NSWIn ForceAct
State Authorities Non-contributory Superannuation Act 1987
10BCommonwealth co-contribution accounts
Start here
Get a plain-English read of 10B
Turn the raw legal text into a practical explanation grounded in State Authorities Non-contributory Superannuation Act 1987.
10B Commonwealth co-contribution accounts
10B Commonwealth co-contribution accounts
STC must—
(a) establish and maintain, within a fund managed by STC to which Commonwealth co-contributions are paid, a separate account in respect of each employee in respect of whom Commonwealth co-contributions are paid to the fund, and
(b) credit the Commonwealth co-contributions paid in respect of the employee to that account.
s 10B: Ins 2005 No 52, Sch 4 [11].