126Provisions consequent on establishment of additional superannuation schemes

126 Provisions consequent on establishment of additional superannuation schemes

126 Provisions consequent on establishment of additional superannuation schemes

(1) Regulations may be made for or with respect to the following matters, in relation to the establishment of a superannuation scheme by a trust deed as referred to in section 125—

(a) the transfer of members of, or contributors to, an STC scheme from that scheme to the new superannuation scheme,

(b) the rights of persons who are eligible to become members of the new superannuation scheme to remain as members of, or contributors to, an STC scheme,

(c) the transfer of assets and liabilities of an STC scheme, in respect of transferred members or contributors or former members or contributors, to the new superannuation scheme,

(d) the payment of pensions and other benefits in respect of former members of, or former contributors to, an STC scheme under the new superannuation scheme,

(e) the funds and reserves to be established in respect of the new superannuation scheme,

(f) the preservation or deferral of benefits of persons transferring to the new superannuation scheme,

(g) the entitlements, rights and obligations of a member of, or contributor to, an STC scheme who joins the new superannuation scheme,

(h) the provision of services in relation to the new superannuation scheme by SAC (or its successors),

(i) the deeming of employers to be no longer employers under an STC scheme where all the relevant employees are transferred from the STC scheme to the new superannuation scheme.

(2) A regulation made under this section has effect despite any provision of an Act under which an STC scheme is constituted.

s 126 (previously s 128): Am 1998 No 144, Sch 2.6 [5]; 1999 No 5, Sch 4 [11]; 2004 No 10, Sch 1 [25]; 2005 No 91, Sch 2.2 [21] [22]. Renumbered 2022 No 63, Sch 3.1[5].