Document ID: chunk:federal_register_of_legislation:C2022C00262:section:5
Version: federal_register_of_legislation:C2022C00262
Segment Type: section
Provision Reference: s 5
Character Range: 14403–15585

5  Amendment of Trust Deed
 (1) The Minister may, by signed instrument, amend the Trust Deed.
 (1A) The Minister may not amend the Trust Deed unless:
 (a) CSC has consented to the amendment; or
 (b) the amendment:
 (i) relates to a payment by an employer‑sponsor within the meaning of the Superannuation Industry (Supervision) Act 1993 that will, after the making of the amendment, be required or permitted to be made under this Act; or
 (ii) relates solely to the termination of the PSS Fund; or
 (iii) is made in circumstances covered by regulations made for the purposes of subparagraph 60(1)(b)(iii) of the Superannuation Industry (Supervision) Act 1993.
 (1B) For the purposes of subparagraph (1A)(b)(i), a payment under the Trust Deed or the Rules is taken to be a payment by an employer‑sponsor referred to in that subparagraph.
 (2) If compliance with a provision of the Trust Deed as amended under subsection (1) would have the effect that the Public Sector Superannuation Scheme:
 (a) would not be a regulated superannuation fund within the meaning of the Superannuation Industry (Supervision) Act 1993; or
 (b) would not comply with that Act;
that provision is invalid.