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State Authorities Superannuation (Closed Local Government Schemes Transfer) (Savings and Transitional) Regulation 1990
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Turn the raw legal text into a practical explanation grounded in State Authorities Superannuation (Closed Local Government Schemes Transfer) (Savings and Transitional) Regulation 1990.
23 Application of Part 5 and definitions
(1) This Part applies to an employee within the meaning of the earlier Act who, immediately before the transfer day, was a contributor to the Benefits Fund.
(2) In this Part:
relevant award or agreement means an award or industrial agreement which was in force under the Industrial Arbitration Act 1940 immediately before the date on which this Regulation commenced and which is binding on employees to whom this Part applies and their respective employers.
supplementary benefit means the amount (if any) by which the refund to an employer under section 15Y (1) (b) of the earlier Act exceeds the amount of the employer-financed benefit payable under the provisions of the current Act.