State Authorities Superannuation (Closed Local Government Schemes Transfer) (Savings and Transitional) Regulation 1990
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3 Definitions
3 Definitions
(1) In this Regulation:
Additional Benefit Reserve Fund means the Additional Benefit Reserve Fund established under section 13 of the current Act.
Benefits Fund means the Superannuation Benefits Fund established under section 15S of the earlier Act.
Board means the SAS Trustee Corporation established under the Superannuation Administration Act 1996.
contributor, in relation to the Provident Fund or the Benefits Fund, means a person by or in respect of whom contributions are made to the Provident Fund or the Benefits Fund.
current Act means the State Authorities Superannuation Act 1987.
current insurance policy, in relation to a person, means an insurance policy in force in respect of that person that:
(a) was effected by or in respect of that person or accepted by the Local Government Superannuation Board or its successor under Part 2 of the earlier Act, and
(b) is kept in force by the payment of the premiums under section 6 of that Act.
earlier Act means the Local Government and Other Authorities (Superannuation) Act 1927.
employer reserve means an employer reserve established and maintained under section 14 of the current Act.
final average salary and final salary have the same meanings as they have in section 36 of the current Act.
former fixed rate Provident Fund contributor means a person who was, immediately before becoming a transferred contributor, a contributor to the Provident Fund but who did not contribute to that Fund as a result of having made a request under section 7C (1) or (3) of the earlier Act.
former variable rate Provident Fund contributor means a person who was, immediately before becoming a transferred contributor, a contributor to the Provident Fund by virtue of having contributed to the Fund as a result of having made a request under section 7C (1) or (3) of the earlier Act.
Provident Fund means the Local Government Provident Fund established under section 8 of the earlier Act.
SAS Fund means the State Authorities Superannuation Fund established by the Board under section 11 of the current Act.
transfer day means 1 May 1990.
transferred contributor means a person who becomes a contributor to the SAS Fund by virtue of clause 4 (1), 5 (1) or 6 (1).