State Authorities Superannuation (Hunter District Water Board Employees’ Provident Fund Transfer) (Savings and Transitional) Regulation 1990
4Application of certain definitions to transferred contributor
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4 Application of certain definitions to transferred contributor
4 Application of certain definitions to transferred contributor
(1) For the purposes of applying the Act to a transferred contributor, the contributor’s entry date is to be taken to be the date or, if more than one, the latest date on which the transferred contributor commenced employment with the Hunter Water Board.
(2) For the purposes of applying section 36 of the Act (Definitions) to a transferred contributor, that contributor’s average contribution rate per cent referred to in the definition of prospective benefit points in that section is to be construed in such a way as to exclude from calculation any period which occurred before the transfer date.
(3) In relation to a transferred contributor, the definition of accrued benefit points in section 36 of the Act is to be construed as if the reference in that definition to contributed points figures included a reference to the number of transferred benefit points for the contributor calculated in accordance with clause 6 (1).
(4) For the purposes of applying the definition of final average salary in section 36 of the Act to a transferred contributor, that definition is to be read as if the contributor had become a new contributor on the transfer date.