State Authorities Superannuation (Ex-Snowy Mountains Hydro-Electric Authority Superannuation Fund Transfer) Regulation 2003
17Transitional arrangement
Start here
Get a plain-English read of 17
Turn the raw legal text into a practical explanation grounded in State Authorities Superannuation (Ex-Snowy Mountains Hydro-Electric Authority Superannuation Fund Transfer) Regulation 2003.
17 Transitional arrangement
17 Transitional arrangement
(1) Clauses 12 to 16 do not apply before the first day of the pension pay period that ends on the first pension pay day in October 2004.
(2) Before that date, pensions payable under this Regulation are to be be adjusted in accordance with such method as STC considers appropriate. However, any such pension must not be reduced below the amount that would have been payable under the former scheme had it remained in force and had this Regulation not been made.