State Authorities Superannuation (Ex-Snowy Mountains Hydro-Electric Authority Superannuation Fund Transfer) Regulation 2003
7Existing disputes other than where legal proceedings pending
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7 Existing disputes other than where legal proceedings pending
7 Existing disputes other than where legal proceedings pending
(1) If Pacific Power is a party to a dispute relating to the assets, rights or liabilities of Pacific Power as trustee of the former scheme, and that dispute is referred to, but not finally determined by means of, arbitration before 1 June 2003, the following provisions apply—
(a) STC (rather than Pacific Power) is taken to be a party to the dispute,
(b) the dispute may continue to be determined by means of arbitration,
(c) any costs incurred by STC relating to the dispute may be paid out of the accounts or reserves of the Fund referred to in clause 8 (1) (a).
(2) Any dispute relating to the former scheme (other than a dispute referred to in subclause (1) or clause 6 (2) (d)) is to be determined by STC as if it is a dispute to which section 67 of the Superannuation Administration Act 1996 applies.