-scenes structural change, but it affected how their retirement savings were administered and by whom.\n\n**Current status:** The Act is still technically in force (last updated July 2015), though its practical work — setting up the corporate structure — was largely completed long ago. It is overseen by the NSW Treasurer."},"issue_detection":{"absurdities":[],"contradictions":[]}},"importantCases":[],"_links":{"self":"/api/acts/superannuation-administration-authority-corporatisation-act-1999","history":"/api/acts/superannuation-administration-authority-corporatisation-act-1999/history","analysis":"/api/acts/superannuation-administration-authority-corporatisation-act-1999/analysis","conflicts":"/api/acts/superannuation-administration-authority-corporatisation-act-1999/conflicts","importantCases":"/api/acts/superannuation-administration-authority-corporatisation-act-1999/important-cases","documents":"/api/acts/superannuation-administration-authority-corporatisation-act-1999/documents"}}