14Trust deed to continue previous firefighter disability arrangements

14 Trust deed to continue previous firefighter disability arrangements

14 Trust deed to continue previous firefighter disability arrangements

(1) The trust deed or rules made under the trust deed must make provision for or with respect to the continuation of arrangements, in force immediately before the registration day for FTC, relating to the payment of amounts from the Fund in respect of death or incapacity benefits under the firefighters award, and the subsequent reduction or application of benefits, and other ancillary matters.

(2) Provision made for the purposes of this section may be in general or particular terms and may be by means of special arrangements permitted to be entered into under the trust deed or rules under the trust deed.

(3) Nothing in this section requires the continuation of any arrangement at any time after the relevant provisions of the firefighters award cease to have effect.

(4) Nothing in this section requires the trust deed or rules under the trust deed to make provision for or with respect to a matter that is inconsistent with the Superannuation Industry (Supervision) Act 1993 of the Commonwealth or any regulations or other instruments made under that Act.

(5) In this section—

death or incapacity benefit means a benefit payable to or in respect of a firefighter under the firefighters award if—

(a) the firefighter dies, or

(b) the firefighter suffers total and permanent incapacity or partial and permanent incapacity.

firefighter means—

(a) a member of the permanent fire brigade, or

(b) a member of a retained fire brigade,

under the Fire and Rescue NSW Act 1989.

firefighters award means the Crown Employees (NSW Fire Brigades Firefighting Staff Death and Disability) Award 2003.

registration day for FTC means the day on which FTC is taken to be registered as a proprietary company limited by shares for the purposes of section 5H of the Corporations Act 2001 of the Commonwealth.

s 14 (previously s 65): Ins 2005 No 91, Sch 2.1 [14]. Renumbered 2005 No 91, Sch 2.1 [18]. Am 2018 No 59, Schs 5.1, 5.2.