Superannuation Administration Act 1996
81AAdjustment of employer reserves for surplus funds
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81A Adjustment of employer reserves for surplus funds
81A Adjustment of employer reserves for surplus funds
(1) STC may, at the request of the Treasurer, debit all or part of the surplus funds from an employer reserve of a State sector employer and credit that amount to any one or more of the following—
(a) an employer reserve of that employer in an account maintained in relation to another STC scheme,
(b) the employer reserve of one or more other State sector employers in an account maintained in relation to the same or another STC scheme.
(2) STC may, at the request of an employer who is not a State sector employer and with the approval of the Treasurer, debit all or part of the surplus funds from the employer’s reserve and pay that amount to that employer.
s 81A: Ins 2008 No 28, Sch 1 [6].