4Definitions

4 Definitions

4 Definitions

In this Act—

benefit means a pension or lump sum retirement or superannuation benefit.

exercise a function includes perform a duty.

function includes a power, authority or duty.

investment manager means a person who provides superannuation investment management services for a superannuation fund or funds or part of any such fund under a contract or an arrangement with STC, and includes any other person engaged by that person to provide all or any of those superannuation investment management services.

local authority means a council within the meaning of the Local Government Act 1993.

mandated investment manager—see section 60.

public authority means a person or body constituted or established by an Act for a public purpose.

SAC means the Corporation constituted under the Superannuation Administration Authority Corporatisation Act 1999.

State sector employer means an employer under an STC scheme that is included in the consolidated Total State Sector financial statements under section 7.17 (1) of the Government Sector Finance Act 2018.

STC means the SAS Trustee Corporation continued by this Act.

STC dispute function means the principal function, referred to in section 50 (1) (e), to determine disputes under the Acts under which the STC schemes are established or constituted.

STC disputes committee means a committee delegated the STC dispute function under section 77.

STC fund or STC scheme means a superannuation fund or superannuation scheme established or constituted under any of the following Acts—

(a) Police Regulation (Superannuation) Act 1906,

(b) Superannuation Act 1916,

(c) Local Government and Other Authorities (Superannuation) Act 1927,

(d) Transport Employees Retirement Benefits Act 1967,

(e) New South Wales Retirement Benefits Act 1972,