Section 22 - Superannuation Legislation (Consequential Amendments and Transitional Provisions) Act 2011 - Functions and powers

22Functions and powers

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22 Functions and powers

(1) The functions and powers of CSC in relation to the Public Sector Superannuation Scheme and the PSS Fund are those set out in the Trust Deed. (2) CSC is also responsible for the general administration of this Act.

Note: For other functions of CSC, see section 8 of the Governance of Australian Government Superannuation Schemes Act 2011.

217 Subsection 43(1)

Repeal the subsection, substitute:

(1) Any matter or thing done, or omitted to be done, in good faith by a person who is a member of a Reconsideration Advisory Committee established under the Trust Deed in the performance of his or her functions under the Trust Deed in relation to the Public Sector Superannuation Scheme or the PSS Fund does not subject him or her personally to any action, liability, claim or demand.

Note: The heading to section 43 is altered by omitting “of trustees etc.”.

218 At the end of subsection 43(2)

Add:

Note: See section 35 of the Governance of Australian Government Superannuation Schemes Act 2011.

219 Subsections 43(3) and (4)

Repeal the subsections.

220 After paragraph 47(a)

Insert:

(aa) a director (within the meaning of the Governance of Australian Government Superannuation Schemes Act 2011); or

221 Paragraph 47(c)

Repeal the paragraph, substitute:

(c) the CEO or a member of the staff of ComSuper in the performance of the CEO’s functions in relation to this Act.

Superannuation Act 2005

222 Section 4

Before “In this Act”, insert “(1)”.

Note: For other amendments of this Act, see Part 2 of this Schedule.

223 Section 4

Insert:

Australian government superannuation scheme member means a person who is:

(a) a member of the PSS; or
(b) an eligible employee (within the meaning of the Superannuation Act 1976);

so long as the Minister has made a declaration that such a person is an Australian government superannuation scheme member.

Note: See also subsections (2) and (3).

224 Section 4

Insert:

CSC (short for Commonwealth Superannuation Corporation) has the same meaning as in the Governance of Australian Government Superannuation Schemes Act 2011.