Local Government and Other Authorities (Superannuation) Act 1927
15AMAClosure of Pension Fund
Start here
Get a plain-English read of 15AMA
Turn the raw legal text into a practical explanation grounded in Local Government and Other Authorities (Superannuation) Act 1927.
15AMA Closure of Pension Fund
15AMA Closure of Pension Fund
(1) In this Division—
commencement day means the day on which the Public Authorities Superannuation Act 1985 commences.
Public Authorities Superannuation Fund means the Public Authorities Superannuation Fund established under the Public Authorities Superannuation Act 1985.
(2) Notwithstanding any other provision of this Act—
(a) a person is not entitled to elect on or after the commencement day to become a contributor,
(b) a person is not entitled to become a contributor pursuant to an election that was made before, but did not take effect before, the commencement day,
(c) on and after the commencement day, a person who, but for this paragraph, would be liable to contribute to the Pension Fund (whether as employer or employee) is not so liable,
(d) a person who, immediately before the commencement day, was contributing to the Pension Fund ceases on and from that day to be entitled or liable to contribute to the Pension Fund, and
(e) a benefit under this Act is not payable on or after the commencement day to, or in relation to, a contributor unless the benefit was payable before that day.
(3) A benefit under this Act that had become payable before the commencement day but had not been paid, or had not commenced to be paid, before that day shall be paid from the Public Authorities Superannuation Fund.
(4) Any pension under this Act of which payment had commenced before the commencement day shall, on and after that day, be paid from the Public Authorities Superannuation Fund.
(5) Any amount that, before the commencement day, a person was liable to pay, but had not paid, to the Pension Fund is payable to the Public Authorities Superannuation Fund.
(6) On and from 1 April 1988, a reference in this section to the Public Authorities Superannuation Fund shall be read as a reference to the State Authorities Superannuation Fund established under the State Authorities Superannuation Act 1987.
s 15AMA: Ins 1985 No 42, Sch 1. Am 1987 No 215, Sch 1 (6).